Hudson Tea Building

• Active Inventory for sale – 13
• YTD Sales 19
• Average Sales Price $575,090
• Average Sales Price Per Square Foot YTD is $527

Harborside Lofts at Hudson Tea -

• Current Inventory for sale – NONE
• YTD Sales – 4
• A studio sold for $440,000 or $626 per square foot
• 2 Bed 1 Bath sold for $679,900 or $566 per square foot
• 2 Bed 2 Bath sold for $810,000 or $502 per square foot
• 2 Bed 2 Bath sold for $855,000 or $550 per square foot

Garden Street Lofts

• Current Inventory for sale – 3
• YTD Sales – 1
• 3 Bedroom 2 Bathroom sold for $1,200,000 or $582 per square foot

Zephyr Lofts

• Available Inventory for sale – 4
  
• YTD Sales – 2
• 2 Bedroom 2 Bathroom sold for $290,000 or $206 per square foot
• 1 Bedroom 1.5 Bathrooms – Penthouse sold for $375,000 or $434 per square foot

Waldo Lofts

• Available Inventory for sale – 4
• YTD Sales – 3
• 1 Bedroom 1 Bathroom sold for $380,000 or $417 per square foot
• 3 Bedroom 2 Bathroom sold for $540,000 or $413 per square foot
• 3 Bedroom 2 Bathroom sold for $620,000 or $392 per square foot

Library Hall Lofts

• Available Inventory for sale – 0
• YTD Sales – 1
• 2 Bedroom 2 Bathroom sold for $215,000 or $204 per square foot

If you are in the market to buy or sell a loft, New Jersey Real Estate Guys would value an opportunity to offer a complimentary personalized consultation.  Please call Scott @ 877-688-7582.  We are located at 1 Newark St. in Hoboken near the PATH.

The average sales price this year has been $502,927 where the average sales price in 2009 was $528,181.

Whether or not more units with views sold last year than this year we still base things off of the price per square foot.  In 2009, the selling cost per square foot was $583.  Year to Date in 2010, the average price per square foot on units sold is $528, a 9.0% drop since last year.

Since sales volume has picked up steam, we do not anticipate a much further drop in prices.  A large demographic of the area is drawn to the landmark Hudson Tea Building for its convenience, location, amenities, and probably most discussed is the high loft ceilings with larger than normal windows.  Really, you don’t get a bad view no matter what unit you choose.

If you would like an exclusive showing appointment to any condos in the Hudson Tea Building, we would value an opportunity to offer this to you as well as share some suggestions and keypoints to the building.  Call Scott @ 877-688-7582 or contact me by e-mail.

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September 2010 Update

If you are a potential seller of your unit in the Hudson Tea, feel free to contact us to discuss our strategic home marketing

We’ve been fielding several inquiries about the Hudson Tea Building condos for sale this year.  Hudson Tea is one of my favorite buildings in Hoboken.  In addition to its appeal in location, amenities, and all that stuff, most are aware that it is a residential conversion from the old Lipton Tea Building.  When Toll Brothers bought the building to convert, the structure allowed Toll to maintain high ceilings in every unit which offers a nice airy and lofty feel.  Floors have been poured solid with concrete and even a woman walking in stilletos on their wood floor above you cannot be heard in your unit.

Windows are huge and most units have pristine views of the Hudson River, Manhattan, south Hoboken/Jersey City, etc.  Activity has been strong this year and prices are looking like they haven’t deviated much from the peak, an indication on a strong micro market in the building.  The smaller units, known as Alcove Studio units are as close as  you can get to 1 Bedroom.  They are big enough alcove areas to be considered as a full bedroom.  If you have seen alcoves before, you are lucky to get a single bed in that crampy area.  Not in the Tea Building.  Plenty of room.  Sleeping space and views are important in amenity buildings for Hoboken real estate.

