2010 May 19th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of May 18th

Bike to Work Week in HobokenHowie

It’s national bike to work week and Mayor Zimmer is now allowing city employees to bring and park their bikes inside City Hall. She also challenges all other Hoboken businesses to do the same and will feature those that do on the official Hoboken city website. There is also a new bike rack at the PATH although we could use way more (and how about some uptown?) and I have heard that more bike lanes are on the way. Maybe making Hoboken more bike friendly will help lessen our traffic problems and make it a more desirable place to live.

Hoboken Condos Sales & Activity – Week of May 18th

Here are this week’s numbers vs. last week:

Studio & 1 Bedroom Hoboken Condos:

15 new listings

214 total active

6 Dabos

5 Sold

15 price reductions

Two Bedroom Hoboken Condos:

16 new listings

270 total listings.

6 Dabos

9 sold

25 price reductions

Three Bedroom and Larger Hoboken Condos:

2 new listings

63 active listings.

1 Dabo

1 sold

9 price reductions

Hoboken Condo Open Houses

If you are in the market for a Hoboken condo, our Hoboken Open House Google Map is your best source for locating every open house in Hoboken. It is the single, most complete listing available and we were the first ones to do it. We compile the information by hand from all possible sources to provide you with all the information you need in one spot. It’s posted on Friday every week.

Want to Receive New Listings & Price Reductions Daily?

If you would like to be emailed the new listings and price reductions each weekday in either 1br, 2br or 3br categories just email us at info@hobokensbest.com letting us know which size(s) you would like and we’ll add you to the daily email list.

For more information you can always contact us at 201 993 9500.

Thanks for reading and, as always, we welcome your comments!

  1. Craig

    @Homeboken – don’t fall victim to savy marketing. The closest unit in size to mine at 800 Madison is the L unit (still 53 sq. ft. smaller than mine). It is priced at “from $3260”. The “from” means you’ll never actually get one at that price and many landlords already include the free month of rent amoritized over the term of the lease to arrive at their advertised rents, so you can’t double deduct it. Oh, and did that ad forget to mention the non-refundable $500 fee for a dog the Upper Grand charges? I keep my dog for free at my condo.

  2. homeboken

    Craig – check your facts before posting next time, that’s all I am saying. You were trying to advertise rents that are $700-$900 above actual ask.

    You are pushing mis-informaton out there. You claimed that the units would be renting for > 4k upon renewal. They will in fact be renting for appx $3k (net effective). The rent/own argument is much closer than you think. It really comes down to each individuals situation.

  3. Craig

    Below is the link for the actual pricing sheet for 800 Madison effective 5/7/10 (more recent than your CL ad). 2br/2ba range in price from $2995 to $3665. That’s for 1064 – 1227 sq. ft. Then there’s the fees. Application fee – $75, administration fee – $250, pet fee – $500. Funny how their craigslist ad is missing all this info.

    http://www.uppergrand.com/content/800Madison_PriceSheet.pdf

  4. homeboken

    OK so we agree, you were $1000 off at worse, and $400 off at best.

    I just did a quick CL search, you found a more recent doc, congrats.

    Bottom line the rent/own line is closer than you thought. Only after the mortgage interest reduction do the scales tip in your favor (you stated above that you pay about 1000 less after mtg interest).

    How’s the pool at your condo?

  5. Craig

    $400-1000 off? Not quite. My more recent doc proves my info was accurate. Remember, we were comparing their units that are closest in size to mine: 1300 sq. ft. It costs $3665 for their 1227 sq. ft. K unit. It’s at least another $100 for their 1247 sq. ft. L unit, bringing it close to $3800. Even without the tax deductions I’m paying less than that. With them, it’s not even close. When you renew Upper Grand in year 2, the free month discount is gone and your rent increases, meanwhile my mortgage never changed. So how do you figure the rent/own line is closer than I thought?

    There is no pool at my condo. I did not desire one. I do not swim in public pools, as I do not enjoy bathing in other people’s urine.

  6. shortsequalmarket

    800 Madison and 1000 Jefferson have bathrooms with granite countertops, paneled doors, and subway tiles in the bathroom. Exactly the same as the owned buiding in 1100 Adams.

    Real estate had NEVER had a nationwide decline since the Great Depression. A statement that turned out to be useless for buyers in 2005-6. Now you make the same.

  7. shortsequalmarket

    Your mortgage may not change but your taxes, insurance, and HOA do. Many people have negotitated lower rents with landlords who are deperate to keep tenants. My sister did, even though her landlord had an increase in HOA.

  8. stan

    “They lack the furniture quality cherry wood vanities, waterfall fixtures, and jaccuzzi tub I enjoy”

    btw, this could be the funniest line i have seen in some time. Are there leatherbound books? Does it smell of rich mahogany?

Leave a Reply

Copyright © 2008 Hoboken Real Estate News     Login     Sitemap