Living on the Hudson» 77 Hudson

Jersey City Waterfront Condos Maintenance Fees & Taxes

Walter Burns — Tue, 31 Aug 2010 03:10:48 +0000

Currently there are three major downtown Jersey City waterfront high-rise condos which are currently being sold as new construction. They are 77 Hudson, Crystal Point, and Trump Plaza Residences. I find that many buyers who look at one of these buildings usually has interest in seeing the others. Commons questions that I hear are regarding the taxes and the maintenance fees for each of these buildings.

77 Hudson Condos in Jersey City

77 Hudson is a high-rise new construction condominium project developed by K. Hovnanian in the Paulus Hook/Exchange Place section of downtown Jersey City.

The monthly maintenance fees for 77 Hudson break down to about $0.71 cents per square foot. This includes heat, hot water, water, gas, common insurance, as well as all of 77 Hudson’s common amenities like 24 concierge, outdoor pool, fitness center and resident’s lounge.
77 Hudson has a 20 year tax abatement. Taxes will be based upon the purchase price of each unit and assessed by the City of Jersey City. The estimate for the annual taxes is approximately 1.65% to 1.7% of the sales price.

Trump Plaza Residences in Jersey City

Trump Plaza Residences is a 55 story high-rise new construction condominium building located at 88 Morgan St. in Jersey City. It was developed by Metro Homes LLC and is located in the Exchange Place section of downtown Jersey City.

The monthly maintenance fees for Trump Plaza are currently $0.71 cents per square foot which includes water, common insurance, basic cable/internet, and all of Trump Plaza’s common amenities like 24 hour doorman, concierge, fitness center, resident’s lounge, outdoor pool, game room, and indoor Roman spa.
Trump Plaza has a 20 year tax abatement. Taxes will be based upon the purchase price of each unit and assessed by the City of Jersey City. The estimate for the annual taxes is approximately 1.65% to 1.7% of the sales price.

Crystal Point Condos in Jersey City

Crystal Point is the only downtown Jersey City condo building that literally sits on the banks of the Hudson River, 25 feet from the water’s edge. It was developed by Fisher Development Associates and is located at 2 2nd St. near Exchange Place in downtown Jersey City.

The monthly maintenance fees for Crystal Point are currently $0.57 cents per square foot. This includes water, hot water, gas, valet parking for 1 car. Also included are Crystal Point’s common amenities like 24 hour concierge, outdoor pool, indoor whirl pool, resident’s lounge and fitness center.
Crystal Point has a 30 year tax abatement. The taxes will be based on the purchase price of each condo and assessed by the City of Jersey City. In years 1-5 of ownership the taxes are approximately 0.9% to 1.1% of the purchase price. In years 5-10 of ownership, the taxes adjust to approximately 1.3% of the owner’s original purchase price. In years 10-30, the taxes adjust to approximately 1.4% of the owner’s original purchase price.

All of these taxes figures are just estimates. I recommend contacting the City of Jersey City Tax Assessor’s Office with specific tax related questions.

If you have any questions about these Jersey City waterfront condo buildings, feel free to contact me, Walter Burns.

For all the latest in Jersey City real estate news and information, subscribe to Living on the Hudson.

Jersey City Condo Market Update July 2010

Walter Burns — Fri, 13 Aug 2010 19:22:59 +0000

Below is the Jersey real estate market update for condominium sales for July 2010 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

There are 355 Active Jersey City condos for sale with an average listing price of $520,086. Average days on the market: 103 Days

Since July 1st, 99 new Jersey City condos came on the market for sale with an average listing price of $523,447.

Active Downtown Jersey City Studio Condos: 13 condos for sale with an average listing price of $323,369. 95 days on the market.
Active Downtown Jersey City 1 Bedroom Condos: 143 condos for sale with an average listing price of $368,050. 108 days on the market.
Active Downtown Jersey City 2 Bedroom Condos: 159 condos for sale with an average listing price of $570,973. 98 days on the market.
Active Downtown Jersey City 3+ Bedroom Condos: 40 condos for sale with an average listing price of $925,273. 105 days on the market.

Pending Downtown Jersey City Condos

There are 78 Downtown Jersey City condos under contract waiting to close with an average listing price of $428,263 Average days on the market: 95 Days. Final sales prices of these units will not be published until they close.

Pending Downtown Jersey City Studio Condos: 2 condos under contract with an average listing price of $74,000. 87 days on the market.
Pending Downtown Jersey City 1 Bedroom Condos: 28 condos under contract an average listing price of $318,564. 90 days on the market.
Pending Downtown Jersey City 2 Bedroom Condos: 43 condos under contract with an average listing price of $492,181. 102 days on the market.
Pending Downtown Jersey City 3+ Bedroom Condos: 5 condos under contract with an average listing price of $554,580. 62 days on the market.

