Another area in the suburbs we like is Rutherford, NJ, a quiet and peaceful place for you and your family and only minutes to NYC and the other metro areas of Northern NJ. For you partiers out there, Rutherford is a B.Y.O.B town with plenty of great restaurants and landscape to enjoy. 

One very big asset for Rutherford is its direct public transportation system into Manhattan which takes about 15 minutes from door to door via NJ Transit. Historically, Rutherford has a quiet real estate market with limited availability, thus, fewer monthly sales than other markets with more inventory. That being said, recognizing the low inventory, sales are not reaching the level they need to in order to drive down inventory.

To view all homes for sale in Rutherford CLICK HERE. Be sure to fill in your desired criteria using our customized search tool. Contact us at 877-688-7582 to set up a showing appointment or follow the showing instructions on each individual listing in your search.

Prices are down about 18% since its peak have average sales prices have slid since the start of 2010. During the second half of 2009, the average price of a home sold in Rutherford bounced around $425,000. Since February 2010, the average price of a home sold in Rutherford is bouncing around $375,000. Currently there is a home under contract for $1,250,000 that should drive up the average sales price in July or August, but we anticipate that the average will set below $400,000 throughout 2010 until inventory is absorbed at a faster pace. Let’s look at the most recent month of June.

.

Rate of Absorption: An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales. Based on the figures above, the absorption rate remains high in Rutherford. Hopefully the 18 homes under contract close in July to lower the rate of absorption. Sellers being pressured with lowering prices will likely conceed a little more to buyers if they are motivated.

To check out a full statistic report on Rutherford real estate CLICK HERE. This report will show month over month and year over year comparisons of sales volume and average selling prices.

If you are looking to buy or sell a home in Rutherford, we would value an opportunity to meet and discuss your options. We can provide you the due diligence to assist in your decision in the housing market. You can e-mail us or call me direct at 877.688.7582

With an occupancy rate of nearly 100% over the last 12 years, these 4-Family Homes present a perfect opportunity for any homeowner or investor.  Due to the current owner being an owner occupant, he has taken tremendous care to preserve the utmost value for these homes located in the beautiful historic district of Morristown, NJ.

55 Wetmore Avenue $579,000

A four-family house consisting of four 1BR/1BA apartments. These units are very easy to rent. The building has had a near 0% vacancy rate over the past 12 years. Located in the Historic District of Morristown on the dead-end section of a quiet residential street. Within walking distance of the Morristown Green, the train station, the Community Theater and the best shops and restaurants in town. Quick access to major highways. Each apartment has a private front and back entrance, back patio and separate utilities. The current average rent is $1096/month with the tenant paying both gas and electric.

$52,620 Rental Income
$12,504 Property Taxes
$1,776 Hazard Insurance
$1,362 Utilities (water & sewer)
$36,978 Net Operating Income
All Units separately metered (tenants pay)
New vinyl windows 1993
New 300 amp electric service 1999
New back porch and staircase 2000
All units renovated 1993-1996

50 Western Avenue  $899,000

A four-family house consisting of two 2BR/1BA apartments downstairs and two 4BR/2BA apartments upstairs. Located in the center of town, just one block from the Morristown Green. Within walking distance of the train station, the Community Theater and the best shops and restaurants in town. The backyard borders a wooded National Park and the yard is meticulously landscaped. Each apartment has a private front and back entrance, back patio or deck and separate utilities. Tenants pay gas and electric.

5700 Total Square Feet.
Built 1911
$99,600 Rental Income (assume $2,000/month for owner occupied unit)
$18,861 Property Taxes
$2,473 Hazard Insurance
$4,242 Utilities (water & sewer)
$74,024 Net Operating Income
All Units Separately metered gas/electric (tenant pays)
New Vinyl Windows 1998 and 2002
New 300 amp electric service 1999
ALL UNITS and exterior completely renovated from 2001 – 2004

If you are looking for the best of the best townhome living in Hoboken, let us give you a private tour of the luxury living.  Maxwell Place Townhomes are selling surpisingly well and nearly half of the townhomes are sold.  Toll Brothers is expected to have a price increase later this year.  Our brokerage has several of the Maxwell inventory listings.  Ask us for a showing today.

Where can you find over 2,700 sq ft of living space, covering 3 Floors, looking directly at Mid-town Manhattan?  One of the most exclusive luxury complexes in New Jersey and the finest of Hoboken real estate- Maxwell Place on the Hudson.

Most of us here know about Maxwell Place, but we’re not sure how many know of the 10 exclusive townhomes they’ve developed on the Eastern side of the 1125 building.

Starting just under $2.2MM and going up over $2.7MM these are, no doubt, some of the most unique homes currently on the market.  Until recently, the main option to purchasing a condo in Hoboken would have been a Brownstone.  While they can be gorgeous and offer the feeling of a house in an urban environment they have several drawbacks.  Typically brownstones don’t offer parking, views or amenities.  Maxwell’s townhomes offer upscale, luxury living w/the feel of a single family home – indoor parking for each unit, access to all the Maxwell Place amenities, private entrances and that all important full-on view of NYC enjoyed from every room in each home.  You can’t help but be overwhelmed by the 2 story bay window in the main living space making the most of the view.

