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Market Conditions in Fort Lee : Real Estate Advice

  • All192
  • Local Info12
  • Home Buying70
  • Home Selling3
  • Market Conditions14

Activity 16
Tue Jul 19, 2016
Cgrt answered:
Now Studios are in the $75,000 range. 2 bd around $185,000 1 beds starting around $130K. The co-op is in fantastic financial condition and has a low maint fee. The underlying mortgage is self liquidating ... more
0 votes 6 answers Share Flag
Tue Oct 6, 2015
thinz answered:
Based on what I'm seeing the market is improving. For pre-foreclosure homes, the lenders are not low balling their settlements in short sales as they did several years back...they are more often coming in higher with their BPO values thus resulting in short sale settlements that average between 10-20% below retail. Sometimes more depending on case circumstances.
Tom Hinz
... more
0 votes 5 answers Share Flag
Tue Mar 10, 2015
laurence.goldberg answered:
The "Bluff Section" aka " Palisades East" aka "Riverside" has three zones;

R-1 A; 100x100 lot ; 10,000 Sq. Ft.; Duncan Road and East Euclid.
R-1: 75 X 100 lot; 7,500 Sq. Ft.; South of Euclid.
R-2: 50 X 100 lot; 5,000 Sq. Ft; North of Euclid.

Cost of Raw land or existing home for a knock down:

R-1A; $1,200,000 min. - $1,500,000 with full river view.
R-1; $800,000 min. - $1,000,000-$1,200,000 partial river view - $1,500,000 $1,800,000 for full river view.
R-2: $350,000- 450,000 depending on location.

Cost of new construction in these zones $200.00 per square foot of living area.

Prices should be similar over next year. As interest rates go up, prices will come down. As the stock market makes a down ward correction people may take profits and invest in quality homes.
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0 votes 2 answers Share Flag
Sun Jul 13, 2014
Halley Natkin answered:
Hi Veejay,

I am an agent located right here in Fort Lee. I'd be happy to meet with you and give you my professional opinion of what this property could potentially be listed for based on current conditions. Over the past 12 months, 21 2-family homes have been sold in Fort Lee.

Please see my contact information below. Would be happy to assist you!

Thank you,


Halley Natkin | Realtor/Associate
Coldwell Banker Residential Brokerage | 2151 Lemoine Ave Ste 1. Fort Lee NJ 07024
?Cell (917) 626-8240 - Office (201) 461-5000 - eFax (973) 387-3886

Follow me on-
... more
0 votes 2 answers Share Flag
Tue Jun 24, 2014
JChan answered:
I think elementary school 3. Please feel free to call Fort Lee School District. Give them the address and they will answer you in seconds.
0 votes 1 answer Share Flag
Tue May 27, 2014
Alex Ristovic answered:
The best thing to do in this market, is to have a Realtor represent you in the buying process. With this they can offer you a CMA report, so you know exactly what the property goes for. My office is in Fort Lee we do a lot of work with condos and co-ops, give me a call I would be glad to do a CMA for you. ... more
0 votes 3 answers Share Flag
Wed May 14, 2014
Mattie answered:
the maintenance depends on the floor, the higher u go, the more it is, & usually the one bedrooms range in the $500.00 dollar range plus the maintenance also covers, heat & hot water & property taxes. I own a one bedroom in this complex & the maintenance is currently $533.00...(I don't have a clue what "Yigit" is talking about...there r NO 1 bedrooms here which have a maintenance of $1,400. dollars a month!!!...WHAT A JOKE!...u should contact the selling agent of the unit for exact info. & a showing...people give out all kinds of incorrect information out there!...this is a nice place to live & very convenient if u work on the upper west side of offers shopping just 5 minutes walking distance, plus a good synergy of shops in a mini mall...this place has lots of pluses for the someone looking to own & take pride in where they live. Good Luck with your search, hope u find something u really love within your budget! ... more
0 votes 3 answers Share Flag
Mon Mar 24, 2014
Deborah Fisher asked:
This question was asked from
0 votes 0 Answers Share Flag
Mon Mar 3, 2014
Jay Shapiro answered:

The monthly maintenance is $412 and the taxes are approximately $469/month.

Unfortunately, this property is now in Attorney Review; the seller has accepted an offer. If you are interested in pursuing it further, you would need to be very aggressive in your offer.

If you're not working with a broker and you'd like some help, please contact me.

Best regards,

... more
1 vote 2 answers Share Flag
Mon Dec 16, 2013
Dan Tabit answered:
You need a great local agent to help you. Seller's won't pre-negotiate a lower price for someone who hasn't see the property and made a qualified offer. A qualified offer means you are pre-approved for financing or have proof of funds for a cash offer.
Step one is to find a great agent who will put your needs first, who has experience, knowledge and strategies to help you obtain your goals. Find a great agent and you'll soon find a great property at a great deal.
... more
0 votes 5 answers Share Flag
Mon Jul 9, 2012
Apt Owner answered:
Hi Tom:

IWe own a 1 bedroom apt in Linwood Park and were thinking of putting it on the market. We haven't listed it with a realtor yet. If your'e interested, please contact us at: ... more
0 votes 5 answers Share Flag
Thu May 24, 2012
Rob answered:
How much are a studio coops in Lindwood Park Fort Lee selling? In a fourth or fifth floor?
0 votes 5 answers Share Flag
Sun Mar 9, 2008
Marc Paolella answered:
Hi Dhaval,

The link below contains all co-op closed sales in Fort Lee over the past 6 months. Enjoy! If you would also like condo sales, contact me via my website. ... more
0 votes 2 answers Share Flag
Wed Feb 20, 2008
Demetrios Milliaressis answered:
Richrd Katz is the manager of our Fort Lee office -- Classic realty Group
I would be more than happy to involve him if needed.
0 votes 3 answers Share Flag
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Market Conditions in Fort Lee Zip Codes