Maria "Carme" de Sagun
Sales Associate/Coldwell Banker
15 Nardone Place
Jersey City, NJ 07306
Office: 201.963.1400 ext 156
I recently did a cost/sqft analysis for Paulus Hook and the average came to about 500/sqft. This can fluctuate depending on the building, etc. but as of 7/09 the average is $500/sqft in Paulus Hook.
Feel free to contact me if you have any questions about a specific building or if you would like me to send you the analysis. I have one for each area of Downtown JC: Hamilton Park, Van Vorst, Paulus Hook, etc.
1. The type of home (new vs. old, high-rise vs. brownstone)
2. Exact location (waterfront vs. inset, proximity to Path, surrounding buildings)
3. Amenities (parking, view, deck, yard, gym)
4. Size of home (1-bed vs. 2-bed, single-multi family)
As an example take a 600SqFt 1-bed on York & Washington for $340K - elevator bldg, no parking, 5yrs old. Price per sq/ft would be $523.
Then compare to a 1200SqFt 2-bed on Essex St for $550K - parking, 4yrs old, elevator blg, doorman. Price per sq/ft would be $458.
Not a fair comparison. Case in point.
Your best bet is to speak with your Realtor about specific properties and requirements, and let them guide you in regards to what you're getting for the money.
I hope this answers your question, but if you have any more, please let me know.
Eric J. DilonÃ©
HALLIBURTON HOMES: Redefining Great Service!
Office: 201.792.4300 x 33
Direct: 646 387 8012
What kind of property are you looking to buy or sell? Feel free to email me the details and I'll be happy to send you some comparable recent sales where you can calculate the average price per sq.ft. based on those sales.
Please let me know if you have any additional questions. I'll be happy to assist.
Walter J. Burns
1 Newark St.
Hoboken, NJ 07030
201-653-8488 Ext: 230
Find a home you like then ask your Realtor to compare comparable sales. That will give you a better idea of how well a home is priced.
Sales Associate, CDPE
RE/MAX Gold Coast Realty
56 Newark Street
Hoboken, NJ 07030
Direct: 201 795-5200 x340