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.

FacebookTwitterGoogle+Share

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:

  1. (valid email required)
  2. (required)
 

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 »

2017 Jan 16th

The Hoboken Real Estate Market At a Glance

This is informative – scroll over the bars to see the numerical values.

Posted by Lori Turoff | Currently 8 Comments »

Copyright © 2008 Hoboken Real Estate News     Login     Sitemap