But I digress, yes, you simply MUST have a private parking spot if you are going to buy real property in Hoboken. No doubt about it.
Frankly I do not believe in glossing over locational issues to give a rosy picture of any particular area. This is not the Chamber of Commerce. Buyers are spending big money on their homes and they need to know the facts, both positive and negative, that will affect daily life in their new locale. They depend on honest real estate agents to provide insights about areas that are under consideration. I will continue to be that agent.
Hoboken has plenty of positives, hence the large sums that are spent by buyers to live there. However, it is not car friendly in any way, shape, or form. Parking is extremely difficult for residents and especially guests. Always has been and always will be.
I agree it is hard to park on the street, so if you want to live in Hoboken, like I do, you have to factor in the cost of parking into the overall cost-benefit analysis you would do for any new home.
If you are buying in a new building where there is deeded parking it is highly advisable to purchase a spot or the marketability of your unit compared to other units in that building will be greatly affected. In my experience - and I deal 99% with Hoboken condo sales - most buyers looking at the newer construction on the waterfront or on the west side of town look at those areas because they want amenities like deeded parking, elevators and central air.
If, however, you are interested in a unit that is in an older, historic building or brownstone, almost none of these come with deeded parking so you are on an even playing field with other sellers in that buiding when you go to sell. Additionally, there are parking lots where you can rent a space in the uptown eastern part of town where most of these buildings without parking are located. There are also the municipal lots which have rental parking on downtown Hudson Street and the new parking lots near Hudson Tea, the Shipyard, and the Hoboken U. hospital.
Many suburbanites used to pulling into a driveway (and usually not very skilled at parallel parking) may not get Hoboken. Those people should probably stay in the 'burbs. Hoboken is an urban area. Parking here like in Manhattan is a luxury but if you are willing to pay for it, there are places you can easily park. And compared to Manhattan, prices for rental parking are close to $150 or 200 monthly rather than the typical $400 to 500 found in midtown NYC.
I'd be happy to help you further if you'd like to contact me directly. I specialize in Hoboken condos.
Robert DeRuggiero Realtors
89 Washington St.
201 993 9500 (cell)