Friday, September 10, 2010

Nice Week for Sales in Downtown Jersey City-Jersey City Sales Update-----September 10, 2010

There was a nice 1 bedroom sale in the Newport area at 20 2nd Street (The Mandalay) for a strong $556/sq.ft. this week. Newport always posts higher per sq. ft. averages than the rest of downtown Jersey City.

There was also a 1BR + Den that sold at 253 Washington Street for $426/sq.ft. and I think this should've been a little higher.

On the 2BR front, we had a sale at The Shore (1 Shore Lane) and at The Portofino (65 2nd Street) in the high 400's/sq.ft. which is where they've been averaging lately.

There was a 4 family right on Hamilton Park that sold for $1,300,000. It had lots or original detail and was a true brownstone.

Please click on the link below if you can't see the chart:

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957

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