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Re: rental pricing of 40+ jersey city luxury rental buildings
#1
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Quote:

majiazaishi wrote:
https://www.jiemengjourney.com/jersey-city-luxury-rental/

* To order by multiple columns -- hold down SHIFT key & click on a column (added the clicked column as a secondary, tertiary etc ordering column).

* Enter multiple search terms in the "search" textbox, i.e. "Columbus 2b2b".

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I just don't know how people afford those prices. The cheapest studio in Journal Square is $2050!

Posted on: 2018/12/2 10:13
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Re: Four JC Cops Indicted on Numerous Charges
#2
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wow

Posted on: 11/28 21:16
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Re: Four JC Cops Indicted on Numerous Charges
#3
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wow

Posted on: 11/28 21:16
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Re: Legal settlement: millions for JC, new home for PATH substation
#4
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Quote:

K-Lo2 wrote:
Quote:
Maybe a fare increase will lead to less overcrowding...


That's sarcasm, right?


Yes. But it's also a fact. I don't care anymore.

Posted on: 11/28 15:09
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Re: Legal settlement: millions for JC, new home for PATH substation
#5
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Quote:

mastablasta wrote:
I'm sure the Port Authority won't be paying a dime to Jersey City. The riders of the PATH system will be footing the bill. I'm sure there's a fare increase to pay for this already in the works.


PATH is very affordable. Maybe a fare increase will lead to less overcrowding...

Posted on: 11/28 14:35
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Re: Sweeney proposes slapping payroll tax on Jersey City businesses to fund schools
#6
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What a mess.

Posted on: 11/27 20:10
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Re: Sweeney proposes slapping payroll tax on Jersey City businesses to fund schools
#7
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Quote:

hero69 wrote:
Quote:

RichMauro wrote:
Is it any wonder why Amazon is bypassing New Jersey?
aren't taxes much higher in nyc than in jc or nj?


Give NJ some more time. We'll end up tops. And Amazon knows it.

Posted on: 11/13 16:15
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Re: New Amazon HQ
#8
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Quote:

dr_nick_riviera wrote:
Quote:

Dolomiti wrote:
Well, it's official.

Long Island City
Arlington VA
plus 5000 jobs in Nashville

I don't expect this will have a big impact on JC, though it is plausible that some people who will be priced out of LIC/Queens could move to affordable parts of JC.


Depending on where exactly in LIC they go, the WTC PATH has a direct connection to the E and R lines, which go right to the Queensboro Plaza area. I think the region as a whole will benefit, including Downtown JC, as not every one of those 25k employees is going to want to live in Queens.


My thoughts exactly. These things do not operate in a vacuum. I would be very happy if I owned rental property near a PATH train stop right now.

Posted on: 11/13 15:39
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Re: PATH (pathetic attempt at transporting humans)
#9
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Exactly right newbie!!

I doubt narco is a daily commuter because it's a horrible station for commuters. It looks nice if just visiting, but I can honestly say the temporary PATH station was much more functional. Someone with a disability should sue the Port Authoirty for ADA compliance. How many elevators and distance does it take to get from the train to the street, especially if bound to a wheelchair.

Posted on: 11/9 8:41
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Re: PATH (pathetic attempt at transporting humans)
#10
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Quote:

mscottc wrote:
Quote:

JCGuys wrote:

Not only should fares rise, but they should add a peak-hour premium to whatever is needed to reduce overcrowding and to encourage folks to go a half hour earlier or later. Unpopular opinion, but PATH is a fraction of the costs associated with driving.



Hell NO.... PATH is only 1/3 of my three zone commute. I first have to get to PATH, then PATH into the City, and then the NYC Subway to uptown Manhattan. I'm not the only one with a 3 zone commute. We don't need more highways clogging the the two tunnels and the GW Bridge into NYC. We need more public subsidies for mass transit to help alleviate traffic conditions all over the tri-state commuting area.


New Jersey is broke and taxes are already sky high. Were are we going to find additional subsidies? I hate it that no one is realistic when it comes to public finance. And to be honest, fares could triple on all three of your segments and I bet it will still be cheaper than driving when considering cost of tolls and parking in NYC. Plus it's going to be physically impossible to add any more cars to the tunnels, so I don't see that as a viable alternative either.

Quote:

And last, but water under the proverbial bridge, we should not have wasted billions on WTC PATH station. We PATH riders pay a premium for that debacle every day.


Agreed 1000% with you here - The Oculus was a terrible business decision $4 billion wasted for a shiity mall with poor egress. The port authority should have just sold the air rights for the site to the highest bidder and use the funds for trans-Hudson rail improvements. I wish NYC would bring the 7 line into New Jersey with a stop in Hudson County.

Posted on: 11/8 4:45
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Re: 2017 Reval ~ Property Inspections
#11
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Quote:

Yvonne wrote:
That particular abatement was negotiated years ago based on the market value. As the market increase, they actually paid more than conventional taxes. It really depends on the specific terms of the tax abatements. I can assure you, developers are not using those terms any longer. They prefer to use, "donation to affordable housing," to keep their tax rate low.


