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There is a half court basketball court, full gym, 2 pool tables, foosball and air hockey, large lounge, real theater (this is big for me, since my home TV is larger and better than what most buildings call their "theater"), office space for interviewing and working, etc, outdoor space, dog run, concierge, large wet bar, there is also a smaller TV lounge area with a 50" TV, and I think some other stuff.
Basically, Canco has what every luxury building has, but more, bigger and better.
When I went to look at the units, I told the on site realtor "I know you are a luxury building, I really don't care to look at the amenities, they are all the same in these places." After picking out my unit, I then went and looked at all the amenities, and was SURE I needed to live here. Only thing missing is a pool, but I have a boat, so no real need.
So we are on track for 8/31. Had some fun with the mortgage so far:
Mortgage company wanted me to prove I was up to date on my child support payments. Only one major problem with that, I don't have any kids.
Then, my lawyer called me to congratulate me. When pressed for clarification, he informed me that my GF and I were married, according to the mortgage company. One weee issue, we aren't.
Oh and we are 3 days out waiting on a TCO, but I have been informed that will not be an issue.
But overall, it has gone smoothly. My only gripe is about what a PITA the bank is about "large" deposits into the bank account. I guess my definition and their definition are pretty different. Every few thousand bucks, they want to know where it came from, and we have to provide proof of source. Doesn't matter that I have several years of bank statements showing "large" deposits.
Sold a boat, prove it. Got a return deposit from another contract, prove it. Got a loan payment from sale of your business, prove it. grrrrr......
But, all in all, we went from finding the place on August 3rd to being ready to close for August 31st. Not bad.
It was a hard decision between the Altessa and Canco, but overall, we liked Canco better.We negotiated a very good price.
I am glad you finally came to your senses, it is not a hard decision comparing altessa and canco. The area around altessa is absolute crap, no transportation and it's in UC. Canco within walking distance to JSQ PATH, the area isnt bad right now and has real potential for future gentrification.
Newport/waterfront JC is still the best, but given the price they are offering at canco and the nice finishes, it is a solid choice.
Give yourself a pat, you made the right decision abandoning altessa. Are they going to give you the deposit back btw?
re: mortgage, they only care what you deposited on the statement you show to them, if the statement doesnt contain any large deposit they wont bother asking. That's why usually it's better to put all the money into 1 account a few months ahead if you know you will be buying so they wont show up on the most recent statement, to avoid the paperwork of proving the fund. I just did the mortgage a month back it's the same sht, and i had a really good attorney/underwriter both working together to get it done, still took over 1 month from lockin date.
Also you have abatement too, be very careful to review everythign on the final HUD, they charged me both the abatement and property tax because the bank did not understand how abatement/property tax worked. I managed to knock off $4000 (by explaining to them property tax = abatement) on my closing cost.
I can only say for that price what a beautiful place you could get in Florida, I know, I know it's the jobs (stupid)..and I can understand that....it just sounds like so much money to live there....Good luck to all
of you who bought there.....Would like to see some pictures some day...just curious.
that's a pretty moronic comment, for the same price he could bought a mansion on the countryside... what does that have to do anything? If you are comparing against nearby locations of the SAME city/area then it would make some sense. Florida? why not south america? you can buy a nice mansion by the ocean for half the price.... /facepalm
that's a pretty moronic comment, for the same price he could bought a mansion on the countryside... what does that have to do anything? If you are comparing against nearby locations of the SAME city/area then it would make some sense. Florida? why not south america? you can buy a nice mansion by the ocean for half the price.... /facepalm
The point i think is the price is way overpriced and is still dropping. if the numbers work out for you ie commuting is cheaper than living someplace else then good job. Otherwise its value is going to melt like ice on a hot table
There is a half court basketball court, full gym, 2 pool tables, foosball and air hockey, large lounge, real theater (this is big for me, since my home TV is larger and better than what most buildings call their "theater"), office space for interviewing and working, etc, outdoor space, dog run, concierge, large wet bar, there is also a smaller TV lounge area with a 50" TV, and I think some other stuff.
Basically, Canco has what every luxury building has, but more, bigger and better.
When I went to look at the units, I told the on site realtor "I know you are a luxury building, I really don't care to look at the amenities, they are all the same in these places." After picking out my unit, I then went and looked at all the amenities, and was SURE I needed to live here. Only thing missing is a pool, but I have a boat, so no real need.
Where you keeping your boat, Liberty Harbor?
Regarding CanCo Lofts, Journal Square is not a terrible area, but there is nothing really to do there. That would be a drawback for me.
So we are on track for 8/31. Had some fun with the mortgage so far:
Mortgage company wanted me to prove I was up to date on my child support payments. Only one major problem with that, I don't have any kids.
Then, my lawyer called me to congratulate me. When pressed for clarification, he informed me that my GF and I were married, according to the mortgage company. One weee issue, we aren't.
Oh and we are 3 days out waiting on a TCO, but I have been informed that will not be an issue.
But overall, it has gone smoothly. My only gripe is about what a PITA the bank is about "large" deposits into the bank account. I guess my definition and their definition are pretty different. Every few thousand bucks, they want to know where it came from, and we have to provide proof of source. Doesn't matter that I have several years of bank statements showing "large" deposits.
Sold a boat, prove it. Got a return deposit from another contract, prove it. Got a loan payment from sale of your business, prove it. grrrrr......
But, all in all, we went from finding the place on August 3rd to being ready to close for August 31st. Not bad.
Mind if i ask, what's the mortgage rate you locked on?
Tell me something, Are you all willing to live "under the Pulaski Skyway" Guess you will never open your
windows..I can't believe they are making "luxury apts" out of the old American Can Company building.
Geez, I guess I'm getting old...that area sorry to those of you who like it...is so UGLY...that's the only
word to describe..but like the saying goes,different strokes for different folks, to each his own. I can only say for that price what a beautiful place you could get in Florida, I know, I know it's the jobs (stupid)..and I can understand that....it just sounds like so much money to live there....Good luck to all
of you who bought there.....Would like to see some pictures some day...just curious.
Its not just the jobs. Florida is disgusting to some people. I'm "enjoying" the lower COL of the South right now, and would so rather be in jersey city right now.
Regarding CanCo Lofts, Journal Square is not a terrible area, but there is nothing really to do there. That would be a drawback for me.
They have a great selection of Indian food on Newark avenue. However, it's not exactly a destination for night life.
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