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Re: New Amazon HQ
#1
Quite a regular
Quite a regular


Between Amazon’s 25,000 and Google’s 12,000 new employees, downtown JC will definitively be effected. Even if Amazon employees don’t end up living in JC, they will displace some people who will. I know the Google story is not getting much press but it impacts JC more—their new office will be right across from Newport.
https://gizmodo.com/oh-good-google-is- ... resence-in-1830300276/amp

Posted on: 2018/11/14 16:28
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Re: Closest non-car method to get to the beach?
#2
Quite a regular
Quite a regular


Quote:

Anyone used this before? What's the vibe? I was wondering if it's family friendly. Thanks.

Posted on: 2016/6/22 22:38
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Re: Jersey City mayor-elect orders end to citywide reval
#3
Quite a regular
Quite a regular


So, what happened to real estate downtown during 2014, right before Fulop canceled the revaluation?

If I remember correctly it was canceled at the last minute, after two years of "work" by the reval firm. Unfortunately, I was not paying attention to sales volume or pricing then, and I didn't notice any consequences, separate from nyc or national trends.

Posted on: 2016/6/8 17:39
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How to manage buying and selling at the same time?
#4
Quite a regular
Quite a regular


Between the hassles of moving and transitioning between mortgages, what are my options? A friend sold their place, put all their stuff in storage, then rented a furnished apt, but their purchase fell through and they were stuck in real estate limbo longer than expected. Hoping to not have to do that.

I've heard of bridge loans, but they don't seem very common. Curious, what have others done and found useful?

Posted on: 2016/5/19 15:57
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Re: Anyone else get food poisoning from Grove Street fair on Saturday?!
#5
Quite a regular
Quite a regular


My daughter had the chicken and cheddar empanadas. She seemed fine this morning. Were they hot? The lady told us our first choice (pulled pork) was unavailable because it was not hot yet. I assumed she meant they weren't cooked enough yet.

Posted on: 2016/4/25 16:06
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Re: Hoboken is rejecting bike lanes
#6
Quite a regular
Quite a regular


Quote:

moobycow wrote:
Quote:

JCMan8 wrote:
Quote:

moobycow wrote:
Just because you own and run a business doesn't mean you actually know what is going to be best. Research has show, repeatedly, that making it easier for bikes and pedestrians is better for business.


Thank you for so eloquently describing the paternalism embodied behind most "progressive" policies.

Who cares if you own a business? I know how to run it better than you. This is for your own good.


And thank you for summing up the alternate position of, sure all the research points to you being correct, but F that I'm sticking with my position anyway because who needs to base their opinions on actual data.


Every time I walk around the pedestrian plaza on Newark, I wonder what those business owners who fought against the plaza are thinking now? Before the plaza, I had never seen Newark Ave so lively, the businesses so full of customers. No, business owners do not always know what's best for them.

http://jclist.com/modules/newbb/viewt ... order=DESC&status=&mode=0

Posted on: 2016/2/10 14:20
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Re: McNair Academic High School - racial quota
#7
Quite a regular
Quite a regular


Quote:

equn wrote:


Thank you MDM that's what I hear too. Both my wife and myself are Asian, 100%, and we don't want to cheat on picking the racial category. It truly sucks though to be Asian on being admitted into top academic schools in JC.

We do NOT want to bring up our kid in a way that focuses on academic performance solely. But it looks like the system is very much against us...


I wonder how long before an Asian family or organization would sue. This is totally racial discrimination against Asians.

Posted on: 2015/12/26 21:12
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Re: McNair Academic High School - racial quota
#8
Quite a regular
Quite a regular


So what happens with mixed race kids?

Posted on: 2015/12/26 17:32
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Re: city wants to cancel new property assessment
#9
Quite a regular
Quite a regular


The biggest beneficiary seems to be Dixon Leasing...

Now why is the city doing this now and not all the previous years?