I'll take this as a admission that older abatements did contribute revenue to the city.

Posted on: 11/4 14:13
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Re: Woman, 2-year-old boy shot inside JC apt
#12
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Who are the animals that did this. Anything short of life in prison for these scum would be a travesty.

Posted on: 10/28 18:44
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Re: Menendez ahead by a wee bit!
#13
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Quote:

Yvonne wrote:
I was in Quebec some time ago. At night I put on the local stations and finally found an English language news station. The conversation had to do with the Midwest in the US. Some politician who is also the son a famous politician (I believe Hubert Humphrey) got into some hot water. The Quebec newscast said this is unusual, the corrupt state is New Jersey in the US. I wished I had a recording of that statement. Anyone who votes for Menendez is proving those Canadians news men right.


Yvonne, of course they are right! How much more proof does one need? I almost always vote Democrat, but not in this case. I don't care who the Republican challenger is, they got my vote this time around. It's this type of BS, running Menendez instead of replacing him, that really pisses me off about the Democratic party. This crap has got to end.

Posted on: 10/25 16:15
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Re: Blueberry picking around JC
#14
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I was going to post about the joys of picking chromium-filled blueberries within JC, but I'm happy to see this is for actual farms outside the city limits. Sounds fun!


Posted on: 7/26 9:36
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Re: Lottery open for affordable units in Jersey City apartment building
#15
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Quote:

bodhipooh wrote:
Quote:

Monroe wrote:
I think he misspoke or didn’t understand the question.


I considered that too, but I actually think he fully meant what was quoted. Supposedly, locally, the median income for a family of 4 is 94K. No way they could afford a 6K/mo rent but, then again, I fundamentally disagree that just because someone wants to live somewhere, they are entitled to do so.

I think people like Mr. Walsh actually do a disservice to the affordable housing concept by trying to expand its availability to what many would consider to be upper middle class residents.


Well, I don't necessarily think it's a bad idea. Right now, a lot of people associate affordable housing with low income Section 8.

Rents are high for everyone right now. If affordable housing can mean someone making a decent income can benefit, that may be a way to generate a larger community buy-in when these developments are proposed.

I would love for the market to get away from luxury developments and build more housing for the middle class. Unfortunately, the way our current zoning works, it's costly to go through the approval process and limits supply to a point where only luxury units makes the most economic sense. For example, if Jersey City could ever get around from changing the R1 zoning to allow 3 or 4 unit buildings, those units will be much more affordable than the luxury stuff being built on the waterfront.




Posted on: 7/25 8:21
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Re: 2017 Reval ~ Property Inspections
#16
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On the topic of Fulop, I'm kinda pissed off One Journal Square remains a vacant plot of land collecting weed and garbage.


Posted on: 7/22 13:30
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Re: 2017 Reval ~ Property Inspections
#17
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How does the reval and the 1.488 rate change this?

The PILOT number would stay the same but the conventional tax number would go down, no?

At 1.488, the need for abatements is probably diminished. I'm okay if they go away, but don't expect any developer to voluntarily build affordable housing.


Posted on: 7/22 13:27
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Re: 2017 Reval ~ Property Inspections
#18
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Quote:

HeightsNative wrote:
Quote:

JCGuys wrote:
Yvonne, do you acknowledge the existence of Payment in Lieu of Taxes (PILOT) payments?

If so, do you acknowledge that most tax abated properties still send PILOT payments to the city?


Yes but they send ZERO TO THE SCHOOLS. That's the whole point to the argument against PILOTS to the extent JC uses them.

It allows steve to keep funding his PR happy pet projects and assumes state aid doesn't change. Clearly that's not the case going forward.


I don't disagree. The city gets more revenue from a tax abated property with PILOTs because it isn't shared with the schools. Personally, I want to see thschool board starved. It's too bloated and inefficient. A private school could do wonders if they got $29,000 per capita. Instead, Jersey City school kids are treated like pawns.

Posted on: 7/21 12:26
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Re: 2017 Reval ~ Property Inspections
#19
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Yvonne, do you acknowledge the existence of Payment in Lieu of Taxes (PILOT) payments?

If so, do you acknowledge that most tax abated properties still send PILOT payments to the city?

Posted on: 7/20 23:10
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Re: 2017 Reval ~ Property Inspections
#20
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Quote:

bodhipooh wrote:
Quote:

brewster wrote:
Quote:

HeightsNative wrote:
Quote:

K-Lo2 wrote:
Final rate is 1.488.


Oh man; once the rest of the state gets a whiff of that rate...


Hoboken was 1.592 last year, and no one made a stink about their Abbott. At least you can see the Abbott money in their schools, they have far more extracurriculars and enrichment.


Of course no one made a stink about their Abbott: Hoboken pays for 80% of their school operating budget! It's not about Abbott status. Even when you look at total revenue for the Hoboken school district, the revenue from all state sources, including grants, amounts to ~34% (24.5MM out of 72MM). That's a far cry from the current situation in JC, where the city pays for about 17% of the local school budget. That's really the issue that I think (would assume) other municipalities will use to lobby for reduced assistance.


