Monday, November 29, 2010

Hoboken Sales Update-November 26, 2010

The price per sq. ft. of 1BR was brought down slightly this week by a rehab 1BR sales at 1212 Washington for $275/sq.ft. It is need a gut renovation, but was a great buy for someone willing to put the time and money into it.

2BR sales in Hoboken this week were brought up by a strong sale at 1500 Hudson (Hudson Tea) at $636/sq.ft. I did some research and the buyer paid $709/sq.ft. just a year ago...OUCH!

There was an interesting sale at 7th and Washington this week. It was actually a single family home being used as a convent. I'm curious to see what they're going to do with it.

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

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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