Sold Downtown Jersey City Condos 7/1/10 to 7/31/10

30 Downtown Jersey City condos sold between 7/1/10 & 7/31/10 with average listing price of $589,761. The average sales price of these sold Downtown Jersey City condos were $556,107. Average days on the market: 82 Days

Sold Downtown Jersey City Studio Condos: No studios sold in July.
Sold Downtown Jersey City 1 Bedroom Condos: 6 condos sold an average listing price of $333,466 and an averages sales price of $314,341. 92 days on the market.
Sold Downtown Jersey City 2 Bedroom Condos: 20 condos sold with an average listing price of $615,752 and an average sales price of $582,909. 82 days on the market.
Sold Downtown Jersey City 3+ Bedroom Condos: 4 condos sold with an average listing price of $844,250 and an average sales price of $784,750. 65 days on the market.

Jersey City Waterfront Condo Update

Sold units since 7/1/10

Shore Club: 15 Active condos, 4 units under contract, 5 condos sold.
A Condominiums: 16 Active condos, 1 unit under contract, 3 condos sold.
Mandalay on the Hudson: 10 Active condos, 4 units under contract, 4 condos sold.
Gulls Cove: 11 Active condos, 2 units under contract, 1 condo sold.
Fulton’s Landing: 4 Active condos, 4 units under contract, 2 condos sold.
James Monroe: 16 Active condos, 0 units under contract, 0 condos sold.
Liberty Terrace: 8 Active condos, 1 unit under contract, 0 condos sold.
Liberty Harbor: 4 Active condos, 0 units under contract, 1 condo sold.
Portofino: 4 Active condos, 4 units under contract, 1 condo sold.
Pier House: 3 Active condos, 2 units under contract, 0 condos sold.
700 Grove: 12 Active condos, 3 units under contract, 3 condos sold.
Montgomery Greene: 3 Active condos, 2 units under contract, 1 condo sold.
Clermont Cove: 3 Active condo, 1 unit under contract, 1 condo sold.
Sugar House: 3 Active condos, 0 units under contract, 0 condos sold.
Waldo Lofts: 5 Active condos, 2 units under contract, 1 condo sold.
Zephyr Lofts: 6 Active condos, 1 unit under contract, 0 condos sold.

****The above data may not reflect all of the units that may be available or that have sold in downtown Jersey City. Inside sales offices in new construction downtown Jersey City condo buildings like Gulls Cove, Trump Plaza, Crystal Point, and 77 Hudson do not list and report all of their sales through the Hudson County MLS.

To see how this market update compares to last month’s, please visit the June 2010 Jersey City condo sales report.

If you have questions about a certain downtown Jersey City Condo buildings that are not on this list, feel free to contact me, Walter Burns or leave a comment. I will get back to you with the information.

For the latest in Hudson County real estate news and information, subscribe to Living on the Hudson.

Jersey City Condo Market Update June 2010

Walter Burns — Sat, 17 Jul 2010 03:41:58 +0000

Below is the Jersey real estate market update for condominium sales for June 2010 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

There are 358 Active Jersey City condos for sale with an average listing price of $511,764. Average days on the market: 101 Days

Since June 1st, 110 new Jersey City condos came on the market for sale with an average listing price of $511,396

Active Downtown Jersey City Studio Condos: 13 condos for sale with an average listing price of $309,069. 92 days on the market.
Active Downtown Jersey City 1 Bedroom Condos: 142 condos for sale with an average listing price of $364,394. 103 days on the market.
Active Downtown Jersey City 2 Bedroom Condos: 168 condos for sale with an average listing price of $554,013. 100 days on the market.
Active Downtown Jersey City 3+ Bedroom Condos: 35 condos for sale with an average listing price of $982,159. 99 days on the market.

Pending Downtown Jersey City Condos

There are 85 Downtown Jersey City condos under contract waiting to close with an average listing price of $462,942 Average days on the market: 88 Days. Final sales prices of these units will not be published until they close.

Pending Downtown Jersey City Studio Condos: 2 condos under contract with an average listing price of $214,500. 30 days on the market.
Pending Downtown Jersey City 1 Bedroom Condos: 31 condos under contract an average listing price of $341,213. 92 days on the market.
Pending Downtown Jersey City 2 Bedroom Condos: 44 condos under contract with an average listing price of $511,900. 93 days on the market.
Pending Downtown Jersey City 3+ Bedroom Condos: 8 condos under contract with an average listing price of $727,487. 60 days on the market.

Sold Downtown Jersey City Condos 6/1/10 to 6/30/10

43 Downtown Jersey City condos sold between 6/1/10 & 6/30/10 with average listing price of $448,695. The average sales price of these sold Downtown Jersey City condos were $425,727. Average days on the market: 74 Days

Sold Downtown Jersey City Studio Condos: No studios sold in June.
Sold Downtown Jersey City 1 Bedroom Condos: 23 condos sold an average listing price of $386,869 and an averages sales price of $366,230. 87 days on the market.
Sold Downtown Jersey City 2 Bedroom Condos: 17 condos sold with an average listing price of $482,582 and an average sales price of $462,470. 62 days on the market.
Sold Downtown Jersey City 3+ Bedroom Condos: 3 condos sold with an average listing price of $730,666 and an average sales price of $673,666. 50 days on the market.

