Friday, April 15, 2011

Great Sales Week for Downtown Jersey City-Downtown Jersey City Sales Update-April 15, 2011

We had another solid sales week in downtown Jersey City with 8 total sales.

There was a sale at 443 2nd Street (Crescent Court) for $359 sq. ft. The units there are actually very nice, but weak sales has forced the developer to slash prices. The rep for the building mentioned that they're selling every unit at a loss.

There was also a weak 2BR sales at 407 3rd Street, but it was a 4th floor walkup all the way back on Colgate.

The Newport area performed as usual with a 2BR unit at 389 Washington selling for $525 sq. ft. and a 2 BR unit selling at 700 Grove for $380/sq.ft.

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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