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HUDSON REALTY GROUP’S
MONTHLY REAL ESTATE UPDATE
OCTOBER 2016 EDITION
YOUR SOURCE FOR HOBOKEN AND JERSEY CITY REAL ESTATE
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REAL ESTATE AND COMMUNITY NEWS
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 HOBOKEN HISTORICAL MUSEUM:
HOBOKEN HOUSE TOUR
SUNDAY 10/30 FROM 10AM-4PM
Click to purchase tickets or go to the following locations to purchase tickets: Hoboken Historical Museum, 1301 Hudson St., OR Fire Department Museum, 213 Bloomfield St. The Annual Hoboken House Tour will feature up to 10 homes and condos graciously opened to visitors by Museum supporters to help raise funds.
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 JERSEYDIGS.COM: HOBOKEN’S ONLY HOTEL MAY SOON HAVE A SHINY NEW COMPETITOR
“After a long planning process, KMS shared details of the proposal last week. It calls for a 20-story, 238 room Hilton Hotel to be constructed flush against the rear of the existing Post Office building. The hotel, designed by New York-based Cooper Carry Associates, would feature a restaurant and bar plus a 6,000 square foot rooftop event space that would be utilized for banquets and weddings.”…
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 JERSEYDIGS.COM: JERSEY CITY TO VOTE ON NEW PARKS TAX
“Next month, Jersey City residents will vote on a new tax initiative intended to fund parks and historic preservation. While any recreation-based tax hike can be a difficult sell, many residents insist that the community would benefit from more out-
door park space.”…
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 JERSEYDIGS.COM: EXPANSIVE STATUE OF LIBERTY MUSEUM COMING TO LIBERTY ISLAND IN 2019
“…final plans were unveiled for a 26,000 square-foot museum, plaza, and rooftop terrace on Liberty Island in New York Harbor. Designed by FXFOWLE Architects with interior spaces handled by ESI Design, the museum will also include a sprawling outdoor plaza with steps leading up to a rooftop terrace with incredible views of the city.”…
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HOBOKEN AND JERSEY CITY REAL ESTATE MARKET REPORT
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Over the first half of 2016, the residential real estate market in Hoboken and Downtown Jersey City continued the up-ward trend in pricing experienced since 2012. Inventory remained near all-time low levels with only 1.5 to 2 months of supply. The volume of activity slowed slightly relative to the 1st half of last year down 7% in closed condos and 6% under contract as well as 22% less townhome closings (46 vs 59). The sharp declines in the stock market seen in January and February slowed high-end sales activity by giving buyers reason to pause but things got back to normal after the stock market recovered in March…<Continue in Report>
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DISCLAIMER: ©2015 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved. This mail is for the named addressees only. If you are not the intended recipient, please delete it from your files. All information is from sources deemed reliable but is subject to errors, omissions, change of price, prior sale or withdrawal without notice. No representation is made as to accuracy of any description. All measurements and square footage are approximate and all information should be confirmed by customer. Halstead Property and Hudson Realty Group do not represent the sale of the new construction developments highlighted in this newsletter. All rights to content, photographs and graphics reserved to Broker. This information may not be copied, commercially used or distributed without Halstead Property’s prior consent.
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NEWYORKYIMBY.COM: REVEAL FOR 15-STORY, 113-UNIT MIXED-USE BUILDING PLANNED AT 87 NEWKIRK STREET, JERSEY CITY“…
