Thursday, October 22, 2009
New Construction or A New York City View?
I have a buyer that's considering buying a newly built condo in a high-rise building with parking or a slightly larger condo that's in a great pre-war building with direct, unobstructed New York City views without parking. It's also $35,000 more expensive.
In the Hoboken/Jersey City/Weehawken areas city views are coveted.
What are your thoughts?
As they say in real estate, location is the key. The building with the NYC views has very little turnover, with many residents living there 10+ years. The scarce availability in this building plus the great NYC views makes this unit the clear choice in my eyes.
You always have to think about resale values when buying the Hoboken/Jersey City/Weehawken area.