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General Area in Jersey City : Real Estate Advice

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Activity 46
Jose Martinez, Real Estate Pro in Hoboken, NJ
Sat Oct 13, 2012
Jose Martinez answered:
Call me I can help. Let Coldwell Banker Bring you home.




Jose Martinez
Coldwell Banker Home Loans Hoboken
201-94-1973
0 votes 1 answer Share Flag
Amos Elroy, Real Estate Pro in Bayonne, NJ
Sat Oct 13, 2012
Amos Elroy answered:
I live in Maplewood, which is a great little town, with a village center, and good commute options including a Jitney Shuttle. Let me know if you need help finding something for yourself!

Amos Elroy
CDPE (Certified Distressed Property Expert),
SFR (Short-Sale Specialist Certified)
NAEA Member (National Association of Expert Advisers)

Residential Real Estate Investment Consultant
Lic. Realtor Associate
EXIT On The Hudson Realty
(888) 462-6573 / (888) HOB-NJRE
FAX (888) 462-6573
Office 201-437-0411
http://www.HobNJRE.com

Twitter & Facebook: HobNJRE
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0 votes 2 answers Share Flag
Jose Martinez, Real Estate Pro in Hoboken, NJ
Sat Oct 13, 2012
Jose Martinez answered:
Parking is good. You should have no problem.

Call me I can help bring you Home!




Jose Martinez
Coldwell Banker Home Loans Jersey City
201-494-1973
0 votes 9 answers Share Flag
Nancy.Denico…,  in Jersey City, NJ
Mon May 7, 2012
Nancy.Denicola answered:
You should speak with an Attorney. Bank owned properties can be a nightmare and you don't want to put down money with the potential to lose it. I would call an attorney in JC who have experience with Bank Owned properties. I would recommend Sheldon Margolis he can be reached at 201-795-9000. Good Luck ... more
0 votes 2 answers Share Flag
Marie Sander…, Home Buyer in 07306
Sun Apr 22, 2012
Marie Sanderson asked:
The 3 family home is owner occupied at the moment, thus not needing a green card as I understand. I'm wondering what major improvements have to be made to obtain a green card from…
0 votes 0 Answers Share Flag
Tatiana Caic…, Real Estate Pro in Hoboken, NJ
Sun Apr 22, 2012
Tatiana Caicedo answered:
Hello,

I did an open house at Liberty Townhomes yesterday and have all the information you need.

Please call me to arrange an appointment to view them.

Thank you

Tatiana Caicedo
Liberty Realty LLC
786-859-6507
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0 votes 4 answers Share Flag
Karina Abad, Real Estate Pro in Hoboken, NJ
Tue Jul 5, 2011
Karina Abad answered:
Hi Lh06465n thanks for your question. I see that you didn't receive many answers and I know the reason why. As real estate agents, we cannot comment on the safety of any particular neighborhood or make any recommendations as to what areas are "good areas". There are laws that protect against discrimination to any party and so we have to be very careful as to how we answer questions. This is to make sure that you are not steered towards any particular neighborhood.

With that said, both Hoboken and Jersey City offer excellent options for a quick commute to NYC.
In downtown Jersey City and Hoboken, the prices are higher than in the surrounding neighborhoods. This is primarily because these two area's have the PATH train which runs direct into Manhattan. Other area's such as Jersey City Heights, Union City and Weehawken, stretch your dollar more in terms of buying power, but the residents of these area's rely on bus transportation to the Port Authority in Manhattan which is very reliable and is also a short commute depending on how far the stops are to the Lincoln Tunnel.

Personally I've lived in Union City, West New York, Jersey City Heights and Hoboken, and all offer wonderful things individually.

So you will want to explore all, and take into consideration your buying power. Make sure that you get pre-qualified first, then make a list of the things you'll want in a home. Price will most likely dictate where you will buy as it is difficult to find a home in Hoboken and downtown Jersey City larger than 700sq ft for less than say $300K in these areas.

Hope this helps!!
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0 votes 3 answers Share Flag
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Sun Jan 23, 2011
Debra (Debbie) Rose answered:
Natalia - while I don't live in jersey City, I do live in a town that was reassessed last year, and most of the towns in my area are currently being reassessed , or have been in the past couple of years. (not sure if this is a statewide process or not)

A company by the name of Appraisal Systems Inc. seems to be doing a lot of the townwide revaluations. Is that the company that is handling it for Jersey City?

