Friday, February 17, 2012

Is The Sky Club Undervalued? Hoboken Sales Update-February, 17, 2012

There were a total of 10 sales in Hoboken this week.

I've noticed that prices at 700 1st Street (The Sky Club) have been selling very low.  Two units just closed at lower than $450/sq.ft.   I think this is an undervalued building.

On the flip side of this is the $608/sq.ft. sale at 221 Willow which I think is a little bit high for teh market.
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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