I had a laugh when DanL was trying to justify the current funding!

The school tax rate will soar in the coming years, hitting the revaled downtown properties hardest but will hurt literally everyone.

Posted on: 7/20 15:27
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Re: Home Invasion Leaves Woman Tied Up, Robbed Inside Jersey City High-Rise Apartment Building (Monaco)
#21
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Quote:

MDM wrote:
Where is the victim from?

I have found it pretty common for non Americans (excluding Western Europeans) to mistrust banks and keep everything in cash.

It took a while to convince a Turkish woman I knew to put the $50k she had in cash into an actual bank account.


This is true, but I still don't understand how banks are mistrusted and anyone with large amounts of cash in their homes get robbed. How does one even legally obtain that much cash in the age of direct deposit. Something stinks!

Posted on: 7/20 11:52
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Re: 2017 Reval ~ Property Inspections
#22
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Growth or die.

Posted on: 7/20 10:00
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Re: Jersey City bolsters cop force with 28 recruits
#23
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Quote:

Stringer wrote:

Jersey City bolsters cop force with 28 recruits

With their right hands in the air and "Jersey City Police" stitched on their sleeves, more than two dozen police recruits were welcomed to the Jersey City police department.

The 28 recruits were sworn in Wednesday morning during a ceremony at City Hall after six months of academy training.

https://www.nj.com/jjournal-news/index ... rown_photo_posted_on.html



What's the current law enforcement force now. 1000? This is something Boggiano was advocating. As the population grows, this is still a reduction on the officer per capita ratio.

Posted on: 7/15 13:24
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Re: Developers Planning to Relocate St. Lucy's - Create Market Rate Housing
#24
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Quote:

jerseymom wrote:
(Excerpt from Rev. Santora Column - NJ.com)

"Hannah Peterson, spokeswoman for Jersey City, confirmed what the Archdiocese of Newark has told me: The city will orchestrate the designation of a developer to buy the property and put market-rate housing inside the church's shell while also relocating the shelter and providing an undetermined number of transitional housing units.

"The overall plan for this area is to keep the St. Lucy's shelter in the vicinity of its current location and rehab the church for a residential project that would subsidize a state-of-the-art shelter, as well as new affordable/transitional housing in that area," Peterson said."

Full Story



Sounds like a horrible plan. There's several thousand new housing units planned or under construction in the area. If the diocese had any intention of saving the church, it wouldn't be too hard to transfer the development rights from the historic structure to an adjacent lot.

Posted on: 7/15 13:18
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Re: JC Public Schools is short $70 million
#25
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Quote:

Sweet times for JC is officially over.

1.42% tax rate and rapidly growing ratable base to support schools.

Posted on: 7/15 13:11
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Re: 'What is this, Russia?' Jersey City property owners fight developer
#26
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And with that line of thinking, I'm thankful you're not on the school board (or in council office for that matter). No admission of a spending problem is concerning.

Posted on: 7/11 14:13
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Re: 2017 Reval ~ Property Inspections
#27
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Quote:

K-Lo2 wrote:
What is the source of that rate?


*Sigh* Yvonne relaying words from Councilman Yun. But I oddly enough believe her this time. The 1.62% number was preliminary and did not factor in commercial properties at that time. It seemed way to high since most properties would be paying more while few would be paying less. The 1.42% is more in line of a zero sum. Some will pay more, some will pay less, some will stay the same.

Posted on: 7/11 12:06
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Re: 'What is this, Russia?' Jersey City property owners fight developer
#28
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Quote:

Monroe wrote:
JC schools spend 25% more per student than the state average so calling them ‘starved for cash’ is misleading g, especially since JC funds such a tiny amount of the cost.


Bingo! The problem is an administrative one. I kinda wish the State would take back full control of JC schools until costs are under control.

25% more per student than state average is ridiculous, especially when you consider the level of service being provided... It's not as if our schools are 25% better than the state average.

The one way to force the issue is for the state to stop sending a ridiculous amount of money to JCBOE at the expenses of other school needs in the rest of the state. That would force JC schools to get their budget in order.

Posted on: 7/11 12:02
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Re: 2017 Reval ~ Property Inspections
#29
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Quote:

MDM wrote:
At 1.62% I am looking at a significant cut in my taxes, even after adjusting my appraised value up significantly. For me this will be a savings of $10k to $15k a year (multiple properties).

That will cover most of my son's tuition, once he is old enough to attend school.


How about at 1.42%?

Posted on: 7/10 22:20
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Re: 2017 Reval ~ Property Inspections
#30
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Quote:

mfadam wrote:
I'd say the odds of Trump's tax plan going thru are about as good as the odds of DTJC property taxes staying at 1% of FMV...


1.42% and the plan went through. Good thing you're not a bookie.

Posted on: 7/10 22:19
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