If so, just know that the people who come out basically just look and fill out a form on their clipboards. As far as I could tell, they are not appraisers. Basically, they "look" and "list what they see".

Once you get the new written appraisal, you are offered an opportunity to make an appointment, and discuss the new assessment figure. The town's appraisals will be on a webisite so you can see everyone's appraisal for comparison.

Since the new appraisals are supposed to be "market value", any information the owner has that would dispute the company's findings can be used. I contested my appraisal, made an appoitment, and sat down to discuss my opinion that my assessment was too high - I had comps to support my case (as agents we certainly have an advantage in preparing the paperwork).
I ultimately got my assessment lowered by almost $10,000.

As far as overwriting any won tax appeals - well, I would asume the tax appeal reflects the true market value - in which case, I wouldln't worry about the new number, as that is also supposed to reflect the current market value.
It is what it is - dont try to avoid meeting with the representative from the company, or letting them in your home. - you are better off letting them in, and pointing out anything you think is pertinent to the value..or detracts from the value..

Good luck!
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0 votes 1 answer Share Flag
Debra, Renter in Jersey City, NJ
Sun Jan 16, 2011
Debra asked:
I am a Property Manager and want to open up my own company
0 votes 0 Answers Share Flag
Kevin Dowd, Real Estate Pro in Hoboken, NJ
Wed Sep 15, 2010
Kevin Dowd answered:
Jerseyboy:

It is hard to fight by laws that existed before you started renting the unit. If you look in the paperwork that you signed when you purchased your condo, you signed a form stating that you've reviewed and agreed to the condo bylaws.

Many condo boards are very lax in implementing bylaw rules. It looks like your condo board is tougher than most others in the area.

If the bylaws state that you can only rent to a single person, couple of family, you may have a problem.

Good luck.

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
201-606-5957
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0 votes 11 answers Share Flag
M.T, Other/Just Looking in New York, NY
Wed Jul 14, 2010
M.T answered:
Thanks for the answers. I've decided to move forward with the deal and its in attorney review now.. fingers crossed!!

Linden, I do agree with you the most.. there are not alot of resale at gulls cove b/c not alot of ppl are moving. I had my agent pull more #s and alot of them are sales through developer b/c like you've mentioned its only been a couple years old. 4 units sold in the past 6 months, 2 on the south side and 2 on the north side - so it seems that view isn't that big of a deal there. I had my agent also pull the #s from the same line and all of them paid high 300s to low 400s.

A studio there closed at 314K so if I can get a 1BR for just a few K more, it seems like a good value. I'm told that 320K is the lowest that ever sold in that building (so i hope i'm not bringing down the value of the place!!)

Even if I don't resale, there is great potential from renting the place.
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0 votes 11 answers Share Flag
Linden Moe, Real Estate Pro in Jersey City, NJ
Tue Jul 13, 2010
Linden Moe answered:
That mostly depends on area :-)

A beatiful condo in downtown jersey city might cost you more than say a condo in..

jersey city heights or journal square.

Here is a great 3 step system to narrowing down your search

Ask yourself

1. What areas am I looking?
2. How much can I afford
3. What do I need in a home, how many bedrooms? How many baths?

We use this simple 3 step system in our "Unique Homehunter Service" to let our buyers access all the homes by all real estate companies, including bank foreclosures, distress sales, builder close-outs, fsbo's and other hidden bargains..and hard to find deals.

That way they can beat out other buyers to the best deals as well as the newest and hottest listings.

You can get instant access to this, all this with no cost or obligation at.......
http://besthudsonhomes.com

Hope that was helpful.

Happy House hunting,

Linden

Linden Moe
Citizens Premier Real estate
Direct 201-839-4927
http://www.hudsoncountyrealestatechat.com
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0 votes 7 answers Share Flag
Cynthia Sams…, Real Estate Pro in Jersey City, NJ
Tue Feb 9, 2010
Cynthia Samson answered:
This is a co-op building with 24 hour doorman. The maintenance fee includes TAXES, Heat, Hot Water, ELECTRICITY, and Cooking Gas. It includes it all. Also the maintenance fee is 44-45% tax deductible. These are just the basics of the building.

It's a great location as well, 2-3 block to Grove and Exchange Place PATH. Parking is additional $160/mo.


