2017 Nov 29th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of November 29th, 2017

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As of November 29, 2017:

  • 178 active Hoboken listings
  • 148 Condo & Co-op listings, compared to 159 last week
  • 19 Single-family listings, compared to 22 last week
  • 11 Multi-family listings, compared to 12 last week

This Week’s Residential Property Sales & Activity:

  • 5 DABOs (Deposit Accepted By Owner and Under Contract) vs 16 last week
  • 8 Sold vs 22 last week
  • 14 New listings vs. 19 last week
  • 4 Price changes vs. 13 last week
  • 0 expired listings vs. 3 last week

Studio & 1-Bedroom Properties

46 Active listings

3 New listings

1 Price change

2 DABOs

  • 223 Bloomfield St., PHE listed Oct 10 for $560K;
  • 1100 Maxwell Ln., 1205 listed Nov 15 for $889K;

0 Sold

2-Bedroom Properties

59 Active listings

8 New listings

1 Price change

3 DABOs

  • 212 Adams St., 1 listed Nov 16 for $569K;
  • 117 Harrison St., 3A listed Oct 16 for $1.025M; reduced Nov 13 to $999K;
  • 89 Jefferson St., 4B listed Nov 15 for $1.0M;
7 Sold
  • 80 Madison St., 7 listed Sept 18 for $496K; sold for $490K;
  • 608 Grand St., 3 listed Sept 7 for $490K; sold for $500K;
  • 650 1st St., 2 listed Sept 13 for $525K; sold for $533K;
  • 1110 Park Ave., 5R listed Aug 3 for $619K; reduced Aug 3 to $600K; sold for $597K;
  • 812 Garden St., 2 listed Oct 12 for $699K; sold for $720K;
  • 65 Jefferson St., 5 listed Sept 5 for $780K; sold for $737K;
  • 726 Adams St., 1A listed Sept 18 for $775K; reduced Oct 2 to $759K; sold for $759K;

3-Bedroom & larger Properties

43 Active listings

3 New listings

2 Price changes

11 Multi-family active listings

19 Single-family active listings

0 DABOs

1 Sold
  • 600 Newark St., PH 701 listed Dec 9 for $1.80M; sold for $1.725M;

Weekly Wednesday Wrap-up Archive

Click here to see the WWWU from the Week of November 22nd

Click here to see the WWWU from the Week of November 15th

Click here to see the WWWU from the Week of November 8th

Click here to see the WWWU from the Week of November 1st

 

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Posted by Nathan Turoff | Currently No Comments »

2017 Nov 27th

Hoboken’s Latest Crisis – The Future of the Hoboken Waterfront

This is from The City of Hoboken website:

Mayor Zimmer and Mayor-Elect Bhalla are completely committed to moving forward with acquiring the Union Dry Dock site for public open space now that it is no longer being used by Union Dry dock as a boat repair facility.

The City is working expeditiously to complete its own appraisal and will pursue all options necessary to acquire the property from NY Waterway. The following joint letter was sent to NJ Transit and its board members to ensure that the existing NJ Transit leadership and the new Administration understand Hoboken’s clear position on this urgent matter: www.hobokennj.gov/…/Letter-Zimmer-Bhalla-Santoro-11-21-17.p….

NJ Transit has advised the City that it will be entering into an agreement with NY Waterway for the option to purchase the property. The City was also advised that NJ Transit intends to allocate $12 million in its budget for acquisition of the property.

Residents may speak at the next NJ Transit board meeting which will be on Wednesday, December 13, 2017 at 9:00am in the Board Room at NJ Transit’s Headquarters, One Penn Plaza East, Ninth Floor, Newark, New Jersey.

This is from the Fund for a Better Waterfront website:

Last Thursday, the City of Hoboken announced the distressing news that a subsidiary of NY Waterway had acquired Union Dry Dock for $11.5 million with the intention of using the property as a repair facility for its ferry fleet. That same day, New Jersey Transit advised the City that it will be entering into an agreement with NY Waterway for the option to purchase the property.

At the July 5, 2017 Hoboken City Council meeting, the Fund for a Better Waterfront (FBW) submitted a petition with 2,174 signatures asking the City to secure the property at Union Dry Dock as public park space. Citizens and community groups from all over Hoboken joined FBW to express their support for connecting this important missing link in Hoboken’s waterfront park. FBW initiated the petition drive due to the lack of political will by the City to make Union Dry Dock a priority in its open space planning.

Five years ago, NY Waterway and New Jersey Transit announced plans to carry out the same troubling proposal, including refueling of the ferries and parking for NY Waterway shuttle buses. This new refueling/repair facility would have operated within a stone’s throw of thousands of units of new residential development at Hoboken’s north waterfront. At that time, Mayor Zimmer, joined by FBW, Stevens Institute and neighborhood residents, called and wrote to the Governor, the New Jersey Transit Executive Director and the Commissioner of the New Jersey Department of Transportation vehemently opposing this proposal.

This concerted effort was successful. In October 2012, New Jersey Transit Executive Director James Weinstein wrote to the Mayor stating: “this is to confirm that New Jersey Transit is no longer exploring the acquisition of the Union Dry Dock property nor does the agency anticipate doing so in the future.”

Nothing has changed since the protests in 2012. The current NY Waterway/New Jersey Transit proposal is still an alarmingly dreadful plan, not only because of its immediate proximity to a residential community, but because it would be a crude blemish on Hoboken’s beloved waterfront that will prohibit access to an otherwise continuous, public park for its entire length.

On November 13, 2017, the Hoboken City Council passed an ordinance that would allow the City to use eminent domain to acquire the Union Dry Dock site. Clearly, the City has waited too long to take action for New Jersey statutes have vested in New Jersey Transit the power to condemn properties for its own use and prohibit municipalities from doing the same to state land.

Unless, elected officials, business leaders, civic groups and community residents can convince our present and newly elected Governors and the Executive Director of New Jersey Transit to locate the NY Waterway facility to a more appropriate location, Hoboken will be saddled with an industrial use that will be the source of a multitude of environmental and quality of life problems. The Bayonne working waterfront would welcome such a use and be able to provide a port at a far more affordable price. Besides Bayonne, there other options that the state should consider.

FBW is working with neighborhood residents and elected officials to organize a strategy and a campaign to thwart this effort by NY Waterway and New Jersey Transit to impose this deplorable facility on a waterfront, otherwise public, that has become such a treasure to the community.

Summary

This is going to be a nasty fight and we, the Hoboken taxpayers, will probably be forced to foot the bill.  Not a good situation, no matter how you look at it.

Posted by Lori Turoff | Currently No Comments »

2017 Nov 23rd

Happy Thanksgiving, Hoboken!

To me, it’s just not Thanksgiving without Alice.  May you all have a wonderful day, fabulous meal and be thankful for what we’ve got – and for Arlo.

 

Posted by Lori Turoff | Currently No Comments »

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