I'm going to buck poular opinion here, :-)
You are the one with the correct answer,"most of the units 1 beds facing south will be losing thier views'
My two cents, (maybe worth just that) is that $325k is a good price (make them throw in parking)for
1 bed 1 bath
a new construction home less than 5 years old
over 700 sq ft.
close proximity to exchange place and grove st path
by decent quality builder
I'm seeing that kind of prices for 1 bedrooms in older units with no views.It looks like a comparable building grovepoint (no views, no parking)is starting at about $390's asking. Older buildings like mandalay and portofino and james monroe dont have many units under 325k,( true 1 bedrooms over 700 sq ft.)
Heck even with the short sales in the A building , its tough to get a true 1 bedroom over 700 sq ft condo without views for $325k, so its apples to apples. At least not yet,.......
There are lots of good realtors on here are offering a cma or comps, take them up on that offer, thats
ask for comps apples to apples..
buildings only 5-10
over 700 sq ft
true 1 bed, 1 bath
with or without parking.
downtown jersey city
last 90 days or so, or a worst 6 months
none of us has a crystal ball,. However for your 5 year plan,.. $325k is a safe bet .
Will you make a killing in resale?
But its a safer bet than speculating that in 5 years you will be able to get a waterfront building condo indowntown jc( less than 15 years old.) for a better price than today.
Price is a function of supply and demand. In 5 years there will probably be less supply.
Hope that was helpful, even if a little, long winded. ;-)
Happy Home hunting,
P.S I'm betting Downtown will recover, especially after the current glut of units are taken. Its a lil secret they are running out of Downtown Jersey City Waterfront Available buildable lots. ;-)
Citizens Premier Real Estate
31 Montogomery St 4th Floor Suite
jersey city nj 07302