Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and downtown Jersey City
My name is Kevin Dowd and welcome to my real estate blog. This blog is meant to educate local buyers and sellers in Hoboken, downtown Jersey City and the surrounding areas by providing up-to-date real estate sales statistics. Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.
Friday, May 13, 2011
Downtown Jersey City Holding Steady-Downtown Jersey City Sales Update-----May 13, 2011
There were 8 sales this week in downtown Jersy City. Not great, but not bad.
There was a 1BR in the Newport area at 45 River Drive South for $401/sq.ft. It's a slightly older building, but if you like the Newport area, these properties are a great value.
There was a 1BR at 10 Regent that sold for $509/sq.ft. They call this the Liberty Harbor area and these units are very nice. They're not far from the Zeppelin Beer Hall which is a lot of fun....
On the 2BR front, there were no sales in the Newport area. Downtown 2BR averaged $422/sq. ft. There was a unit at Grove Point that just closed for $417/sq.ft. I know of someone who paid $562/sq.ft. for a similar unit at the peak of the market.
Please click on the link below if you can't view the chart:
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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