Qualified Buyers Able to Take Advantage of 3.5 Percent Down Payment

 Since opening, The Residences at Dixon Mills has successfully outperformed the local marketplace as the fastest-selling condominium in Jersey City. Now, with the announcement that the community has available Federal Housing Administration (FHA) financing, which requires only a 3.5 percent down payment, first-time homebuyers are finding that Dixon Mills also represents the best option to own a one-of-a-kind luxury home at an enhanced value.

 “The latest addition of FHA financing to the existing incentives we have available has already paid dividends and is attracting many new buyers to The Residences at Dixon Mills,” said Greg Berger, principal of Elmsford N.Y.-based Robert Martin Company, developer for The Residences at Dixon Mills. “We signed eight contracts in the first three weeks of March alone and the availability of FHA financing  has stimulated that achievement.”

 Berger added: “Having FHA financing, along with the limited-time $8,000 first-time buyer tax credit and one year of free maintenance being offered at the community has afforded Dixon Mills a notable advantage for savvy buyers.”

 FHA financing allows buyers that qualify to put a mere 3.5 percent down on their new home, as opposed to the 10 to 30 percent buyers would have to put down with conventional loans. FHA mortgage terms also allow the buyer to incorporate closing costs into the mortgage, instead of having the burden of paying these costs upfront.

 “If FHA financing wasn’t available, I wouldn’t have been able to purchase a home right now,” stated David J. Burks, a recent buyer of a one-bedroom home at The Residences at Dixon Mills. “The real estate market is open right now, however, for most people, finances are tough. Knowing that prices will rise makes now the perfect time to buy, and FHA allows those that are looking to be active in the market, but don’t have the necessary down payment, to get into it. I’m excited I had the opportunity to purchase a fantastic condominium in a luxury community.”

 Burks, who will be making a move to the Jersey City community from the Upper East Side in Manhattan in April, added, “A big selling point for me with Dixon Mills were the facilities – they are just fantastic. My fiancé and I were able to drop our expensive gym memberships because we have access to the community’s indoor basketball courts, sauna, gym and the various classes it offers, allowing us to save on our monthly bills.”

 “In addition to great financing options, our community offers an array of amenities, such as state-of-the-art fitness and community facilities and easy access to public transportation, whether you choose to walk or ride the Dixon shuttle bus” said Kristin Hurd, director of sales at The Residences at Dixon Mills. “Furthermore, we offer numerous residence layout options, authentic historic architectural details, and the option of private outdoor patios with spectacular views, attracting buyers looking for a one-of-a-kind luxurious home to our community.”

 One of the most unique characteristics of The Residences at Dixon Mills is its wide variety of floor plan designs. With more than 350 unique floor plans to choose from, buyers with an array of lifestyle needs have been able to find the ideal home to fit their personal living requirements.

Dixon Mills features studios as well as one-, two- and three-bedroom condominium residences from the low $200,000s. Duplexes, triplexes and penthouses are also available.

 Dixon Mills offers luxurious homes that feature remarkable finishes and features such as oversized windows and ceilings, bathrooms featuring deep soaking tubs, Carrara tile floors, beautiful marble and wood vanities, stylish gourmet kitchens outfitted with stainless steel appliances, granite countertops, coordinated backsplashes, porcelain tile floors and warm maple or rich cherry wood cabinetry.

 The community also offers residents access to The Club at Dixon Mills. Newly opened in the fall of 2009, The Club features a state-of-the-art fitness center, spacious locker rooms, a yoga/movement room, community lounge, WiFi area, media room and indoor multi-purpose recreational court. The Club’s Lifestyle Lounge includes a fireplace, kitchen, screening room with a large projection television, comfortable seating, and a plug ‘n’ play WiFi laptop bar.

The Residences at Dixon Mills is located just three blocks from the nearby Grove Street PATH station, offering direct access to Wall Street or Midtown, as well as the neighborhood’s many retailers, restaurants and cultural and entertainment venues. As part of the community’s amenities package, Dixon Mills offers residents a shuttle bus that takes them from their door to the PATH station.

The Residences at Dixon Mills Sales Office is open from 10 a.m. to 6 p.m. Monday, Wednesday and Friday through Sunday, and from noon to 8 p.m. Tuesday and Thursday. To visit the Sales Office, take Interstate 78 East to the Jersey City/Columbus Drive exit and stay straight to go onto Center Street. Make a right onto Christopher Columbus Drive. Turn right onto Brunswick Street and then left on Wayne Street. The Sales Office will be on your right.

 For more information about The Residences at Dixon Mills, please call the Sales Office at 201-309-1004 or visit www.dixonmillsjc.com. Tours of the Sales Office and designer model condominium homes are available by appointment only.            

 

 

About Robert Martin Company

Founded in 1957, Robert Martin Co. has a long, distinguished history in real estate.  The company and its partners have developed and acquired over 20 million square feet of property and its holdings presently include over two million square feet of office space and hundreds of acres of developable land.  Widely regarded as a pioneer in office park development and mixed-use urban renewal projects, the real estate and investment firm has expanded from its home base in the New York metropolitan region into California and Florida, where it has recently partnered to buy over 600 hundred acres of land, approximately 2,500 apartments and a large mixed-use project in Miami, Florida.  For more information on Robert Martin Co. visit www.robertmartincompany.com

 

###