2017 Jun 2nd

The Hoboken & Downtown JC Open House Google Map for Saturday, June 3rd & Sunday, June 4th,  2017

The Original and Best Open House Google Map!

Courtesy of the Turoff Realty Team

No need to register! No form to fill out!

Just click on the map below to see every Open House in Hoboken this weekend.

 hoboken-open-house

Click HERE to see the Downtown Jersey City Open House Map

When you look at the maps, place markers are color coded:

  • Studios & 1BRs are red
  • 2BRs are green
  • 3BRs & Bigger are yellow
  • New listings are marked with a Push Pin icon (in the same color scheme.)

Click the “Address”, “Price” “Bed” or “Details” columns to sort the list of open houses in ascending or descending order.

Click on the location marker for:

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Posted by Nathan Turoff | Currently No Comments »

2017 May 31st

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of May 31st, 2017

To see live links to these listings, please complete this little form and you will be redirected to the same page with clickable links:

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As of May 31, 2017:

  • 184 active Hoboken listings
  • 138 Condo & Co-op listings, compared to 147 last week
  • 31 Single-family listings, compared to 32 last week
  • 15 Multi-family listings, compared to 17 last week

 

This Week’s Residential Property Sales & Activity:

  • 16 DABOs (Deposit Accepted By Owner and Under Contract) vs 12 last week
  • 9 Sold vs 21 last week
  • 18 New listings vs. 40 last week
  • 3 Price changes vs. 15 last week
  • 0 expired listing vs. 0 last week

 

Studio & 1-Bedroom Properties

34 Active listings

5 New listings

1 Price change

7 DABOs

  • 709 Adams St., 1 listed May 16 for $369K;
  • 601 Monroe St., 1B listed April 28 for $395K;
  • 700 1st St., 13L listed May 25 for $559K;
  • 800 Jackson St., 605 listed May 8 for $585K;
  • 1000 Hudson St., 401 listed May 3 for $619K;
  • 1200 Grand St., 301 listed May 16 for $725K;
  • 1125 Maxwell Ln., 416 listed Mar 2 for $989K; reduced Mar 28 to $969K; reduced May 5 to $939K;

2 Sold

  • 533 Monroe St., 3A listed Feb 24 for $349K; sold for $384K;
  • 831 Clinton St., 2O listed Mar 30 for $420K; sold for $415K;

 

2-Bedroom Properties

67 Active listings

9 New listings

2 Price changes

7 DABOs

  • 509 Madison St., 3C listed May 12 for $545K;
  • 700 1st St., 3G listed May 18 for $750K;
  • 700 1st St., 19G listed May 1 for $750K;
  • 1021 Grand St., 4E listed May 9 for $775K;
  • 7 Willow Terr., listed May 18 for $799K;
  • 109 Grand St., 401 listed May 2 for $869K;
  • 904 Jefferson St., 6E listed May 18 for $949K;
4 Sold
  • 253 10th St., 3L listed Mar 9 for $649K; sold for $665K;
  • 812 Grand St., 507 listed Mar 15 for $699K; sold for $720K;
  • 700 1st St., 9RS listed April 6 for $700K; sold for $740K;
  • 107 Jackson St., 1 listed Mar 16 for $849K; sold for $850K;

 

3-Bedroom & Larger Properties

37 Active listings

4 New listings

0 Price changes

15 Multi-Family Active listings

31 Single-Family Active listings

2 DABOs

  • 710 Bloomfield St., listed Nov 11 for $2.195M; reduced Nov 29 to $1.995M; reduced Dec 14 to $1.895M; reduced Feb 16 to $1.845M; reduced Mar 27 to $1.799M; reduced April 21 to $1.775M;
  • 1232 Bloomfield St., listed Mar 7 for $2.199M; reduced May 15 to $2.0M;

3 Sold

Posted by Nathan Turoff | Currently No Comments »

2017 May 25th

City of Hoboken – Chapter 104: Flood Damage Prevention

This is a very interesting part of the City of Hoboken’s Municipal Code, about which many buyers, sellers, realtors, and home owners are very unaware.  It’s a plan to reduce the amount of damage done by potential future floods, a worthwhile aim for sure.  What people don’t realize is how it affects ones ability to utilize space “below grade”.  It is worth a careful read.

In a nutshell, if you are buying a brownstone to renovate, spending more than half the value of the “improvements” value of the property as listed in the tax records, you can use the space below grade (think garden level apartment, basements) ONLY as storage space.  No bathrooms, no furnace, no washer/dryer, no electric panel, no kitchen, no wet bar, no sauna, nothing.  Storage space.  Of course, your kids can play in your storage space and the City of Hoboken can’t tell you how to furnish it, but it’s not going to become an apartment for the in-laws or the nanny, no bathroom, no sink, limited electrical.

If you lose a floor below, you get to add that amount of lost space to the top of your building by way of an additional floor.  That’s what you see popping up atop brownstones all over town.  You get 40 feet above the “DFE” as of right.  If you read through the code, you’ll see what all the definitions mean.  PS – it’s most of Hoboken, even blocks that are not in the flood zone, and if even a portion of your lot – that little back corner of your garden – dips below, the entire property is subject to the rules.

If you renovate in phases, the City of Hoboken is keeping track.  The trigger point is cumulative over the course of 5 or 6 years and they tell me they are being diligent about this.  If you redo the downstairs under the financial threshold and then go back to do more renovations, they will make you rip out the downstairs work.

Think about it – now your HVAC, furnace, water heater, laundry equipment and electrical boxes must all be on the parlor floor, somewhere upstairs or on the roof.  That is a huge change in how these buildings have been configured for centuries.  Sometime, even the parlor floor is not high enough!  When that happens, the cost effective fix is to tear down the whole house and start anew.  So much for historic preservation!

Oh, and if you do have living space down below that has been grandfathered in and you don’t make any changes to it, expect the flood insurance rates to be exorbitant.  Those are set by FEMA and they are skyrocketing.

I asked, “what about all the 4 and 5 story row-house style condo buildings that have all the hot water heaters, laundry and furnaces in the basements?”.  I’m told that if one needs to be replaced, it now has to be put upstairs in the condo unit.  They will no longer allow equipment or appliances in basements, even if elevated up on blocks.

This is really a big deal.  People need to know more about it.  It is going to change the face of Hoboken.  If you live on the hill, be very happy.  If not, get educated.

Posted by Lori Turoff | Currently 38 Comments »

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