Jersey City Waterfront Condo Update

Sold units since 6/1/10

Shore Club: 15 Active condos, 6 units under contract, 6 condos sold.
A Condominiums: 18 Active condos, 1 unit under contract, 3 condos sold.
Mandalay on the Hudson: 11 Active condos, 4 units under contract, 4 condos sold.
Gulls Cove: 11 Active condos, 1 unit under contract, 0 condos sold.
Fulton’s Landing: 5 Active condos, 2 units under contract, 3 condos sold.
James Monroe: 14 Active condos, 0 units under contract, 3 condos sold.
Liberty Terrace: 6 Active condos, 1 unit under contract, 2 condos sold.
Liberty Harbor: 6 Active condos, 1 unit under contract, 0 condos sold.
Portofino: 6 Active condos, 3 units under contract, 2 condos sold.
Pier House: 4 Active condos, 1 unit under contract, 2 condos sold.
700 Grove: 15 Active condos, 4 units under contract, 1 condo sold.
Montgomery Greene: 1 Active condos, 3 units under contract, 0 condos sold.
Clermont Cove: 4 Active condo, 1 unit under contract, 0 condos sold.
Sugar House: 4 Active condos, 0 units under contract, 0 condos sold.
Waldo Lofts: 6 Active condos, 1 unit under contract, 1 condo sold.
Zephyr Lofts: 7 Active condos, 1 unit under contract, 1 condo sold.

To see how this market update compares to last month’s, please visit the May 2010 Jersey City condo sales report.

Related Posts:

Jersey City Condo Market Update May 2010

Walter Burns — Sat, 12 Jun 2010 15:29:45 +0000

Below is the Jersey real estate market update for condominium sales for May 2010 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

There are 362 Active Jersey City condos for sale with an average listing price of $502,635. Average days on the market: 99 Days

Since May 1st, 92 new Jersey City condos came on the market for sale with an average listing price of $551,956.

Active Downtown Jersey City Studio Condos: 13 condos for sale with an average listing price of $311,900. 97 days on the market.
Active Downtown Jersey City 1 Bedroom Condos: 146 condos for sale with an average listing price of $362,969. 102 days on the market.
Active Downtown Jersey City 2 Bedroom Condos: 169 condos for sale with an average listing price of $542,047. 100 days on the market.
Active Downtown Jersey City 3+ Bedroom Condos: 34 condos for sale with an average listing price of $979,399. 80 days on the market.

Pending Downtown Jersey City Condos

There are 99 Downtown Jersey City condos under contract waiting to close with an average listing price of $466,168 Average days on the market: 90 Days. Final sales prices of these units will not be published until they close.

Pending Downtown Jersey City Studio Condos: 1 condo under contract located at Montgomery Greene. List price: $250,000. 54 days on the market.
Pending Downtown Jersey City 1 Bedroom Condos: 39 condos under contract an average listing price of $365,780. 98 days on the market.
Pending Downtown Jersey City 2 Bedroom Condos: 50 condos under contract with an average listing price of $513,743. 91 days on the market.
Pending Downtown Jersey City 3+ Bedroom Condos: 9 condos under contract with an average listing price of $660,888. 57 days on the market.

Sold Downtown Jersey City Condos 5/1/10 to 5/31/10

34 Downtown Jersey City condos sold between 5/1/10 & 5/31/10 with average listing price of $435,882. The average sales price of these sold Downtown Jersey City condos were $422,222. Average days on the market: 76 Days

Sold Downtown Jersey City Studio Condos: 2 condos sold an average listing price of $229,949 and an averages sales price of $217,665. 76 days on the market.
Sold Downtown Jersey City 1 Bedroom Condos: 11 condos sold an average listing price of $320,490 and an averages sales price of $315,909. 58 days on the market.
Sold Downtown Jersey City 2 Bedroom Condos: 16 condos sold with an average listing price of $508,293 and an average sales price of $490,472. 94 days on the market.
Sold Downtown Jersey City 3+ Bedroom Condos: 5 condos sold with an average listing price of $540,400 and an average sales price of $519,538. 58 days on the market.

Jersey City Waterfront Condo Update

Sold units since 5/16/10

Shore Club: 15 Active condos, 8 units under contract, 1 condo sold.
A Condominiums: 14 Active condos, 4 units under contract, 0 condos sold.
Mandalay on the Hudson: 11 Active condos, 7 units under contract, 1 condo sold.
Gulls Cove: 9 Active condos, 0 units under contract, 1 condo sold.
Fulton’s Landing: 5 Active condos, 3 units under contract, 1 condo sold.
James Monroe: 12 Active condos, 2 units under contract, 2 condos sold.
Liberty Terrace: 6 Active condos, 3 units under contract, 1 condo sold.
Liberty Harbor: 7 Active condos, 0 units under contract, 0 condos sold.
Portofino: 9 Active condos, 3 units under contract, 1 condo sold.
Pier House: 6 Active condos, 2 units under contract, 0 condos sold.
700 Grove: 13 Active condos, 4 units under contract, 2 condo sold.
Montgomery Greene: 2 Active condos, 2 units under contract, 0 condos sold.
Clermont Cove: 6 Active condo, 0 units under contract, 2 condos sold.
Sugar House: 5 Active condos, 0 units under contract, 0 condos sold.
Waldo Lofts: 6 Active condos, 2 units under contract, 0 condos sold.
Zephyr Lofts: 9 Active condos, 1 unit under contract, 0 condos sold.

