buying a condo in Hoboken
Started by hoboken123
over 14 years ago
Posts: 1
Member since: Jun 2011
Discussion about
I am thinking seriously abouit buying a 3-bedroom condo in Hoboken and have found a few possibilities. A typical price is around $1MM for a 2,200 sq foot place (new condos in Adams/Jefferson/Madison Street areas) parking terrace. Taxes/maintenance are around $15K/year and $350/months respectively. The rent for such an apartment is in the range of $5-5.5K/month. Does anyone have any specific info about this area/general suggestions about Hoboken real estate market?
Condos seem quite nice there and it has some of the Williamsburg feel too, the parks are nice and the Manhattan view its incredible.
We visited this Sunday and were impressed. Jersey City seemed more office oriented and started to get less nice once you wento just a little bit west.
I hated parking and driving in and out of hoboken.
If you like peace and quiet maybe not the perfect place. Weekends are a bit noisy and people still go crazy during St. Pats. Nice area otherwise.
I lived there for a while. Although close to NYC, it is a pain to get to NYC. You either have to walk to the bus station, wait for the bus and then ride it to NYC. The bus only goes to port authority at 42nd/8th so unless you work right there, you then need to walk or talk the subway. My commute from Hoboken to midtown was an hour. The other option is the light rail to the PATH train which also takes a while.And remember, the PATH runs an alternate schedule on the weekends which makes getting to NYC even more difficult.
Although I am sure others will disagree, I never did find a single bar or restaurant I liked to going to. It was all dive bars and burger places (and I don't mean the Shake Shak!).
It always seemed to me like Hoboken was for two types of people - people on their way into NYC and people on their way out. By that I mean it was either 22-24 year olds just out of college who couldn't afford to live in NYC or young families who moved out of the city for more space and didn't want to admit to themselves they were going to move to West Orange, Short Hills or whatever in a few years.
The new condos on Madison around 10th or so are not near anything good. If you are used to living in NYC and having everything you need within walking distance, that will change if you move to Hoboken. The only thing in that neighborhood is a nice Shop-Rite.
Just my two cents worth.
The people who like Hobobken either can't afford Manhattan or spend their leisure driving south and further into Jersey.
Hobo ken isn't bad, but it's not Manhattan.
>Hobo ken isn't bad, but it's not Manhattan.
Is it Queens?
In Malibu. That was Barbie's bf, before he, um, "dated" Crystal.
Thank you Downtown, thoughtful observation about who lives there. We didn't see many 50 or 60 year old there.
"By that I mean it was either 22-24 year olds just out of college who couldn't afford to live in NYC"
Downtown, you can say that again. My sister (age 25) and her friends live in the area, and all they talk about is someday moving over the river. The way the job market is, I wonder if any of them ever will. I'm a decade older, and even I don't qualify, by most Manhattanites' standards.
Another inconvenience was that there didn't seem to be a way to get over the river by bicycle. You had to either take your bike on the PATH (which you can't do at rush hour) or ride all the way up to, I think, the GWB. Why don't the tunnels have pedestrian/bike lanes in them? They should.
I like Hoboken, especially the Harbourside Lofts (Toll Brothers) building, but the RE taxes there aren't cheap and you can't send your kids to public school. Hoboken is definitely a starting point for kids out of college and a transition place for 30 somethings looking for more space. The 30 somethings end up moving out to the 'burbs once their kids are ready for school.