Posted on: 2015/12/18 3:11
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Re: Health Issues/Concerns in Downtown JC?
#10
Quite a regular
Quite a regular


Have you had a blood test? Was anything off? You can't easily make a diagnosis with basic blood tests, but it gives you a clue where to look. Even something seemingly unrelated and dismissed by your doctor can be researched online. Can't hurt.

I have yet to find a doctor who is willing to investigate. They make a guess, prescribe you some medicine, and send you off.


Posted on: 2015/12/16 19:29
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Re: DIXON LEASING-- US MASTERS RESIDENTIAL
#11
Quite a regular
Quite a regular


There is no need to speculate. They give exact numbers here. Cost of acquisition, renovation, rental income, ... All here:
http://clients3.weblink.com.au/pdf/URF/01680858.pdf

The thing that worries me, as a property owner, is having one entity own such a large share of downtown real estate. They essentially bought all the nice buildings in the last couple of years. If anything were to happen to the fund, and they need to liquidate all at once. Unlikely, but the risk is there. A market is more stable when it's owned by actual families instead of one investor. The only difference between an investor and a speculator is the price they paid. And we are looking at historic highs here. If they bought a long time ago and have accumulated a healthy equity, that's one thing. But they bought a lot of property recently and have no equity yet. Their risk is 100% hedged to demand for high rental properties, which are also at historic highs. If demand were to drop for any reason ...

Quote:

jcneighbor wrote:
Quote:

bodhipooh wrote:
Quote:

Itwasme wrote:
They don't make any sense buying at market price a $2 million brownstone and renting it for $8k per month. The taxes are half the rent. Their investors are going to feel it. US "masters" ...where is the plantation?


I'll help you with the math... Currently, all of those properties they own are under assessed, so they are paying close to 1%. Take your theoretical 2MM brownstone, and they are likely paying less than 20K / year. For the sake of keeping things simple, let's say they are paying 24K, which is 2K per month. That's 25% of the theoretical 8K monthly rent. The rest is a steady stream of revenue for the investors, to the tune of 6K per month. I wouldn't worry about their finances... I think they know what they are doing.



Math looks about right to me if you assume zero other costs or vacancy time, which isn't realistic. But if the positive revenue is $6k/month on a 1.4Mil cash purchase (for example) it works out to an annual return (gross) of only 5.1%. Hardly spectacular. The real questions are whether the market will hold up and then probably the reval, and whether these properties will be well underwater with downward pressure on the rents at the same time. I haven't seen them sell anything, just still buying...

Posted on: 2015/11/23 14:45
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Re: Thirty Acres Restaurant- Jersey Avenue
#12
Quite a regular
Quite a regular


Surprised no one has mentioned this reason for their failure: the tiny space they had was meant for high volume sales, like pizza. They started with a winning formula, great food and good prices. They could increase revenue by raising prices or scaling up. They chose increasing prices and changing their product. After they had proven themselves they could have taken their stellar reviews to the investors and moved to a bigger place instead.

After Sandy, when most of us had no power or were flooded, they were out there giving away food. So I'd like to think they were nice people and hope that they have learned from this mistake and be more successful in their next venture.

Posted on: 2015/10/24 23:00
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What to do with used books and toys?
#13
Quite a regular
Quite a regular


I have a couple of boxes of used kids books and toys. Some of the toys were barely played with. Not interested in doing stoop sale. Is there a place I could drop off?
Thanks.

Posted on: 2015/10/7 14:45
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Re: Is Jersey City Real Estate in a bubble?
#14
Quite a regular
Quite a regular


Quote:

brewster wrote:
Quote:

bluehorse wrote:
Seems to me like there's a cooling off.


Is that the definition of cooling off, buyers saying no to crazy high prices?



I don't know about JC, but nationwide...

http://www.reuters.com/article/2015/0 ... ing-idUSKCN0Q31U020150729

"Contracts to buy previously owned U.S. homes unexpectedly fell in June after five straight months of increase, suggesting some cooling in sales activity after recent hefty gains."