To see how this market update compares to last month’s, please visit the April 2010 Jersey City condo sales report.

Recent Posts:

Jersey City Condo Market Update April 2010

Walter Burns — Sun, 16 May 2010 21:04:36 +0000

Below is the Jersey real estate market update for condominium sales for April 2010 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

There are 366 Active Jersey City condos for sale with an average listing price of $492,693 Average days on the market: 93 Days

Since April 1st, 117 new Jersey City condos came on the market for sale with an average listing price of $509,071.

Active Downtown Jersey City Studio Condos: 14 condos for sale with an average listing price of $294,628. 85 days on the market.
Active Downtown Jersey City 1 Bedroom Condos: 147 condos for sale with an average listing price of $357,292. 101 days on the market.
Active Downtown Jersey City 2 Bedroom Condos: 175 condos for sale with an average listing price of $540,172. 88 days on the market.
Active Downtown Jersey City 3+ Bedroom Condos: 30 condos for sale with an average listing price of $971,622. 85 days on the market.

Pending Downtown Jersey City Condos

There are 108 Downtown Jersey City condos under contract waiting to close with an average listing price of $460,888 Average days on the market: 84 Days. Final sales prices of these units will not be published until they close.

Pending Downtown Jersey City Studio Condos: 3 condos under contract an average listing price of $236,633. 68 days on the market.
Pending Downtown Jersey City 1 Bedroom Condos: 41 condos under contract an average listing price of $373,551. 88 days on the market.
Pending Downtown Jersey City 2 Bedroom Condos: 53 condos under contract with an average listing price of $508,366. 90 days on the market.
Pending Downtown Jersey City 3+ Bedroom Condos: 11 condos under contract with an average listing price of $618,818. 47 days on the market.

Sold Downtown Jersey City Condos 4/1/10 to 4/30/10

44 Downtown Jersey City condos sold between 4/1/10 & 4/30/10 with average listing price of $492,362. The average sales price of these sold Downtown Jersey City condos were $469,715. Average days on the market: 81 Days

Sold Downtown Jersey City Studio Condos: No studios sold in April 2010.
Sold Downtown Jersey City 1 Bedroom Condos: 13 condos sold an average listing price of $316,018 and an averages sales price of $305,461. 99 days on the market.
Sold Downtown Jersey City 2 Bedroom Condos: 27 condos sold with an average listing price of $539,581 and an average sales price of $511,981. 75 days on the market.
Sold Downtown Jersey City 3+ Bedroom Condos: 4 condos sold with an average listing price of $746,750 and an average sales price of $718,250. 68 days on the market.

Jersey City Waterfront Condo Update

Sold units occurred between 4/1/10 and 5/16/10.

Shore Club: 16 Active condos, 7 units under contract, 9 condos sold.
A Condominiums: 15 Active condos, 1 units under contract, 2 condos sold.
Mandalay on the Hudson: 8 Active condos, 8 units under contract, 4 condos sold.
Gulls Cove: 12 Active condos, 1 unit under contract, 4 condos sold.
Fulton’s Landing: 6 Active condos, 2 units under contract, 0 condos sold.
James Monroe: 10 Active condos, 4 units under contract, 0 condos sold.
Liberty Terrace: 7 Active condos, 4 units under contract, 0 condos sold.
Liberty Harbor: 6 Active condos, 0 units under contract, 3 condos sold.
Portofino: 9 Active condos, 4 units under contract, 0 condos sold.
Pier House: 7 Active condos, 1 unit under contract, 0 condos sold.
700 Grove: 10 Active condos, 4 units under contract, 1 condo sold.
Montgomery Greene: 1 Active condo, 2 units under contract, 0 condos sold.
Clermont Cove: 6 Active condo, 2 units under contract, 1 condo sold.
Sugar House: 5 Active condos, 0 units under contract, 1 condo sold.
Waldo Lofts: 6 Active condos, 2 units under contract, 0 condos sold.
Zephyr Lofts: 10 Active condos, 1 unit under contract, 1 condo sold.

To see how this market update compares to last month’s, please visit the March 2010 Jersey City condo sales report.

Recent Posts:

Jersey City Condo Market Update March 2010

Walter Burns — Mon, 12 Apr 2010 01:32:12 +0000

Below is the Jersey real estate market update for condominium sales for March 2010 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

There are 380 Active Jersey City condos for sale with an average listing price of $490,738 Average days on the market: 86 Days

Since March 1st, 148 new Jersey City condos came on the market for sale with an average listing price of $474,038.