2010 Sales: 17 in total per the Hudson County MLS.

• Unit 4W:  Alcove Studio with 735 SF.  Asking $375,000.  Sold for $362,500 on 5/25/10
• Unit 9N:  Alcove Studio with 735 SF.  Asking $379,888.  Sold for $372,000 on 9/7/10
• Unit 2K:  Alcove Studio with 735 SF.  Asking $389,000.  Sold for $375,000 on 2/26/10
• Unit 2S:  Alcove Studio with 735 SF.  Asking $404,900.  Sold for $380,000 on 5/13/10
• Unit 6G:  Alcove Studio with 735 SF.  Asking $405,000.  Sold for $400,000 on 8/30/10
• Unit 8O:  Alcove Studio with 735 SF.  Asking $419,900.  Sold for $410,000 on 9/7/10
• Unit 7S:  1 Bedroom with 835 SF.  Asking $438,888.  Sold for $410,000 on 1/15/10
• Unit 6N:  Alcove Studio w/ closet with 735 SF.  Asking $475,000.  Sold for $455,000
• Unit 9C:  1 Bedroom with 895 SF.  Asking $479,000.  Sold for 470,000 on 1/29/10
• Unit 7C:  1 Bedroom with 875 SF.  Asking $499,888.  Sold for $485,000 on 2/4/10
• Unit 4A:  1 Bedroom 2 Baths with 1100 SF.  Asking $558,990.  Sold for $550,000 on 1/22/10
• Unit 3I:  2 Bedroom 2 Baths with 1155 SF.  Asking $659,000.  Sold for $580,000 on 1/15/10
• Unit 4U:  2 Bedroom 2 Baths with 1200 SF.  Asking $619,900.  Sold for $585,000 on 4/22/10
• Unit 4L:  2 Bedroom 2 Baths with 1155 SF.  Asking $609,000.  Sold for $585,000 on 5/4/10
• Unit 5D:  2 Bedroom 2 Baths with 1305 SF.  ASking $649,900.  Sold for $650,000 on 6/1/10
• Unit 12R:  2 Bedroom 2 Baths with 1415 SF.  Asking $815,995.  Sold for $778,200 on 4/8/10
• Unit 5H.  2 Bedroom 2 Baths with 1360 SF.  Asking $850,000.  Sold for $800,000 on 4/16/10

So far this year, 2 Bedroom units have sold for an average of $663,033.  There is about a $100,000 premium for water/city views as opposed to southeast views which give you partial Manhattan and south Hoboken / Jersey City views.  The 2 bedroom units that have superior views sold for an average of $789,100 per the MLS.  However, I have seen private sales for the following:

Direct NYC views with windows facing east.  These 2 bedrooms have sold for about $905,000, $854,000, and $974,000.

A 2 bedroom view with windows facing south just sold for about $750,000.

The 1 Bedroom and Studios have sold for an average of $424,500.  A recent private sale just sold for about $470,000.  This unit and the ones listed above that were lower than $470,000 have views of the courtyard.  No water or city views.  There is nothing wrong with these units as you still get the same amentities. Monthly association dues range from about $350 – $425 per month.  Taxes range from $5,000 to $6,500 annually.

If you are looking for a condo in the Hudson Tea Building, give us a call to set up a showing appointment or to hear some suggestions on this wonderful complex.  You can call us at our Hoboken office at 877.688.7582 or e-mail us.

80 Park Ave:  525 SF Alcove Studio:  Asking $294,000.  Sold for $260,000.  40 Days on Market

119 Clinton:  1 Bedroom 1 Bath.  Asking $299,000.  Sold for $284,500.  130 Days on Market

904 Jefferson St:  751 SF 1 Bedroom.  Asking $399,000.  Sold for $385,000.  38 Days on Market

82 Bloomfield:  960 SF 2 Bedroom.  Asking $429,000.  Sold for $409,000.  35 Days on Market.

212 Park:  930 SF 2 Bedroom.  Asking $449,000.  Sold for $441,000.  10 Days on Market

712 Grand:  1265 SF 2 Bedroom.  Asking $529,000.  Sold for $500,000.  98 Days on Market

824 Monroe:  1393 SF 2 Bedroom.  Asking $549,999.  Sold for $530,000.  184 Days on Market.

904 Jefferson:  1641 SF 3 Bedroom.  Asking $775,000.  Sold for $740,000.  191 Days on Market.

1025 Maxwell:  1298 SF 2 Bedroom.  Asking $799,999.  Sold for $790,000.  184 Days on Market.

61 Madison:  2522 SF 3 Bedroom Duplex.  ASking $1,199,900.  Sold for $990,000.  13 Days on Market.

• Total Sales for the week was 10.

