Welcome, almost, to New Jersey. Bay St is new to the market and you may be the first in. Comparable space, amenities, location, and similar units recently sold, all will go into the appraisal for financing purposes. The tax assessment will be largely based on the closing sales price. The tax rate ($2.301 per $100) times the tax assessment will create the real estate tax for the year. If they sell for $449,000 taxes will be about $10,200. Are they worth the price? After you see the units and compare them to other possibilites, you the buyer will determine if they are worth the price. There are many things to consider when buying. Let me show them to you along with other possibilities. .