HUDSON REALTY GROUP’S

 

MONTHLY REAL ESTATE UPDATE
 
SEPTEMBER EDITION

          

 YOUR SOURCE FOR HOBOKEN AND JERSEY CITY REAL ESTATE 
   

 

LOCAL FALL FESTIVITIES

 

NJ.COM: 79 N.J FALL FESTIVALS FOR 2015

“Fall. Time for crunchy golden leaves, DayGlo-orange pumpkin spice latte syrup and hoodie weather. Aalso: a bevy of fall festivals, and not just those devoted to pumpkins, either. See the list below for just a taste of what’s out there to do and see in New Jersey.”…

HAMILTON PARK JERSEY CITY BBQ FESTIVAL
“Invite your friends & tell your friends to invite their friends to the 6th Annual Hamilton Park BBQ festival! We have great BBQ vendors, The Hamilton Inn serving cocktails & New Jersey Beer Company beer live music featuring…”

THE PATCH: HOBOKEN ARTS & MUSIC FESTIVAL

“The Hoboken Fall Arts & Music Festival will return to the streets of the Mile Square City for the 22nd year, from 11 a.m. to 6 p.m., on Sunday Sept. 27. The free, annual autumn celebration will take place on Washington St between the Observer Highway and 7th St. The 2015 festival will feature more than 300 artists, sculptors, photographers and local…”

HOBOKEN HISTORICAL MUSEUM: HOBOKEN HOUSE TOUR

“This year, the Annual Hoboken House Tour on Sunday, Oct. 25, will feature 9 to 10 homes and condos graciously opened to visitors by Museum supporters to help us raise funds. Every year, the tour offers a fresh selection of traditional and…”

ROCK THE BBQ: HOBOKEN PIER A

Rock The BBQ Festival October 24th & 25th, “Pier A in Hoboken. “Our weekend event will bring together barbecue, beer, wine and music enthusiasts from all across the Tri-state area…Saturday evening will end with a bang, with our proposed amazing live fireworks show over the Hudson River!”…

 

HUDSON REALTY GROUP ACTIVE LISTINGS

SEARCH MLS LISTINGS

 

 

 

 

 

UNDER CONTRACT

 

         

         

   

REAL ESTATE AND COMMUNITY NEWS

 

NY CURBED: MAPPING THE RISE OF NEW JERSEY’S TALLEST TOWERS

“While New Jersey won’t be getting any supertall towers anytime soon, there are plenty of larger developments coming to the state, including 99 Hudson Street in Jersey City, a planned 990-foot tower that will, upon completion, become the tallest building in the state…This list looks at both the tallest planned towers and…”

CITY OF HOBOKEN: SHADE TREE COMMSSION
Property owners who would like a tree planted in a sidewalk tree well in front of their home should complete the online request form at www.hobokennj.org/boards/stc/treerequest. Requests will be handled on a first-come, first-served basis, subject to available funding. 
Each location requested will be surveyed by a professional from the Department of Environmental Services to ensure there are…”

NJBIZ: MACK-CALI SHIFTING FOCUS TO GOLD COAST, MULTI-FAMILY PROPERTIES

“Our team is committed to unlocking value for our stakeholders by refocusing the company to take advantage of our Class A assets and expanding our luxury multifamily holdings,” Rudin said in a prepared statement. “People today want to live, work and play in the same area. They want transit options — how they get to work is almost as important as where they work.”

HUDSON REPORTER HOBOKEN: CITY PASSES $16.7M BOND FOR PARKS AND 900 -CAR GARAGE

“…the council passed a $16.7 million bond to help acquire 6 acres of land in the northwest for a park and a parking garage. The patch of land between Madison and Adams Street near 13th Street, owned by chemical-giant BASF (formerly Henkel/Cognis), has been designated for the creation of the Northwest Resiliency Park.”…

NEW YORK YIMBY: 13-STORY, 240-UNIT MIXED USE BUILDING REVEALED AT 3 JORNAL SQUARE PLAZA, JERSEY CITY

The project is rising on top of an existing parking structure between 1 and 2 Journal Square Plaza, or 2940 John F. Kennedy Boulevard, right across the street from the PATH station, with easy access to east-bound trains headed to the WTC Transit Hub or Herald Square at 33rd Street.