Each home is currently a shell, waiting for it’s buyer to choose what they ultimately want their home to look like. (Toll Brothers offers 3 different finish packages to choose from).  So far 2 of the homes are spoken for, but that leaves several 2 and 3 bedroom homes left.

Let us know if you have questions or interest in seeing one of these remarkable homes.  These are exclusive homes for sale and not offered on the Multiple Listing Service.  To inquire about these units, please contact us via phone or e-mail so we can get your critiria and give you an availability report with an opportunity to set up a viewing appointment.

All other condos for sale at 1125 Maxwell Place

Riva Pointe on the Gold Coast of Weehawken, NJ provides all of that and then some, including not only the finest interior specifications, but turn key amenities.  Parking?  Fitness?  Serenity?  Got it, and it’s included. 

Designed to give homeowners the most tranquil, secure, and convenient location, Riva Pointe is accessed by its 24 hour guarded entry, monitored video surveillance, and secure, street-level parking garage. Fitness and health enthusiasts will appreciate the privacy of Riva Pointe’s heated, indoor swimming pool, convenient fitness equipment, and saunas.  If you are a boater, enjoy being only seconds away from Lincoln Harbor Marina, a 250 slip amenity.

View all Riva Pointe Condos For Sale

Located steps from the Lincoln Harbor Ferry service, homeowners and tenants can enjoy 8 minute convenience to midtown Manhattan, or opt to take additional mass transit anywhere they want to go. 

If you would like an exclusive tour inside of Riva Pointe or are looking for additional information on any of the condos for sale, please contact us immediately, and we will promptly handle your request.

 

One of the more beautiful developments, Harborside Lofts is an extension of Toll Brother’s coveted Hoboken Hudson Tea complex.  Toll transformed this original Hudson Tea Factory building into what it is today.  With 13’ ceilings and all the amenities a luxury building could offer – 24 hr concierge, PATH Shuttle, parks with children’s playground, fitness center and much more. 

View Available Harborside Lofts for sale and Rentals

Browse all Northern NJ Lofts for sale

The appliance package alone is one of the best we’ve seen, includes names like Viking, Sub-Zero, Miele and Bosch.  Many of the original home owners had the option to purchase private roof-top terraces.  The ones who decided against it, can enjoy the common terrace on the south-east side of the roof offering sweeping views of Manhattan, Jersey City and Hoboken. (View all Lofts for sale on Gold Coast below slideshow)

If you are looking for NJ Lofts for sale, don’t cheat yourself without seeing Harborside Lofts.  Located in Northern Hoboken at Washington and 14th St., you can enjoy the proximity to the NY Waterway Ferry Service at the end of the block, Fine dining of all types, world reknown nightlife, and of course New York City.

If you are interested in setting up a showing appointment, please contact Scott, our Harborside Lofts expert for a one-on-one tour of any condos for sale in the building.  New Jersey Real Estate Guys would value an opportunity to earn your business.

Browse all Northern NJ Lofts for sale

Library Hall Lofts consist of floorplans with 9-16 foot ceilings, exposed brick, hardwood floors, and oversized 8 foot windows flooding your home with natural sunlight.  Cook in style with your custom kitchen featuring a quartz countertop, stainless steel appliances, custom cabinets with self-closing drawers and underneath lighting.  Enjoy panoramic NYC views from the common roofdeck. (View all lofts for sale on the NJ Gold Coast below slideshow)

View all available Lofts for sale in Library Hall Lofts

Located on Grand Street in the Journal Square section of Jersey City, NJ, Library Hall Lofts is conveniently located within just a block to the PATH station which gives you super convenience into Manhattan.  Another nice factor of Library Hall Lofts is the affordability of units.  Priced today at under $340 per square foot, you can have New York City style lofts for a fraction of the price.  New Jersey Real Estate Guys are your specialists for Jersey City condos for sale

Monthly HOA dues run about $300 on average and include all normal common charges and water.

If you are interested in booking a showing appointment for any available units in Library Hall Lofts, please contact us and we will be happy to work around your schedule. 

 

Of the 102 residential lofts and condos, there are a mixture of Studio, 1 and 2 bedroom units ranging from 800 – 1,800 square feet.  In a studio loft, get the true artist-living feeling.  For a little more space,  live in luxury in a 1 bedroom loft with a separate office designed in the floorplan.  For those that want to pay a little more, how about a 2 bedroom penthouse with terrace.  Many units have terraces/balconies and the building is fully equipped with underground parking and bicycle storage.   (View all lofts for sale on NJ Gold Coast below slideshow)

View ZEPHYR LOFTS Condos For Sale & Rentals

Browse all Northern NJ Lofts for sale

Within a 10-15 minute walk you can be at the NY Waterway’s Ferry Service, PATH Trains that run you straight into Manhattan in minutes, and the Hudson Bergen Light Rail system from the main Hoboken Terminal or Hoboken’s 2nd Street station.  Drivers are less than minutes to the Holland Tunnel, and located adjacent to the entrance to the NJ Turnpike for access to Newark International Airport, I-95 and many other great travel routes.

