2017 Jan 25th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of January 25th, 2017

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As of January 25, 2017:

  • 115 active Hoboken listings
  • 93 Condo & Co-op listings, compared to 90 last week
  • 13 Single-family listings, compared to 14 last week
  • 9 Multi-family listings, compared to 12 last week

 

This Week’s Residential Property Sales & Activity:

  • 17 DABOs (Deposit Accepted By Owner and Under Contract) vs 8 last week
  • 15 Sold vs 17 last week
  • 22 New listings vs. 21 last week
  • 4 Price changes vs. 2 last week
  • 0 expired listings vs. 3 last week

 

Studio & 1-Bedroom Properties

33 Active listings

8 New listings

2 Price changes

5 DABOs

  • 116 Adams St., 1 listed Jan 11 for $299K;
  • 222 Monroe St., 2RS listed Jan 2 for $450K;
  • 818 Jefferson St., 3C listed Jan 12 for $525K;
  • 659 1st St., 303 listed Nov 29 for $535K; reduced Dec 15 to $527K;
  • 1500 Washington St., 7J listed Jan 13 for $610K;

6 Sold

  • 203 Washington St., 201 listed Nov 17 for $329K; sold for $340K;
  • 159 Newark St., 1B listed Nov 17 for $495K; sold for $525K;
  • 1450 Washington St., 215 listed Sept 23 for $679K; sold for $672K;
  • 1100 Maxwell Ln.,905 listed Nov 1 for $925K; sold for $920K;
  • 98 Park Ave., 3C listed Dec 9 for $998K; sold for $998K;
  • 1125 Maxwell Ln., 1202 listed Oct 26 for $980K; sold for $999K;

 

2-Bedroom Properties

34 Active listings

8 New listings

No Price changes

7 DABOs

  • 358 6th St., 3L listed Jan 6 for $469K;
  • 805 Park Ave., 1R listed Jan 4 for $479K;
  • 708 Garden St., 3 listed Jan 17 for $575K;
  • 610 Newark St., 6E listed Jan 12 for $599K;
  • 517 Jackson St., 302 listed Oct 5 for $645K;
  • 830 Monroe St., 2J listed Jan 13 for $825K;
  • 2 Constitution Ct., 1206 listed Oct 14 for $$2.10M;
8 Sold
  • 809 Washington St., 5L listed Nov 6 for $499K; sold for $490K;
  • 551 Observer Hghwy., 6D listed Dec 1 for $695K; sold for $680K;
  • 600 Hudson St., 1D listed Dec 1 for $825K; sold for $850K;
  • 830 Monroe St., 3E listed Oct 12 for $869K; sold for $859K;
  • 224 Bloomfield St., 11 listed Nov 18 for $869K; sold for $869K;
  • 213 Clinton St., 2 listed Oct 13 for $900K; sold for $905K;
  • 800 Jackson St., PH3 listed Sept 14 for $999K; sold for $995K;
  • 1500 Hudson St., 5H listed Oct 31 for $1.299M; sold for $1.325M;

 

3-Bedroom & Larger Properties

26 Active listings

6 New listings

2 Price changes

9 Multi-Family Active listings

13 Single-Family Active listings

5 DABOs

  • 65 Jefferson St., 4 listed Jan 13 for $739K;
  • 64 Jefferson St., B listed Jan 6 for $1.40M;
  • 1037 Clinton St., listed Jan 15 for $1.70M;
  • 126 Bloomfield St., 2 listed Mar 2 for $2.50M; reduced Jun 14 to $2.499M:
  • 2 Constitution Ct., 403 listed Nov 21 for $2.799M;

1 Sold

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Posted by Nathan Turoff | Currently 2 Comments »

2017 Jan 19th

AirBnB at Marine View Towers?

I wrote about some of the issues raised by AirBnB’s proliferation in Hoboken the other day.  Today, while at a photo shoot with a tenant, she mentioned that when her parents were here from Europe, they stayed for the week at an AirBnB at Marine View Towers.  Marine View is supposed to be, and I believe was constructed as, subsidized housing for middle income residents.   I’m no expert in HUD or how they were funded or who owns them now but I do know this – they are not paying property taxes equivalent to what market rate buildings pay.  The units there rent for extremely low prices.  I have acquaintances who have a 2 bedroom with a balcony and NYC views for under $1,200 a month – including parking, heat and hot water and a pool.  So I did a quick search on AirBnB and sure enough, there are people subletting their rental apartments  at Marine View for $165 a night.

Screenshot 2017-01-19 12.23.14

Is this even allowed in this building?  Should it be?  Is there some inherent unfairness about taking advantage of subsidized housing at the expense of the city’s coffers and on the backs of other property paying owners only to turn it around and personally profit from the situation?  I don’t know about you but this just rubs me entirely the wrong way.

Posted by Lori Turoff | Currently 12 Comments »

2017 Jan 18th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of January 18th, 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 January 18, 2017:

  • 116 active Hoboken listings
  • 90 Condo & Co-op listings, compared to 85 last week
  • 14 Single-family listings, compared to 14 last week
  • 12 Multi-family listings, compared to 9 last week

This Week’s Residential Property Sales & Activity:

  • 8 DABOs (Deposit Accepted By Owner and Under Contract) vs 4 last week
  • 17 Sold vs 17 last week
  • 21 New listings vs. 23 last week
  • 2 Price changes vs. 2 last week
  • 3 expired listings vs. 1 last week

Studio & 1-Bedroom Properties

31 Active listings

7 New listings

1 Price change

6 DABOs

  • 130 Madison St., 5 listed Aug 19 for $299K; reduced Dec 2 to $280K;
  • 231 Grand St., 5R listed Dec 9 for $380K; reduced Dec 21 to $367K;
  • 222 Monroe St., 2RS listed Jan 2 for $450K;
  • 203 14th St., 2B listed Jan 10 for $499K;
  • 463 1st St., 6D listed Jan 3 for $510K;
  • 1450 Washington St., 620 listed Dec 12 for $925K;

5 Sold

  • 116 Adams St., 6 listed May 10 for $365K; sold for $345K;
  • 308 Monroe St., 3R listed Oct 22 for $365K; sold for $355K;
  • 809 Willow Ave., 4R listed Dec 7 for $439K; sold for $460K;
  • 222 Grand St., 4H listed Nov 4 for $498K; sold for $517K
  • 901 Garden St., 1 listed Nov 15 for $679K; sold for $699K;

2-Bedroom Properties

32 Active listings

8 New listings

No Price changes

1 DABO

  • 708 Garden St., 3 listed Jan 17 for $575K;
5 Sold
  • 803 Willow Ave., 4N listed Nov 4 for $485K; sold for $499K;
  • 253 10th St., G2 listed Oct 14 for $599K; sold for $599K;
  • 551 Observer Hghwy., 4E listed Sept 16 for $625K; sold for $610K;
  • 551 Observer Hghwy., PHD listed Nov 6 for $750K; sold for $700K;
  • 213 Monroe St., 1 listed Oct 4 for $900K; reduced Oct 20 to $879K; sold for $875K;

3-Bedroom & Larger Properties

27 Active listings

6 New listings

0 Price changes

12 Multi-Family Active listings

14 Single-Family Active listings

1 DABO

  • 401 Jefferson St., 3W listed Jan 5 for $1.629M;

7 Sold

Posted by Nathan Turoff | Currently No Comments »

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