Active Downtown Jersey City Studio Condos: 17 condos for sale with an average listing price of $288,929. 70 days on the market.
Active Downtown Jersey City 1 Bedroom Condos: 161 condos for sale with an average listing price of $363,295. 92 days on the market.
Active Downtown Jersey City 2 Bedroom Condos: 172 condos for sale with an average listing price of $546,413. 81 days on the market.
Active Downtown Jersey City 3+ Bedroom Condos: 30 condos for sale with an average listing price of $969,842. 87 days on the market.

Pending Downtown Jersey City Condos

There are 94 Downtown Jersey City condos under contract waiting to close with an average listing price of $483,106 Average days on the market: 87 Days. Final sales prices of these units will not be published until they close.

Pending Downtown Jersey City Studio Condos: Currently there are no studios under contract.
Pending Downtown Jersey City 1 Bedroom Condos: 25 condos under contract an average listing price of $335,924. 97 days on the market.
Pending Downtown Jersey City 2 Bedroom Condos: 58 condos under contract with an average listing price of $516,774. 91 days on the market.
Pending Downtown Jersey City 3+ Bedroom Condos: 11 condos under contract with an average listing price of $640,090. 44 days on the market.

Sold Downtown Jersey City Condos 3/1/10 to 3/31/10

26 Downtown Jersey City condos sold between 3/1/10 & 3/31/10 with average listing price of $463,746. The average sales price of these sold Downtown Jersey City condos were $437,509. Average days on the market: 123 Days

Sold Downtown Jersey City Studio Condos: No studios sold in March 2010.
Sold Downtown Jersey City 1 Bedroom Condos: 15 condos sold an average listing price of $333,513 and an averages sales price of $317,116. 129 days on the market.
Sold Downtown Jersey City 2 Bedroom Condos: 9 condos sold with an average listing price of $581,744 and an average sales price of $547,611. 121 days on the market.
Sold Downtown Jersey City 3+ Bedroom Condos: 2 condos sold with an average listing price of $909,500 and an average sales price of $845,000. 79 days on the market.

Jersey City Waterfront Condo Update

Sold units occurred between 3/1/10 and 4/11/10.

Shore Club: 16 Active condos, 10 units under contract, 5 condos sold.
A Condominiums: 9 Active condos, 1 units under contract, 3 condos sold.
Mandalay on the Hudson: 10 Active condos, 7 units under contract, 2 condos sold.
Gulls Cove: 11 Active condos, 3 units under contract, 2 condos sold.
Fulton’s Landing: 6 Active condos, 2 units under contract, 1 condo sold.
James Monroe: 12 Active condos, 1 unit under contract, 0 condo sold.
Liberty Terrace: 10 Active condos, 1 unit under contract, 0 condos sold.
Liberty Harbor: 5 Active condos, 2 units under contract, 2 condos sold.
Portofino: 12 Active condos, 2 units under contract, 1 condo sold.
Pier House: 6 Active condos, 0 units under contract, 1 condo sold.
700 Grove: 13 Active condos, 5 units under contract, 1 condo sold.
Montgomery Greene: 6 Active condos, 0 units under contract, 1 condo sold.
Clermont Cove: 6 Active condo, 1 unit under contract, 1 condo sold.
Sugar House: 3 Active condos, 1 unit under contract, 0 condos sold.
Waldo Lofts: 4 Active condos, 1 unit under contract, 0 condos sold.
Zephyr Lofts: 8 Active condos, 1 unit under contract, 0 condos sold.

Recent Posts:

Jersey City Condo Market Update January 2010

Walter Burns — Thu, 25 Feb 2010 03:29:44 +0000

Below is the Jersey real estate market update for condominium sales for January 2010 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

There are 350 Active Jersey City condos for sale with an average listing price of $503,489 Average days on the market: 92 Days

Since January 1st, 138 new Jersey City condos came on the market for sale with an average listing price of $476,567.

Active Downtown Jersey City Studio Condos: 17 condos for sale with an average listing price of $331,952. 98 days on the market.
Active Downtown Jersey City 1 Bedroom Condos: 148 condos for sale with an average listing price of $378,652. 89 days on the market.
Active Downtown Jersey City 2 Bedroom Condos: 154 condos for sale with an average listing price of $551,796. 91 days on the market.
Active Downtown Jersey City 3+ Bedroom Condos: 31 condos for sale with an average listing price of $953,577. 104 days on the market.

Pending Downtown Jersey City Condos

There are 83 Downtown Jersey City condos under contract waiting to close with an average listing price of $447,024 Average days on the market: 1115 Days. Final sales prices of these units will not be published until they close.

Pending Downtown Jersey City Studio Condos: Currently there are no studios under contract.
Pending Downtown Jersey City 1 Bedroom Condos: 31 condos under contract an average listing price of $329,526. 126 days on the market.
Pending Downtown Jersey City 2 Bedroom Condos: 45 condos under contract with an average listing price of $489,238. 120 days on the market.
Pending Downtown Jersey City 3+ Bedroom Condos: 7 condos under contract with an average listing price of $696,000. 40 days on the market.