Posted on: 2015/7/30 21:53
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Re: Is Jersey City Real Estate in a bubble?
#15
Quite a regular
Quite a regular


So, I have been watching the single family market in dwntn for the past couple of months. Here's what I saw. (I might have missed others.)

Only one sold, 614 Jersey Av, listed for $999, now pending.

Two were taken off the market, for whatever reason.
656 Jersey, about $1.6m
332 York, $1.7m

Two reduced prices.
243 Marin from $2m to $1.6
12 Mercer from $1.8 to $1.67

There are a few others that are still out in the market for the same price, but doesn't seem to be selling as quickly as 614 Jersey, which was listed for less than $1m.

Seems to me like there's a cooling off. Maybe there was pent up demand last year and early this year, but buildings are not being snapped up at the prices they are asking now. Maybe the condo market is a different story, but supply is definitely looking greater than demand in the single family market.

Posted on: 2015/7/30 17:55
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What happened to Aug 1 property tax bill?
#16
Quite a regular
Quite a regular


It's already 7/28 and we still haven't received the bill for Aug. The city online tax site has not been updated either. Does anyone know what's up?

Posted on: 2015/7/28 14:05
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Re: Australians investors buying up Jersey City housing
#17
Quite a regular
Quite a regular


Quote:

SRhia wrote:
Quote:

jcneighbor wrote:

The word I have from 2 different Real Estate agents is that they're starting to sell some of their improved properties. Interesting...


Interesting... Is it because they can see the popping of the bubble coming soon?

Do you know what kind of prices they're asking?


Maybe they miscalculated the market. I see on Trulia their rental properties are not exactly flying off the shelf. They even reduced the price of the one on Cole St from $7k to $6.5k.

The demand for 2B condos are real. Actual young couples and not just investors are buying. But are families buying single families? Have they stopped fleeing to the suburbs? Or was Dixon the only one buying the last five years?

Posted on: 2015/6/27 14:14
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Re: HUGE GAS PIPELINE COMING - through Jersey City
#18
Quite a regular
Quite a regular


Quote:

thor800 wrote:
isnt the medical center within that blast radius ?

i wonder what the circle of destruction would be if the pipeline exploded. deaths in the thousands


What is the general radius? I've heard of a 300 feet fireball. Anybody know what was the largest blast zone?

Posted on: 2015/6/17 15:52
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Re: Has anyone else experienced Indian upstairs neighbors with heavy feet?
#19
Quite a regular
Quite a regular


Op, I feel your pain. I have a new neighbor who's been waking me up before 7am with his stomps. But he is not Indian. In fact, previous residents before him who had been stompers had come in all sizes and shapes, some were women. Next time, maybe watch how they walk before you rent out your place.

But worse than stomping though, are shoes, especially heels. In addition to shaking lamps, you'll also hear loud clacks. The sounds seemed to be magnified somehow.

Let me take this opportunity to ask anyone who lives in a prewar brownstone to be considerate of their downstairs neighbors and not wear shoes inside. Much obliged.

Posted on: 2015/6/15 21:36
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Re: AEP : Academy 1 and MS4 middle schools.
#20
Quite a regular
Quite a regular


How does one get into these schools? Do they just use Njask scores or is there a separate test? Basic info like this is surprisingly hard to find on jcboe website. Thanks.

Posted on: 2015/6/10 17:19
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Re: Beware! Amazon's new delivery service leaves packages
#21
Quite a regular
Quite a regular


Fedex does this all the time. Won't even ring the doorbell to let me know my package is sitting outside, rain or shine.

Posted on: 2015/6/10 17:02
Top


Re: Fulop to solicit proposals from for-profit companies to replace FOL in running the Loew’s theater
#22
Quite a regular
Quite a regular


Quote:

Yvonne wrote:

The problem is the city not FOL, the city refuses to give money for some improvements. FOL manages the place but the city owns the theater and only the owner can put money into the theater.