THE NEW YORK POST: FROM BRO BARS TO CHIC STROLLERS HOBOKEN (finally) GROWS UP
“Indeed, Hoboken has become an attractive home for residents of all ages, from infants to empty nesters; the latter have moved to join their children and grandchildren. It offers bang for the real-estate buck, at least compared with Manhattan and parts of the outer boroughs, as well as a…”

JERSEY CITY INDEPENDENT: JERSEY CITY BIKE SHARE PROGRAM

“The program will start with 350 bikes installed at 35 stations throughout Jersey City. An interactive version of the bike station map for Jersey City (pictured below)  can be found on the Citi Bike website. The map identifies the location of the 35…”

NEW YORK YIMBY: FIRST OF THREE URBAN READY LIVING HARBORSIDE TOWERS TOPS OUT AT 69 STORIES, JERSEY CITY

“The first tower will include 763 apartments and commercial space, but also a significant parking garage. The entire development will total 2,358 units, and Ironstate Development and Mack-Cali Realty Corporation are developing. Amsterdam-based Concrete is designing, and the first tower is expected to be complete in mid-2016.”…

HUDSON REPORTER HOBOKEN: CHARTER SCHOOL MOVES INTO DIGS NEAR 15TH STREET

“…is now located on two new floors of a mixed-use luxury development at 1460 Garden St. In addition to a new gymnasium for students and break room for teachers, the new school is equipped with air conditioning, more restrooms, white boards in every room, modern technology, and a cozy music room.”…

NJ.COM: COUNCIL OK’S 20 YEAR TAX BREAK FOR DOWNTOWN JERSEY CITY TOWER

“A 20-year tax break for a 17-story residential building proposed for the Hamilton Park neighborhood won final approval from the City Council tonight. The $163 million project, which has already won a $40 million state tax break for developer KRE Group, will add nearly 400 units on a parking lot near Unico Towers…”

 

MORTGAGE RATES

 

BANKRATE.COM: WEEKELY MORTGAGE RATES
Rates: 4% (30-yr fixed)  Average Points: 0.26
  

“The benchmark 30-year fixed-rate mortgage fell 6 basis points to 4%. The average 15-year fixed-rate mortgage fell 7 basis points to 3.18%.”…

 

HOBOKEN AND JERSEY CITY REAL ESTATE MARKET REPORT

 

 


  
M
ARKET RECAP
   

Sales volume and prices surged within Hoboken and Jersey City’s residential real estate market over the 1st half of 2015.  A total of $606M in residential sales closed over the first 6 months of the year, up almost 18% over the same period last year.  Bidding wars were more the norm than the exception due to starting the year with inventory at all time lows, no increase in the quantity of properties listed for sale combined with strong demand from buyers.  On average properties spent only 30 days on the market with many of them going into contract after the first week on the market.  Pricing continued to rise, setting all-time record average sales prices and price per square foot for all property types. Brooklyn (Brooklyn Heights/Carroll Gardens/Cobble Hill/Columbia Street Waterfront/Dumbo/Red Hook) condo values at average price points are roughly 100% more than those in Hoboken and Jersey City ($1.26M vs $650k), Metro NJ continues to offer tremendous value, even at record price levels…<continiued in report>

 

 

Thanks for reading our newsletter! 

 

Please don’t hesitate to contact us if you have any questions, comments or concerns.


Peter Cossio      Clare Cossio      Lindsey Brown     Matt Brown

 

Hudson Realty Group at Halstead Property

  

hudsonrealtygroup@halstead.com

 
201.478.6709

 

                
 

 

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. 

Hudson Realty Group at Halstead Property NJ LLC

200 Washington St Hoboken NJ  |  201.380.3871

Hudson Realty Group is a closely integrated team with exceptional knowledge of the Hoboken real estate and Jersey City real estate markets. Our expertise includes: condosbrownstoneslofts and new developments