user1111 wrote:
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devilsadvocate wrote:
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user1111 wrote:
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devilsadvocate wrote:
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07310 wrote:
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MDM wrote:
KRE, Kushner says, plans to price its Journal Squared rentals at around $300 less per unit than its downtown Jersey City project, and at around $500 to $600 less per unit than its waterfront rentals. He expects rents will begin at roughly $1,500 a month for studios and go up to $3,500 for three-bedrooms.


Wow... I thought I was doing well getting $1,850 for a three bedroom. There is really that much demand for $3,500 per month three bedroom apartments?

These are projections, when the buildings are completed in a few years don't be surprised if the rents are closer to what is being charged on the waterfront for similar units. The cost of new construction which continues to rise and the marketplace will dictate the final rent levels.

Why would anyone pay waterfront prices to live in JSQ?

I ask myself regularly why would any one pay 2500 or more to rent anywhere in Jersey City, but folks do. I wouldn't, I would head back to Brooklyn.

Explain that for us. Your statement implies that Brooklyn is somehow superior, which I don't buy. I can buy that Manhattan is better but I draw the line at Brooklyn. In addition, luxury modern construction in Brooklyn is no cheaper, and many of us work in NJ, so commuting from Brooklyn to further out in NJ wouldn't work.

But JSQ vs. waterfront isn't that kind of question. Waterfront is just superior. It is like comparing 140th Street in NYC to W. 72nd Street on Central Park in Manhattan. Paying the same for both just doesn't make sense.

I am born in raised in Brooklyn and in my mind it will always be superior to JC, better schools, night life, culture, and 24 hr transportation? and in some ways even better than Manhattan.

user1111 wrote:
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devilsadvocate wrote:
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07310 wrote:
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MDM wrote:
KRE, Kushner says, plans to price its Journal Squared rentals at around $300 less per unit than its downtown Jersey City project, and at around $500 to $600 less per unit than its waterfront rentals. He expects rents will begin at roughly $1,500 a month for studios and go up to $3,500 for three-bedrooms.


Wow... I thought I was doing well getting $1,850 for a three bedroom. There is really that much demand for $3,500 per month three bedroom apartments?

These are projections, when the buildings are completed in a few years don't be surprised if the rents are closer to what is being charged on the waterfront for similar units. The cost of new construction which continues to rise and the marketplace will dictate the final rent levels.

Why would anyone pay waterfront prices to live in JSQ?

I ask myself regularly why would any one pay 2500 or more to rent anywhere in Jersey City, but folks do. I wouldn't, I would head back to Brooklyn.

devilsadvocate wrote:
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07310 wrote:
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MDM wrote:
KRE, Kushner says, plans to price its Journal Squared rentals at around $300 less per unit than its downtown Jersey City project, and at around $500 to $600 less per unit than its waterfront rentals. He expects rents will begin at roughly $1,500 a month for studios and go up to $3,500 for three-bedrooms.


Wow... I thought I was doing well getting $1,850 for a three bedroom. There is really that much demand for $3,500 per month three bedroom apartments?

These are projections, when the buildings are completed in a few years don't be surprised if the rents are closer to what is being charged on the waterfront for similar units. The cost of new construction which continues to rise and the marketplace will dictate the final rent levels.

Why would anyone pay waterfront prices to live in JSQ?

I_heart_JC wrote:
if it means a higher volume of trains, then add my voice to the rant.

user1111 wrote:
You can grab the NJT lightrail using your path card to Hoboken and catch the Path there.

cousin wrote:
Am I a racist because I am wondering what color these dirt merchants are? Or does that not matter?