Yes. You're right. The problem IS the city. The city can barely run itself. Have you ever tried applying for a permit or license? The city should not run an enterprise, a theater, no less. The city did the right thing by taking it over and preserving it, but turning it into a profitable venture is way beyond its abilities.

Posted on: 2015/5/30 11:20
Top


Re: Jersey City councilman wants private entity to 'take over' Liberty State Park
#23
Quite a regular
Quite a regular


Totally agree with bodhipooh as well. It's time for change. Privatization can still mean free and open to the public. Central Park Conservancy is a private, NONPROFIT org that runs Central Park. If all we had to was to put wealthy donors' names on benches in return for beautiful landscaping, I'm all for it.

If we're finding faults with LSP status quo, let me add the eyesore boat graveyard as you enter the park. What is that about? Why are these guys allowed to treat that parcel like a junkyard? Totally degrades the 'oasis' feeling.

Posted on: 2015/5/20 13:28
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Re: Does anyone know how much it costs to gut renovate a building downtown?
#24
Quite a regular
Quite a regular


Yorkster, thanks. That's really helpful. Due to low inventory, we may not have a choice but go the renovation route.

Sommerman, who exactly are these Australians I keep hearing about? Is there a name I can look up? You guys make it sound like they're buying up everything. Not being sarcastic. Just want to know.

Posted on: 2015/5/1 15:05
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Re: Does anyone know how much it costs to gut renovate a building downtown?
#25
Quite a regular
Quite a regular


Quote:

eblanco wrote:
It's a big range. How much square footage, how many kitches, how many baths are we talking? What level of trim? What level of appliances?

$60k can be spent on an entire house or an entire kitchen.



What is the range? I really have no idea. Definitely not interested in the ultra high end, but would like everything to be solid and long lasting -- stainless steel and stone but doesn't need to be designer brands. Haven't gotten to point of deciding on trim yet. I don't mean to be vague, but we're only in the stage of figuring out what we can afford. For example, if we bought a four story brownstone, that is currently a four family rental, how much would it costs to turn it into an upgraded two family?

Posted on: 2015/5/1 13:21
Top


Does anyone know how much it costs to gut renovate a building downtown?
#26
Quite a regular
Quite a regular


A friend and I were trying to figure out whether it's better to buy a place already renovated or needs a gut renovation. Or maybe even buy a lot and build from scratch? We would like either two small single families or a large two family building.

Thanks.

Posted on: 2015/5/1 12:25
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Re: Amazon Fresh
#27
Quite a regular
Quite a regular


How is the food packaged? I get squeamish when I see my fresh fruits sitting on top of raw meats.
Thanks.

Posted on: 2015/4/14 16:26
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Re: Heights Survival Guide - buy car vs. car share/UBER?
#28
Quite a regular
Quite a regular


For us, the most miserable part of owning a car is alternative side parking, having to move your car four times a week, in downtown, can take half an hour in the evenings.

It's probably not so bad in the heights, but you still have to remember to do it, and to do it even when you're sick in bed.

Posted on: 2015/3/9 13:52
Top


Re: Fresh Direct (best things to get)
#29
Quite a regular
Quite a regular


Thanks for all the feedback. You've convinced me to give them another try.

Sillycorps, thanks for the offer, would have been great, but I don't qualify as a new user. I used FD a while back in NYC, and most of the time the milk was busted and leaking over my stuff. I got tired of complaining and stopped using them. I was hoping things are better in JC.

One more question though, what's the best thing to get at FD? I'm most curious about their seafood freshness. Thanks.

Posted on: 2015/3/4 14:23
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Fresh Direct
#30
Quite a regular
Quite a regular


Does anyone here use them? How is the food quality (in particular, freshness and handling care)? In addition to the delivery fee, is tipping expected?

Thanks for any feedback.

Posted on: 2015/3/2 18:00
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