Sold Downtown Jersey City Condos 1/1/10 to 1/31/10

22 Downtown Jersey City condos sold between 1/1/10 & 1/31/10 with average listing price of $433,981. The average sales price of these sold Downtown Jersey City condos were $418,454. Average days on the market: 98 Days

Sold Downtown Jersey City Studio Condos: No studios sold in January 2010.
Sold Downtown Jersey City 1 Bedroom Condos: 11 condos sold an average listing price of $324,790 and an averages sales price of $311,363. 53 days on the market.
Sold Downtown Jersey City 2 Bedroom Condos: 9 condos sold with an average listing price of $482,322 and an average sales price of $471,222. 114 days on the market.
Sold Downtown Jersey City 3+ Bedroom Condos: 2 condos sold with an average listing price of $817,000 and an average sales price of $770,000. 280 days on the market.

Jersey City Waterfront Condo Update

Sold units occurred between 1/1/10 and 2/23/10.

Shore Club: 15 Active condos, 6 units under contract, 3 condos sold.
A Condominiums: 8 Active condos, 2 units under contract, 1 condos sold.
Mandalay on the Hudson: 16 Active condos, 3 units under contract, 1 condo sold.
Gulls Cove: 10 Active condos, 3 units under contract, 0 condos sold.
Fulton’s Landing: 4 Active condos, 5 units under contract, 1 condo sold.
James Monroe: 11 Active condos, 1 unit under contract, 0 condo sold.
Liberty Terrace: 10 Active condos, 1 unit under contract, 1 condo sold.
Liberty Harbor: 6 Active condos, 2 units under contract, 0 condos sold.
Portofino: 8 Active condos, 0 units under contract, 1 condo sold.
Pier House: 3 Active condos, 1 unit under contract, 2 condos sold.
700 Grove: 15 Active condos, 3 units under contract, 0 condos sold.
Montgomery Greene: 5 Active condos, 1 unit under contract, 0 condos sold.
Clermont Cove: 7 Active condo, 1 unit under contract, 0 condos sold.
Sugar House: 2 Active condos, 0 units under contract, 0 condos sold.
Waldo Lofts: 3 Active condos, 0 units under contract, 1 condo sold.
Zephyr Lofts: 8 Active condos, 0 units under contract, 0 condos sold.

To see how this month’s Jersey City condo market update compares to last month’s, please visit the December 2009 Jersey City condo market update.

Jersey City Condo Market Update December 2009

Walter Burns — Mon, 11 Jan 2010 00:21:49 +0000

The Condos at 700 Grove

Below is the Jersey real estate market update for condominium sales for December 2009 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

There are 293 Active Jersey City condos for sale with an average listing price of $513,629. Average days on the market: 90 Days

Since December 1st, 93 new Jersey City condos came on the market for sale with an average listing price of $489,325.

Active Downtown Jersey City Studio Condos: 13 condos for sale with an average listing price of $306,207. 96 days on the market.
Active Downtown Jersey City 1 Bedroom Condos: 117 condos for sale with an average listing price of $389,900. 91 days on the market.
Active Downtown Jersey City 2 Bedroom Condos: 135 condos for sale with an average listing price of $550,254. 86 days on the market.
Active Downtown Jersey City 3+ Bedroom Condos: 25 condos for sale with an average listing price of $844,520. 102 days on the market.

Pending Downtown Jersey City Condos

There are 80 Downtown Jersey City condos under contract waiting to close with an average listing price of $420,439 Average days on the market: 126 Days. Final sales prices of these units will not be published until they close.

Pending Downtown Jersey City Studio Condos: Currently there are no studios under contract.
Pending Downtown Jersey City 1 Bedroom Condos: 36 condos under contract an average listing price of $315,403. 120 days on the market.
Pending Downtown Jersey City 2 Bedroom Condos: 38 condos under contract with an average listing price of $476,384. 132 days on the market.
Pending Downtown Jersey City 3+ Bedroom Condos: 6 condos under contract with an average listing price of $696,333. 120 days on the market.

Sold Downtown Jersey City Condos 12/1/09 to 12/31/09

32 Downtown Jersey City condos sold between 12/1/09 & 12/31/09 with average listing price of $464,249. The average sales price of these sold Downtown Jersey City condos were $436,035. Average days on the market: 95 Days

Sold Downtown Jersey City Studio Condos: No studios sold in December 2009.
Sold Downtown Jersey City 1 Bedroom Condos: 14 condos sold an average listing price of $328,220 and an averages sales price of $306,903. 92 days on the market.
Sold Downtown Jersey City 2 Bedroom Condos: 12 condos sold with an average listing price of $440,658 and an average sales price of $423,041. 79 days on the market.
Sold Downtown Jersey City 3+ Bedroom Condos: 6 condos sold with an average listing price of $799,833 and an average sales price of $763,333. 159 days on the market.