Zephyr Lofts chic lobby built out of limestone and teak will invite you as you enter the front doors of the building.  For workouts, enjoy the convenience of your in-house state of the art fitness center.  If you love to BBQ, take it out to the common landscaped courtyard with BBQ areas.

All units come with hardwood flooring throughout, ceiling height ranges of 8-18 feet, stainless steel appliances, granite kitchen countertops, custom vanity bathrooms, and central A/C and heat in every unit.

If you are interested in viewing a unit in Zephyr Lofts for purchase or rentals, please contact us today for your immediate or convenient showing.  We are your Hudson County pros and we will certainly value an opportunity to earn your business. 

Sometimes, loft apartments are one component of municipal urban renewal initiatives that also include renovation of industrial buildings into art galleries and studio space as well as promotion of a new part of the city as an “arts district.”

Along the New Jersey Gold Coast, cities such as Jersey City, Union City, Hoboken, Weehawken, West New York, Guttenburg, etc have adopted “loft” style redevelopment of older buildings.  Lofts are very popular today due to its enormous space and there are plenty of loft style condos and penthouses for sale to choose from in this area.

Click Button Below for all NJ Lofts for sale

New Jersey Real Estate Guys are the public’s preferred Gold Coast real estate agents.  If you have any questions regarding lofts for sale in northern New Jersey, or you would like to set up an exclusive showing for a loft for sale, please contact us.  We would value an opportunity to earn your business. 

If you are looking for convenience, location, yet distant enough from the crazy nightlife, try Weehawken, the neighboring city to Hoboken.  In Weehawken, it is worth having New Jersey Real Estate Guys taking you for an exclusive tour through Henley on Hudson.  Henley on Hudson is a waterfront community with all of the luxuries and amenities that one could imagine.  Looking to impress while living at H o H?  Try a 2,000 square foot 2 bedroom 3 bathroom penthouse complete with state of the art finishes, top of the line stainless steel appliances, marble, granite, floor to ceiling windows, and a sprawling balcony overlooking the Hudson River, while enjoying panoramic breathtaking views of New York City. 

How about a penthouse in Hoboken?  Maxwell Place, Hudson Tea, Hoboken W Residences….I could go on and on.  Price per square foot will range from $700 – $1,000 per square foot for such luxury living, and sometimes less the further west you go in Hoboken in buildings such as the Sky Club.  The thing about Hoboken penthouses and condos is you can walk across the street for anything you need; groceries, liquor, transportation, and anything else you could need for day to day living.

At the Hoboken W Residences, you will not only have the luxury of living in the only condo shared hotel building in New Jersey, but you will also enjoy the hotel amenities such as fine dining, retail, and entertainment just about 18 floors below you.  Wine and dine yourself in the Chandelier Room.  Wind down with a brandy snifter in the lavish hotel lounge.  Wake up in the morning and treat yourself and your mate to a massage at Bliss Spa.  Want a little tidbit on the W?  It’s part of a Port Authority PILOT program.  The real estate taxes on the condos are disproportionately cheap compared to other comparable condos.  Click on the Hoboken W link in the above paragraph to read about it.

At the Hudson Tea Building, live nextdoor to Eli Manning!  He has one of the penthouses in Hudson Tea and there is likely a reason the newly minted $100 million man chose to live there.  It’s the best.  Hudson Tea is located steps from PATH shuttle transportation and fewer steps to the NY Waterway ferry which will get you anywhere across the Hudson. 

There are plenty of other areas for penthouse living.  West New York, Jersey City, Union City, North Bergen… It just depends on your criteria for location, amenities, and well…luxury lifestyle.

If you are looking for additional information on penthouse living along the New Jersey Gold Coast, please contact Scott of New Jersey Real Estate Guys for your inquiries.  We value an opportunity to earn your business, and nobody knows luxury living in NJ’s Gold Coast the way we do.  And that’s a promise!

Waldo Lofts

Waldo Lofts is perfect for those who love big furniture since the floorplan layouts are spacious and give a true lofty feel.  Large walk-in closets are included in the near 200 sq. ft. master bedroom.  Offering 700 to 2,400 square foot floorplans, your urban loft building features studios, 1 and 2 bedroom condos for sale, some with dens, as well as a penthouse duplex with three bedrooms and a spiral staircase.  Garage parking may be purchased separately with each condo loft.  Creeped out by building basements?  No worries at Waldo Lofts since each loft comes fully equipped with its own washer and dryer.

View all availalble Waldo Lofts for sale in Jersey City

Browse all Northern NJ Lofts for sale

Common areas include a lobby, built out with mixed wood, stone, and stell, which promote a very chic art gallery setting.  Enter Waldo Lofts with your controlled access swipe key.  Before or after your workday, enjoy a workout in the fitness center.  Monthly condo fees for Waldo Lofts run approximately $320 and include all common amenities as well as water,  hot water, wireless internet access, sewer fees and snow removal.

If you are interested in viewing any of the Waldo Lofts or any other Jersey City condos for sale  please contact us to set a showing appointment.  We would value an opportunity to work with you.