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Re: Twin waterfront office buildings sold for $299M
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Attacking me on a personal level does not make my statements wrong. 90 Hudson pays $3 milliom and $70 Hudson pays $2.5 million in abatement taxes. My son works for a company in NYC, his building pays $2.5 million for one floor for rent. It is a small building.

Posted on: 2016/2/28 2:42
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Re: Twin waterfront office buildings sold for $299M
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FYI, 70 Hudson's assessment is $49 million.

90 Hudson's assessment is $51 million.

http://tax1.co.monmouth.nj.us/cgi-bin ... 614502____00016____X____M

Posted on: 2016/2/28 2:33
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Re: Twin waterfront office buildings sold for $299M
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I think we're overlooking the part where 2 12 story buildings sold for THREE HUNDRED MILLION DOLLARS in Jersey City.

That is like... wow. A lot of money. hah

Posted on: 2016/2/28 2:11
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Re: Twin waterfront office buildings sold for $299M
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Quote:

Yvonne wrote:
And the two tax abatements are being transferred. Can you imagine when you see your home, you could also transfer your mortgage? This is a state law that should be eliminated. When you sell these properties the tax abatement should be done.


Yvonne, as I replied to you in another thread, perhaps you should consider visiting a doctor. Your posts are increasingly bizarre, and devoid of much logic, if any.

Your analogy about an abatement being transferable in a sale being the same as being able to transfer a mortgage during a sale makes ABSOLUTELY ZERO sense.

Posted on: 2016/2/27 21:39
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Re: Twin waterfront office buildings sold for $299M
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Quote:

Yvonne wrote:
And the two tax abatements are being transferred. Can you imagine when you see your home, you could also transfer your mortgage? This is a state law that should be eliminated. When you sell these properties the tax abatement should be done.


Ma'am, that analogy don't make no sense.

Posted on: 2016/2/27 18:56
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Re: Twin waterfront office buildings sold for $299M
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And the two tax abatements are being transferred. Can you imagine when you see your home, you could also transfer your mortgage? This is a state law that should be eliminated. When you sell these properties the tax abatement should be done.

Posted on: 2016/2/27 18:03
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Twin waterfront office buildings sold for $299M
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Twin waterfront office buildings sold for $299M

By Steve Strunsky | NJ Advance Media for NJ.com
February 27, 2016 at 9:08 AM

JERSEY CITY — Twin office buildings in the city's Exchange Place financial district were purchased for $299 million by a firm convinced the city's booming residential market will boost demand for local office space, the sale's broker said.

In a deal that closed Friday, Manhattan-based Gramercy Property Trust sold 70 and 90 Hudson Street to Spear Street Capital of San Francisco, announced the broker, Cushman & Wakefield.

The two 12-story buildings, which total 858,000 square feet, sit directly on the waterfront, at the foot of the soaring Goldman Sachs tower.

Read more:  http://www.nj.com/hudson/index.ssf/20 ... ldings_sold_for_299m.html


Posted on: 2016/2/27 17:11
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