2014 Dec 3rd

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of December 3rd, 2014

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As of December 3rd, 2014:

  • 131 active Hoboken listings
  • 108 Condo & Co-op listings, compared to 120 last week
  • 9 Single-family listings, compared to 10 last week
  • 14 Multi-family listings, compared to 14 last week

This Week’s Residential Property Sales & Activity:

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

Studio & 1-Bedroom Properties

47 Active listings

5 New listings

1 Price change

2 DABOs

  • 358 3rd St., 4L listed Nov 14 for $265K;
  • 1120 Hudson St., 1 listed Oct 16 for $379K; reduced Nov 3 to $369K;

6 Sold

  • 63 Madison St., 4 listed Jun 11 for $309K; reduced Sept 29 to $295K; sold for $287K;
  • 232 Madison St., 2L listed May 14 for $359K; reduced Sept 15 to $349K; sold for $345K
  • 910 Willow Ave., 3 listed Sept 29 for $409K; sold for $393K
  • 80 Park Ave., 3C listed Jun 3 for $440K; reduced Jun 23 to $420K; reduced Sept 5 to $410K; reduced Sept 23 to $390K; sold for $394K
  • 41-43 1st St., 1G listed Nov 19, 2003 for $400K; sold for $401K
  • 91 Adams St., 3 listed Jun 5 for $439K; reduced Oct 1 to $415K; sold for $403K

2-Bedroom Properties

48 Active listings

2 New listings

3 Price changes

6 DABOs

  • 708-710 Willow Ave., 3C listed Nov 22 for $325K;
  • 906 Washington St., 2 listed Oct 11 for $479K;
  • 450 7th St., 1E listed Nov 5 for $530K;
  • 380 Newark St., 2C listed Dec 1 for $549K;
  • 1108 Hudson St., 5A listed Nov 17 for $600K;
  • 117 Madison St., 2 listed Nov 29 for $649K;
8 Sold
  • 554 Observer Hghwy., 3R listed July 7 for $379K; reduced Sept 2 to $370K; sold for $355K;
  • 221 Clinton St., 2R listed Sept 23 for $469K; sold for $480K;
  • 208 Park Ave., 1R listed Oct 15 for $549K; sold for $545K;
  • 920 Jefferson St., 406 listed Sept 23 for $605K; sold for $605K;
  • 81 Jefferson St., 1 lsited Sept 17 for $674K; sold for $688K;
  • 1028 Hudson St., 2 listed Oct 9 for $699K; sold for $699K;
  • 1331 Grand St., 206 listed Sept 24 for $775K; sold for $783K;
  • 89-91 Jefferson St., 4B listed Oct 3 for $869K; sold for $925K;

3-Bedroom & Larger Properties

13 Active listings

1 New listing

0 Price changes

14 Multi-Family Active listings

9 Single-Family Active listings

3 DABOs

  • 130 Park Ave., PHB listed Oct 24 for $1.495M;
  • 1025 Maxwell Ln., 506 listed Nov 14 for $1.650M;
  • 1229 Garden St., listed Oct 15 for $2.225M; reduced Nov 6 to $2.095M;

6 sold

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Posted by Nathan Turoff | Currently No Comments »

2014 Dec 2nd

Hoboken Arts Center Coming to a Street Near You?

One of my readers kindly alerted me to a proposal which has received surprisingly little press – the Hoboken Arts Center.  In fact, if you google “Hoboken Arts Center”, nothing much comes up.  On the second page of results you’ll find an @HobokenArtsCtr twitter feed.  The posts are from 2011.  There is also a facebook page called Hoboken Arts Center, again with posts from back in 2011.  As it turns out, there is a proposal to construct a 10 or 12 story building (depending on whom you believe) at at 931 Madison, the southwest corner of 10th and Madison, current home to the  Water Music Recording Studio. Evidently, the proposal is coming back to life as I was told there was a meeting about the project last week.  I was given the following summary of the presentation from the meeting.  This is third-hand information but, according to my source, the owners and builders of 931 are proposing the following:

After a little digging, I learned that last week’s meeting was held by the Hoboken City Council Development Subcommittee. I understand they will be holding another one soon on the same topic. I suggest you reach out to the chair of the committee, Hoboken Councilman Peter Cunningham, for more information. This isn’t a meeting organized by the Mayor’s office or administration so the notices which are normally so widely dispersed were absent.  I suppose that is why only 5 residents were present.
Interestingly, if one looks at the website of the project architect there is yet another description of the Center:

The Water Music Arts Center

The Hoboken Arts Center is a mixed-use 10 story cultural facility integrating art galleries, a public theater, recording studios, educational facilities, commercial catering facilities and an outdoor promenade into a 4-story public base while supporting six floors of private residential condominiums in the building’s upper section. Indoor parking is provided below grade.

In 2008, the project was unanimously awarded City Council approval and currently awaits a public reading for the expansion of its program.

Notice the fifth photo – it clearly shows a very stark-looking tower, very out of character with Hoboken’s classic architectural style, and soaring over its neighbors. Something to pay attention to, people.  Especially if you live on the west side of town.

Posted by Lori Turoff | Currently 6 Comments »

2014 Nov 27th

Happy Thanksgiving, Hoboken!

stevens

 

Thank you to whomever took this awesome photo!  Would give you credit if I knew who you were.

We are so fortunate in so many ways.  We live in one of the best places on Earth!  The USA, the Northeast, New Jersey! and Hoboken.  What could be that?  Very, very few places offer so much opportunity, safety, and enjoyment.  Our community just keeps growing stronger, thanks to the involvement of all of you.  The Turoff Team is thankful to each and every one of you for your interest in what we have to say and your trust in us when it comes to one of the biggest financial decisions of your lives.  We love what we do and thank you for letting us help you.

snow

 

We are buried under about 2 feet of snow in Upstate NY.  Velvet loves it!  I hope each and every one of you are with friends and family and enjoy this special holiday.  Eat too much, drink too much, and laugh a lot.  Happy Thanksgiving, y’all!

Posted by Lori Turoff | Currently No Comments »

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