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How much impact will "The" Golf Course have?

On Jersey City real estate? I submitted an offer for a gorgeous loft building at 247 Princeton Avenue - 13K sq. ft for $1.3 is an incredible deal for owning a piece of true Jersey City history. It was a bank building it has vaults and all. The neighborhood is quiet and serene for blocks and blocks. I walked around late at night as well as during the day.

The realtor very nice and knowledgeable woman Gloria with Liberty Realty LLC who pointed out how this $140 million golf course 1/2 mile away is really putting a lot of energy into this neighborhood. I hadn't even heard of the Liberty National Golf Course has anyone else?

There are really large gorgeous buildings further into town. Priced a lot cheaper than downtown. I can forgo the hype and enjoy the space. I have been downtown for years and we are running out of space. The views of NYC from the roof of this building is breathtaking. I am trying not to get too excited so I don't jinx the transaction.

Any opinions out there? Is it just me or is 13K square feet of raw space for 1.3 not a great deal?

Posted on: 2006/3/4 5:16

Re: Daniel Wrieden aka 'Queer Eye For The Historic House Guy'

I don't buy into the whole historic preservation argument when when it comes to the historic brownstones. Homeowners of wood frame row homes is a completely different story. Crazy Dan's rules suck period. Being forced to live with a sloping unsafe edfice is outrageous! So, unless you can shell out the big bucks to have it fixed, we are talking at least 100K for structural safety, you run the risk of danger and you are stuck with property that will not "resell" unless it is at a huge discount.

Dan must go!

Posted on: 2006/3/4 4:58




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