2014 Oct 15th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of October 15th, 2014

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As of October 15th, 2014:

  • 185 active Hoboken listings
  • 162 Condo & Co-op listings, compared to 165 last week
  • 9 Single-family listings, compared to 9 last week
  • 14 Multi-family listings, compared to 15 last week

This Week’s Residential Property Sales & Activity:

  • 15 DABOs (Deposit Accepted By Owner and Under Contract) vs. 16 last week
  • 18 Sold vs 23 last week
  • 19 New listings vs. 17 last week
  • 10 Price changes vs. 14 last week
  • 1 expired listing vs. 1 last week

 

Studio & 1-Bedroom Properties

64 Active listings

5 New listings

1 Price change

5 DABOs

  • 63 Madison St., 4 listed June 11 for $309K; reduced Sept 29 to $295K;
  • 818 Willow Ave., 2L listed Sept 29 for $435K;
  • 659 1st St., 303 listed Oct 1 for $475K;
  • 1500 Washington St., 3T listed Sept 30 for $489K;
  • 1500 Washington St., 3N listed Oct 13 for $525K;

6 Sold

  • 729 Washington St., 1L listed July 14 for $320K; sold for $313K;
  • 79 Monroe St., 2RS listed Mar 19 for $359K; sold for $355K;
  • 108 Jackson St., 2C listed June 11 for $459K; sold for $452K;
  • 203 14th St., 1B listed July 11 for $530K; reduced Aug 3 to $500K; sold for $475K;
  • 659 1st St., 204 listed July 8 for $475K; sold for $475K;
  • 600 Hudson St., 4B listed Aug 28 for $595K; sold for $590K;

 

2-Bedroom Properties

74 Active listings

9 New listings

5 Price changes

8 DABOs

  • 401 Monroe St., 5 listed Sept 2 for $350K;
  • 700 1st St., 13T listed Sept 13 for $550K;
  • 518-520 Monroe St., 2B listed May 27 for $595K; reduced July 30 to $585K; reduced Aug 2 to $580K; reduced Sept 12 to $560K;
  • 920 Jefferson St., 406 listed Sept 23 for $605K;
  • 223 Clinton St., 101 listed Oct 1 for $669K;
  • 325 Willow Ave., 2B listed Sept 4 for $799K;
  • 501 9th St., 611 listed Sept 30 for $849K;
  • 89-91 Jefferson St., 4B listed Oct 3 for $869K;
12 Sold
  • 63 Madison St., 3 listed April 29 for $329K; sold for $315K;
  • 322 Grand St., 4L/7 listed May 9 for $439K; reduced Jun 23 to $425K; sold for $418K;
  • 1112 Park Ave., 2L listed June 3 for $475K; sold for $464K;
  • 627 Madison St., 4C listed April 3 for $509K; sold for $494K;
  • 551 Observer Hghwy., 11E listed Aug 5 for $545K; sold for $545K;
  • 812 Grand St., 313 listed July 22 for $595K; sold for $576K;
  • 602 Willow Ave., 4 listed Aug 27 for $575K; sold for $581K;
  • 92 Madison St., 5B listed Aug 1 for $740K; reduced Aug 5 to $700K; reduced Aug 14 to $655K; sold for $655K;
  • 452 2nd St., 1 listed July 23 for $700K; sold for $712K;
  • 509 Garden St., 1 listed July 14 for $679; sold for $715K;
  • 1500 Washington St., 9F listed June 20 for $875K; reduced July 15 to $865K; sold for $850K;
  • 1025 Maxwell Ln., 1104 listed July 29 for $1.395M; sold for $1.350M;

 

3-Bedroom & Larger Properties

24 Active listings

5 New listings

4 Price changes

14 Multi-Family Active listings

9 Single-Family Active listings

2 DABOs

  • 456 9th St., 40 listed Oct 1 for $914K;
  • 1025 Maxwell Ln., 601 listed Oct 9 for $2.280M;

0 sold

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Posted by Nathan Turoff | Currently 5 Comments »

2014 Oct 10th

The Hoboken & Downtown JC Open House Google Map for Saturday, October 11th & Sunday, October 12th, 2014

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:

Posted by Nathan Turoff | Currently No Comments »

2014 Oct 9th

HOBOKEN YARDS REDEVELOPMENT PLAN & WASHINGTON STREET REDESIGN PRESENTED AT SPECIAL CITY COUNCIL MEETING

The Hoboken City Council held a special meeting on Wednesday, October 8, 2014 at 7:30pm for the presentation of the Hoboken Yards Redevelopment Plan and the Washington Street redesign conceptual plan. No action will be taken by the Council at the meeting.

Following an extensive community-driven design process that included multiple public meetings and stakeholder groups, the City conducted an updated economic analysis and incorporated post-Sandy flood mitigation measures as well as feedback from the community and the City Council in creating the revisions to the City of Hoboken’s proposed Redevelopment Plan.

In 2012, the City of Hoboken created a draft plan with 2 million square feet of development. The plan being introduced is a revision to that plan and calls for up to 2.3 million square feet of development with LEED Gold incentives.

“There’s been a lot of discussion about this plan over the years,” said Mayor Dawn Zimmer. “In 2008, a prior Administration and NJ Transit proposed a 9 million square foot project featuring a 70-story tower. I strongly opposed that project because it was wrong for Hoboken. Our current proposal is an example of the kind of balanced, smart development that the people of Hoboken both want and deserve.”

The City’s revised plan calls for a baseline 2.176 million square foot mixed-use project (125,000 additional square feet of commercial space permitted if the commercial space is designed to LEED Gold standard), two-thirds of it for office space and one-quarter for residential space, with the remainder for retail space. Following Superstorm Sandy and after receiving NJ Transit’s confidential pro forma, the City determined there would be a need for some additional costs for flood damage prevention measures, among other issues. For this to be economically viable, additional office/commercial density was provided, however the residential square footage remains the same as in the draft 2012 plan.

The plan would create a true mixed-use project that will significantly diversify the local economy, support local businesses, and revitalize the Hoboken Terminal area and Observer Highway area – an essential gateway to Hoboken. It includes indoor public space, minimum requirements for 3-bedroom, family-oriented housing units, a variety of public spaces, including a pedestrian plaza at Hudson Place and Warrington Plaza and bicycle paths connecting a redesigned Observer Boulevard to the waterfront.

Since the prior draft of the plan was developed before Superstorm Sandy, the revised plan includes various flood mitigation measures including requiring the separation of the sanitary sewer and storm sewer, sewer pumps to serve the property, compliance with the City’s Flood Damage Prevention ordinance, and encouraging the construction of storm surge protection at Warrington Plaza.

Posted by Lori Turoff | Currently No Comments »

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