Expired Downtown Jersey City Condos

These are Downtown Jersey City condos which were on the market for sale and did not sell during the term of the listing agreement. 41 expired Downtown Jersey City condos came off of the market in the past 30 days with an average listing price of $564,502. Days on the market: 196 Days

Jersey City Waterfront Condo Update

Shore Club: 12 Active condos, 3 units under contract, 2 condos sold since 12/1/09.
A Condominiums: 5 Active condos, 0 units under contract, 1 condos sold since 12/1/09.
Mandalay on the Hudson: 13 Active condos, 3 units under contract, 1 condo sold since 12/1/09.
Gulls Cove: 10 Active condos, 0 units under contract, 1 condo sold since 12/1/09.
Fulton’s Landing: 2 Active condos, 6 units under contract, 0 condos sold since 12/1/09.
James Monroe: 8 Active condos, 1 unit under contract, 2 condos sold since 12/1/09.
Liberty Terrace: 10 Active condos, 1 unit under contract, 1 condo sold since 12/1/09.
Liberty Harbor: 7 Active condos, 0 units under contract, 1 condo sold since 12/1/09.
Portofino: 11 Active condos, 2 units under contract, 0 condos sold since 12/1/09.
Pier House: 2 Active condos, 3 units under contract, 2 condos sold since 12/1/09.
700 Grove: 12 Active condos, 0 units under contract, 0 condos sold since 12/1/09.
Montgomery Greene: 6 Active condos, 0 units under contract, 0 condos sold since 12/1/09.
Clermont Cove: 1 Active condo, 1 unit under contract, 0 condos sold since 12/1/09.
Sugar House: 1 Active condo, 0 units under contract, 1 condos sold since 12/1/09.
Waldo Lofts: 4 Active condos, 1 unit under contract, 1 condo sold since 12/1/09.
Zephyr Lofts: 5 Active condos, 0 units under contract, 0 condos sold since 12/1/09.

To see how this month’s Jersey City condo market update compares to last month’s, please visit the November 2009 Jersey City condo market update.

Recent Posts:

Top 5 Jersey City Luxury Properties

Walter Burns — Sun, 20 Dec 2009 00:37:29 +0000

I was recently searching the Jersey City real estate market for a customer looking to purchase a high end property. She asked me which Jersey City condos and condo buildings take your breath away when you walk inside. Below is the list of the Top 5 Jersey City luxury properties (in no particular order) which I compiled for her.

Top 5 Jersey City Luxury Condominiums

The Condos at 77 Hudson

1. The Condos at 77 Hudson in Jersey City

77 Hudson St. Unit 3704 in Jersey City. This 3 bedroom, 2 bath condo features 1,880 sq.ft. of living space with New York City and Hudson River views. 77 Hudson features floor to ceiling glass windows and European designed kitchen and baths. Plus, you get 44,000 sq.ft. of common amenities including a fitness center, large outdoor pool, resident’s lounge, screening room, & concierge/doorman services. Asking price: $1,616,000.

The Beacon Condos

2. The Mercury Lofts at the Beacon in Jersey City

20 Beacon Way Unit 1401/1402 in Jersey City. The Mercury Lofts at the Beacon are quite amazing. This 5,949 sq.ft. Art Deco loft condo occupies an entire floor and features 13 ft ceilings with over 19 windows with New York City views. An owner can easily design the space to their liking by adding separate bedrooms or leaving the space entirely open for a true loft feel. Common building amenities include an indoor pool & spa, fitness center, spa services, game room & screening room to name a few. Asking price: $2,140,000.

The Sugar House Condos

3. The Sugar House Condos in Jersey City

174 Washington St. Unit PHA in Jersey City. I have always loved the Sugar House since it was built about 8 years ago. The former sugar factory in the Paulus Hook section of downtown Jersey City was transformed into beautiful loft condos. The finishes in the building are some of the finest I have seen. This 2 bedroom, 2 bath Penthouse condo features 1,800 sq.ft. of interior space plus an 1,850 sq.ft. outdoor terrace with beautiful New York City views. Common building amenities include a concierge/doorman, on-site fitness center & garage parking. Asking price: $1,499,000.

Crystal Point Condos

4. Crystal Point Condos in Jersey City

2 2nd St. Unit 4201 in Jersey City. Very few buildings in downtown Jersey City can say that they have unobstructed views of New York City. Crystal Point is one of them. The building is built on the banks of the Hudson River. New York City feels like you can reach across the Hudson River and touch it! This 3 bedroom, 2.5 bath, 1,817 sq.ft. condo faces both North looking up the Hudson towards the George Washington Bridge & east directly at Manhattan. The condo features modern finishes in the kitchen and baths & floor to ceiling glass windows. Common amenities include an outdoor pool, valet car service, fitness & lifestyle center, screening room, and a game room. Asking price: $1,850,000.

Trump Plaza Jersey City

5. Trump Plaza Jersey City

88 Morgan Street Unit PH24 in Jersey City. Wouldn’t it be nice to live at the top of the highest residential high-rise in NJ? This 2 bedroom, 2 bath, 1500 sqft. condo on the Penthouse floor features direct east view of New York City, from the George Washington Bridge to the Verrazano Bridge. Trump Plaza Jersey City also offers spectacular common amenities including a concierge, doorman, salt water outdoor pool, resident’s lounge, business center, private dining room & kitchen facilities for parties, virtual golf simulator, and on-site spa. Asking price: $1,050,000.