• Average sales price was $532,950.

• Average of 92 Days on Market.

If you are looking to buy or sell a condo in Hoboken, give us a call.  We would value an opportunity to share some suggestions regarding your position in the Hoboken real estate market.

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

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, PATH Shuttle Service, Community Rooftop pool in works, 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 Northern NJ Lofts for sale, don’t miss out 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 or a complimentary personalized consultation…  New Jersey Real Estate Guys would value an opportunity to earn your business.

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. 

Our first thoughts when we walked through the Vesta Hoboken was that the finishes and fixtures were very W’ish, similar with fixtures and the white quartz and chandelier theme. 

At the Vesta Hoboken, you can expect a Video doorman, refrigerated storage for grocery deliveries, indoor parking, private exercise room, Resident Lounge, Bicycle Storage, and as you can expect in Hoboken convenience to all public transportation systems to get you to and from anywhere in the Gold Coast, New York City and beyond. 

As you enter the residences, you are welcomed by picturesque windows overlooking wonderful Gold Coast views.  All flooring has been finished in fine oak throughout and central air conditioning and heating give you guaranteed comfort. 

Kitchens are finished with high gloss contemporary cabinets and marble kitchen countertops finish off its luxury reputation.  KitchenAid stainless steel appliances are included in Vesta condos.  Bathroom finishes include large walk-in showers in the master bath with enhancing stone flooring.  Need something?  Use your video intercom system to get ahold of the Doorman or others in the condo. 

For the high rollers, you can choose from the Penthouse duplexes that come finished with large terraces and fireplaces. 

Make an appointment today with New Jersey Real Estate Guys of Liberty Realty and give us the pleasure of showing you this excquisite new complex in Hoboken.  Contact us  today.

See our rental listings for Sky Club

The Sky Club is a Toll Brothers 17 Story luxury condominium building in Hoboken, New Jersey.  Offering Manhattan views, hardwood floors, concierge, and PATH proximity and Light Rail, The Sky Club is perfect for any urban homeowner.  The Sky Club has been very popular with discerning home buyers looking to get an attractive piece of Hoboken real estate.  Upon completion in 2007, The Sky Club had completely been sold out.   Condos for sale consist of only resales.

Click Button for all active condos for sale and rentals at the Sky Club

The Sky Club consists of 1, 2, and 3 bedroom homes which offer luxury and elegance, fully designed with large balconies and well appointed kitchens.  Homes have soaring 10 foot ceilings, with penthouses available only on the 16th and 17th floor.

Why NJREG is most experienced to assist in your real estate needs at the Hoboken Sky Club

The Sky Club features amenities, including NY style bistro, retail shops, and as mentioned, close PATH and NY Waterway proximity.  There is also a 25,000 square foot health club with indoor steam room spa, and pool.

Sky Club is located on the southwest corner of Hoboken at 700 1st St. and just minutes from the big city of Manhattan.

Showing appointments are required at the Sky Club.  If you are interested in a private viewing of any Sky Club condos, please contact us and we will gladly assist in your request.  Or, simply call us at 877-688-7582.  New Jersey Real Estate Guys would value an opportunity to earn your Hoboken real estate business!

1 Three Bedroom – 2367 sf on 25th Floor facing southeast priced at $2,290,000

2 Two Bedroom – 1905 sf on 21st floor facing SW priced at $1,995,000

Another unit on 25th floor facing SW priced at $1,990,000

Welcome to the luxurious W Hotel Residence!  This is one of our favorites and NJREG headquarters is right across te street for your viewing convenience.  With construction completing earlier in 2009, the W has created a landmark along the skyline in the mile square city,  Hoboken, New Jersey.  Located on the corner of 3rd & River Street, the W Hotel and Residences is anchored along the Hudson River banks directly across from midtown Manhattan.   (Pictures Below)

See PRIVATE INVENTORY for sale

This modern building consisting of only 40 residential units and 225 hotel units is an escape where residents and guests can enjoy 5-star luxury and world class environments in one of the most lively urban areas of the country.  Whatever Whenever is a trademarked 24 hour concierge service which offers anything from in-home catering to other technicalities.

