While on-street parking in Hoboken is better than Manhattan it can be tricky to find a space if you commute to work by car and work traditional 9 to 5 hours. Other than that, it's rare to have to circle the block more than once if you have a resident permit. (If you live here, you pay about $10 a year for a sticker).
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)