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Old 11-14-2007, 10:11 PM
 
1 posts, read 3,999 times
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Hi,

What would one expect to pay for a 2BDR/2BTH (1300-1400 sq ft) condo in Hoboken in a luxury building -- I don't expect the waterfront, but, you know, within reasonable distance to PATH and and not totally in the middle of nowhere (basically reasonably close to food places, water, etc.) We estimate we can afford $650K, but higher would really be a stretch. Wonder if it's worth looking. And if yes, if someone can give some pointers on specific buildings, that'd be awesome! I hear that the market has softened a bit and it's possible to negotiate below asking price. Well, any info would be most helpful. Really appreciate it.

- Alex.
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Old 11-15-2007, 05:37 AM
 
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Well, I know that Maxwell on the Hudson is touted as being "the" luxury condo project in Hoboken, and 2BR units there are starting in the $900k range. I'm sure there are lower-priced projects, but you're getting away from the "luxury" category when you get down into the $600's, and you'll end up further from the PATH station.

I wouldn't count on the market softening enough that you can offer below asking in Hoboken- the line to buy is just getting shorter- the pricing isn't getting any softer.
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Old 11-15-2007, 06:48 AM
 
687 posts, read 3,135,727 times
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Yeah, you're probably looking at closer to a mil in the lux buildings. We (briefly) considered buying in one of those buildings in Hoboken, a 3 bedroom though, and they were generally 1.2-1.5. For less than 1500 sq.ft.


This is where I started our search originally:
Hoboken Condo / Condominiums
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Old 11-15-2007, 10:29 PM
 
Location: Central New Jersey
1,289 posts, read 5,882,124 times
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Way to expensive for that area. I would say go 15 minutes south for a BIG discount.
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