Best,

Cynthia Samson
Prudential -SRG in Paulus Hook
201-451-6400 office
201-214-1815 mobile
... more
0 votes 5 answers Share Flag
Sharee, Other/Just Looking in 07701
Fri Dec 4, 2009
Sharee answered:
I don't know. It might, but it's not worth it to me. I'm looking too and I notice that only realtors that have homes listed in the area are answering your question favorably. I have also looked at homes in that area. There are some nice ones, but the owners want a mint for them despite the fact that the rest of the block looks like nuclear fallout! If I'm not getting a true deal, there's no incentive to tough it out in the hood. I'd rather spend my money in an established neighborhood. There's no guesswork, hopes or prayer involved. A home is a BIG investment and i'd rather not get stuck in a $300K condo in the middle of a Brownfield. If you're a gambling woman with no kids, a black belt, a pit bull, a 12 gage and get a GREAT deal; go for it! If not, don't waste your time. You can get the same prices in better areas anyway. ... more
0 votes 6 answers Share Flag
Linden Moe, Real Estate Pro in Jersey City, NJ
Thu Oct 15, 2009
Linden Moe answered:
Hey kingston,

You can also visit city-data.com and put in the zip code all types of good info pops up like,

demographiucs, schools, neighborhood reports etc.

by the way you can get info on an area by visiting

http://www.NjVipBuyer.com
... more
0 votes 4 answers Share Flag
Ruth Bonapace,  in 07030
Wed Jul 8, 2009
Ruth Bonapace answered:
i have done condo conversions myself and with partners in Jersey City, and I am a lender, so I can answer your questions. You convert the building as a whole - not in phases - and you can sell the units as they came along. However, as soon as you sell the first unit in most cases who will need to pay off your mortgage in full, and after that each unit will be taxed as a condo which will make your tax bill exponentially higher. I have a pretty busy week but if you email me or call maybe we can talk and I can point you in the right direction.
Ruth Bonapace
201 741 5269 or ruthbonapace@gmail.com
Bank of America Home Loans
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0 votes 4 answers Share Flag
Walter Burns, Real Estate Pro in Hoboken, NJ
Tue May 26, 2009
Walter Burns answered:
Julie,

Many New Yorkers are moving to Jersey City, You won't be alone. The downtown Jersey City areas of Newport, Exchange Place and Grove St. are going to give you the kind of buildings it sounds like you desire. Here are a few links to several great rental buildings.

http://newportnj.com/

http://www.appliedco.com/properties/rentals/gotham.shtml

http://www.appliedco.com/properties/rentals/50columbus.shtml

http://www.grovepointerentals.com/

http://www.equityapartments.com/market/brochure.aspx?page=overview&PropID=776

Please let me know if you have any questions. I'll be happy to assist.

Sincerely,

Walter J. Burns
Realtor-Associate
Weichert Realtors
1 Newark St.
Hoboken, NJ 07030
201-653-8488 Ext: 230
201-694-8946 Mobile
201-653-4154 Fax
walterburns@gmail.com
www.livingonthehudson.com
... more
1 vote 3 answers Share Flag
Andres Garcia, Real Estate Pro in Hoboken, NJ
Mon Apr 6, 2009
Andres Garcia answered:
My advise is to always walk, or drive, around the area at night and make your own decision. Everyone has a different idea of what a "good" area is. You can also call the local police precinct and ask them about problems in the area.

Overall though, as many parts of Jersey City are, that is a transitional area. You will notice abandoned building right next to beautifully restored building. With it's proximity to the PATH it's only a matter of time before all the buildings are restored. In fact, the school that you mentioned at 60 Erie is actually an apartment building that is being converted to condos. The building makes for some nice loft spaces with very high ceilings.

If you have any other questions please do not hesitate to contact me.

Andres Garcia
Sales Associate
RE/MAX Gold Coast Realty
56 Newark Street
Hoboken, NJ 07030
Direct: 201 795-5200 x340
Office: 201 795-0100
Fax: 201 795-1245
andres@milesquarerealty.com
http://www.milesquarerealty.com
... more
0 votes 1 answer Share Flag
Asim, Home Buyer in Weehawken, NJ
Wed Mar 18, 2009
Asim answered:
It is an OK neighborhood. Take a drive by of the surrounding streets. I recommend instead West Bergen which is on the other side of the Boulevard.
0 votes 1 answer Share Flag
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