View all Active Condos for sale and Rentals at the Hoboken W

The Hoboken W Residences are built out with only the finest upgrades.  The residential units come in 2, 3, and 4 bedroom units.  Balconies with breathtaking Manhattan skyline views, kitchens with Viking Pro and Miele appliances, Sub Zero built-in fridge/freezer, granite floors and countertops, and sleek aluminum finish cabinetry.

Why NJREG is most appropriate to assist in your real estate needs at The Hoboken W Residences

HOA dues are about $1,400 per month on a 2 bedroom and $1,600 per month on a 3 bedroom.  This includes heating, cooling (through central A/C and individual thermostats), trash, and water.  All residents need to pay for is phone and cable!  There are 2 balconies per unit.  One in the master bedroom and the other adjacent to the living room.  Condos include world class specifications and washer/dryer in each unit.  All kitchens are equipped with a gas range as well, something very unique for Hoboken condo buildings.  Exclusive Valet Parking is available for only $150 per month, a fraction of the normal cost in this part of Hoboken, this close to the PATH.

HERE’S THE COOLEST THING ABOUT THE HOBOKEN W: The Hoboken W Residences has a Port Authority PILOT (payment in lieu of taxes) for 99 years.  As a result, buyers of Hoboken W Condos will be paying incredibly and disproportionately lower property tax on their Hoboken condo.  Of the approximate 1.8% tax rate in Hoboken, a typical 2 bedroom 2.5 bathroom 1900 square foot condominium at the W Residences has a tax bill of only $7,200 +/- as opposed to comparable units having a tax bill of more than double that.  This is a HUGE purchase and resale incentive for those looking for condos for sale at The W.

As of 8/26/09, more than 75% of the W condo units have closed, and very few for sale, a great sign for the condos’ market stature.  You get what you pay for at the W Residences.  Such a lavish lifestyle at the W will cost just under $1,000 per square foot for current condos for sale.  Condos range from 900, 1900, and 2367 square feet

Residents may choose a la carte, the services of maid service, Bliss spa discounts, and if friends and family are in town, the great incentive of major discounts on hotel rooms.  Plus, many other a la carte menu items for your luxury lifestyle at The W Residences!

If you are looking for enhanced and state of the art living criteria, look no further than the luxury W Hotel and Residences.  Please call Scott at 877-688-7582 or e-mail us for a private and confidential showing of any condos for sale.  Floorplans available upon request.

Please feel free to browse our custom MLS search feed above to see the Hoboken condos for sale at the W.

Located in the W Hotel and Residences is Bliss Spa and Sweat Fitness.  Bliss is a two floor spa filled with fine detail and whimsical services.  If you are looking to tone up or trim down, Sweat Fitness center has all of the proper equipment to suit your needs.  Located in the spa lounge is state of the art wireless internet service, a fully equipped media center, and a stress-free atmosphere.

Garden Street Lofts

Browse all Northern NJ Lofts for sale

Located in Hoboken, NJ at the corner of 14th & Garden St, Garden Street Lofts provides chic, yet green living as well as immediate proximity to Manhattan.  Situated on the northern side of Hoboken, Garden Street Lofts share the inner Hudson Banks with buildings such as Hudson Tea and Maxwell Place.  (View all lofts for sale on the Gold Coast below slideshow)

See Why NJREG is most experienced to assist in your real estate needs at Garden Street Lofts

In Hoboken’s urban setting and walkable streets, you can enjoy convenience to anything you need including just a block from CVS, New York Sports Club, NY Waterway Ferry Service, and plenty of shopping, dining, and entertainment, a common plethora of amenties in Hoboken real estate.  If you commute, enjoy being only 3 miles to I-495, Route 3, and the Lincoln Tunnel.

Garden Street Lofts condos for sale should be previewed with an experienced real estate agent and New Jersey Real Estate Guys is happy to help.  With our headquarters only a few walking blocks from the Garden Street Lofts, we can arrange an appointment for when your schedule allows.  Please call us at the toll free number at 877-688-7582 or contact us via e-mail