If you have any questions about these Jersey City condos, feel free to contact me, Walter Burns or leave a comment below.

Recent Posts:

Jersey City Condo Market Update November 2009

Walter Burns — Sat, 05 Dec 2009 22:57:07 +0000

Below is the Jersey real estate market update for condominium sales for November 2009 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

There are 285 Active Jersey City condos for sale with an average listing price of $538,749. Average days on the market: 100 Days

Since November 1st, 75 new Jersey City condos came on the market for sale with an average listing price of $561,416.

Active Downtown Jersey City Studio Condos: 7 condos for sale with an average listing price of $347,985. 120 days on the market.
Active Downtown Jersey City 1 Bedroom Condos: 108 condos for sale with an average listing price of $382,282. 100 days on the market.
Active Downtown Jersey City 2 Bedroom Condos: 139 condos for sale with an average listing price of $574,908. 101 days on the market.
Active Downtown Jersey City 3+ Bedroom Condos: 31 condos for sale with an average listing price of $964,803. 87 days on the market.

Pending Downtown Jersey City Condos

There are 83 Downtown Jersey City condos under contract waiting to close with an average listing price of $437,936. Average days on the market: 110 Days. Final sales prices of these units will not be published until they close.

Pending Downtown Jersey City Studio Condos: Currently there are no studios under contract.
Pending Downtown Jersey City 1 Bedroom Condos: 33 condos under contract an average listing price of $319,242. 100 days on the market.
Pending Downtown Jersey City 2 Bedroom Condos: 40 condos under contract with an average listing price of $462,417. 111 days on the market.
Pending Downtown Jersey City 3+ Bedroom Condos: 10 condos under contract with an average listing price of $685,333. 154 days on the market.

Sold Downtown Jersey City Condos Since 11/1/09

35 Downtown Jersey City condos sold since 11/1/09 with average listing price of $443,717. The average sales price of these sold Downtown Jersey City condos were $435,150. Average days on the market: 84 Days

Sold Downtown Jersey City Studio Condos: 1 studio condo sold. It was located at Gulls Cove. List price $349,000. Sales price $314,000. 131 days on the market.
Sold Downtown Jersey City 1 Bedroom Condos: 16 condos sold an average listing price of $374,004 and an averages sales price of $384,875. 76 days on the market.
Sold Downtown Jersey City 2 Bedroom Condos: 17 condos sold with an average listing price of $489,235 and an average sales price of $468,132. 82 days on the market.
Sold Downtown Jersey City 3+ Bedroom Condos: 1 condo sold with a listing price of $869,000 and a sales price of $800,000. 177 days on the market. It was located at 212 Washington St.

Expired Downtown Jersey City Condos

These are Downtown Jersey City condos which were on the market for sale and did not sell during the term of the listing agreement. 27 expired Downtown Jersey City condos came off of the market in the past 30 days with an average listing price of $530,162. Days on the market: 166 Days

Jersey City Waterfront Condo Update

Shore Club: 14 Active condos, 1 unit under contract, 4 condos sold since 11/1/09.
A Condominiums: 6 Active condos, 1 units under contract, 1 condos sold since 11/1/09.
Mandalay on the Hudson: 16 Active condos, 2 units under contract, 1 condo sold since 11/1/09.
Gulls Cove: 10 Active condos, 1 units under contract, 2 condo sold since 11/1/09.
Fulton’s Landing: 4 Active condos, 4 units under contract, 1 condo sold since 11/1/09.
James Monroe: 9 Active condos, 3 units under contract, 1 condo sold since 11/1/09.
Liberty Terrace: 9 Active condos, 2 units under contract, 0 condos sold since 11/1/09.
Liberty Harbor: 6 Active condos, 2 units under contract, 0 condos sold since 11/1/09.
Portofino: 11 Active condos, 1 unit under contract, 2 condos sold since 11/1/09.
Pier House: 4 Active condos, 3 units under contract, 1 condo sold since 11/1/09.
700 Grove: 8 Active condos, 0 units under contract, 0 condos sold since 11/1/09.
Montgomery Greene: 4 Active condos, 1 unit under contract, 0 condos sold since 11/1/09.
Clermont Cove: 1 Active condo, 1 unit under contract, 0 condos sold since 11/1/09.
Sugar House: 2 Active condos, 1 unit under contract, 0 condos sold since 11/1/09.
Waldo Lofts: 6 Active condos, 1 unit under contract, 0 condos sold since 11/1/09.
Zephyr Lofts: 5 Active condos, 0 units under contract, 0 condos sold since 11/1/09.

****The above data may not reflect all of the units that may be available or that have sold in downtown Jersey City. Inside sales offices in new construction downtown Jersey City condo buildings like Gulls Cove, Trump Plaza, Crystal Point, and 77 Hudson do not list and report all of their sales through the Hudson County MLS.

To see how this month’s Jersey City condo market update compares to last month’s, please visit the October 2009 Jersey City condo market update.

Recent Posts: