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Does anyone have any "new" insights into this condo? It does seem like a great bargain for comparable condos in downtown JC.
To buy or not to buy... what do you think?
Posted on: 1/26 2:57
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Home away from home
 
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2009/5/15 0:26 From here to eternity
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Quote: To buy or not to buy... what do you think?
Posted on: 1/26 4:51
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Just can't stay away
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Saw the units and think they are top notch. Hi end cabinets, fixtures and appliances. Big space for great prices that include garage parking. Bathrooms huge with really nice tile. Full size washer/dryer in every unit. Seems solid to me. Can't speak to the time to market issues and understand that a few buyers backed out due to timing constraints. I dunno seemed much nicer and better made than a lot of stuff on the waterfront.
Posted on: 1/26 8:47
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This development is chronically plagued with delays. While the exterior is almost complete, the interior is a long way from completion. No closing dates have been scheduled to date.
Posted on: 1/26 9:32
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Home away from home
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2008/10/8 23:09 From Downtown JC (1st & Brunswick)
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Just out of curiosity, how much opium had you smoked? How did you see cabinets and fixtures and appliances in the units? Were the dancing hippos and flying polar bears talking to you? The units aren't finished, only that showroom on Newark, and I wouldn't call Ikea knock off sh1t "high end". They can have top of the line everything as far as finishes, it will still never make up for the shoddy construction and lack of soundproofing. You will be able to hear your neighbors down the hall fart.
Posted on: 1/26 10:25
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There are plenty of completed units for you to see and get a feel for the bldg beyond the showroom. I wouldn't say they are high end but they look high end...they're not ikea either though...sound proofing actually seems OK...big concern i have as a potential buyer is the completion dates, still plenty of units remain unsold and a few units are falling out of contract...
Posted on: 1/26 11:28
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Just can't stay away
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1stStGuy wrote:
Just out of curiosity, how much opium had you smoked? How did you see cabinets and fixtures and appliances in the units? Were the dancing hippos and flying polar bears talking to you? The units aren't finished, only that showroom on Newark, and I wouldn't call Ikea knock off sh1t "high end". They can have top of the line everything as far as finishes, it will still never make up for the shoddy construction and lack of soundproofing. You will be able to hear your neighbors down the hall fart. Well now 1stStGuy. Seems your info is a bit stale. There are models in the complex that are completed. I SAW THEM. No I wasn't smoking opium. You have no idea what you are talking about. Would love to know what your place looks like. Maybe you live in hi end luxury ......but I think not based on the immaturity of your observations and childish comments. Maybe you are sucking on the crack-pipe.
Posted on: 1/26 12:18
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1stStGuy, curious to know why do you think so lowly of the development and advise me to run?
Posted on: 1/26 21:40
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jc38wayne,
How did you find out about the contracts that are falling through? The sales guy claimed only 18 of the 50-some units are left and the completion/move-in date for the first 3 floors should be in Feb, while the 4th floor would be done by end of April... Is he just talking out of his rear end? Is it really that bad?? 
Posted on: 1/26 21:43
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Then, as usual, the sales office is providing conflicting information. They will tell prospective buyers that completion is in the offing to induce folks to buy. Take what they're telling you with a grain of salt. That's news to me: that move-in date for the FIRST THREE FLOORS will be in February. As far as I know, only about three units are fully completed on the first floor, and it's already the last week of January. Other units are in various stages, but not to the point of being in move-in condition. Also, even if units are completed people can't move in until the hallways and lobby are fully completed and carpeted; and the elevators are fully operational. And certainly the parking garage is not close to being ready with all the materials and supplies being stored there.
Posted on: 1/27 9:11
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Home away from home
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I live a couple buildings away. The lady and I have been interested in buying a unit, so throughout the construction phase I have been walking through the area and the building to see how it's being constructed. The number one thing on my list was the distinct lack of soundproofing between floors and units. The layouts are nice, and I am sure they will be using higher-end appliances and countertops, but to me that doesn't attone for the noise issues and the corners that were cut during construction, such as lack of planning. The HVAC units are in a closet INSIDE the master bedrooms. Really? It's disappoining because as I said earlier in this post, we were interested in buying into the building, and as I have said in earlier posts, it is a great addition to the neighborhood.
Posted on: 1/27 9:16
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Just can't stay away
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I recently bought a unit here and just wanted to clear up a couple things.
First off - whoever said that there's nothing in the units is completely wrong. we were in a couple on the 1st floor (only about 5 units total on that floor) and just about everything was complete with the exception of bedroom carpet. Second - soundproofing might be an issue, but the units do not have shared walls and the floors have concrete poured on them in addition to the typical floorboards. We turned on the HVAC in our unit and there was absolutely no noise from the closet in the bedroom, only the sound of the air coming out of the vents. Third - the finishes we've seen have been as good, if not better than, the units we saw at Hamilton Park, the Saffron, blew away Grove Pointe, and comparable to Liberty Harbor. Definitely not IKEA grade Estimated move in for us (2nd fl) is March, which definitely seems reasonable given the level of completion. Also, we were able to get FHA financing and there's a half-decent tax abatement. Overall not a bad deal - although that overpass is still quite the eyesore. Sorry for the long post - it's been a while.
Posted on: 1/27 10:38
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Are these the same promises from the sales office that said that they "had" to close by October 2009 because they "needed" to close the units for Hovnanian's fiscal year? If the sales office is saying March, then I would say April/May is more likely.
Posted on: 1/27 11:41
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March is what is in our contract, so I'm taking it pretty seriously.
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Posted on: 1/27 11:44
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Any one worried about price/sft and long term tax implications with what's underway at city hall? How would you compare this project/location to the one on 369 5th street?
Posted on: 1/27 11:46
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I was the one who said there was nothing in the units. If they have started to build the interiors since I was last in there, then I'm wrong. As for the concrete between the floors, have you actually seen it? I know they were advertising that, but when I was inside during the building stage, there was no concrete, and this was well past the time when there should have been.
Posted on: 1/27 12:16
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Just can't stay away
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Yeah granted it's not much, maybe an inch+, but it should be good enough to muffle out most of the everyday sounds there. You should def check the units out - the place is really coming along nicely and aside from the glaring lack of ammenities and slightly remote location, it's really not a bad deal. Hopefully resale won't be an issue...
Posted on: 1/27 12:48
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In tonight's Tax Increase Protest at City Council, one of the speakers specifically drew attention to Crescent Court and how it typified the "30 year abatements" on taxes that most JC residents who own their condo/house saw increase 25 fto 30% with this quarter and last year's tax increase. One woman in Paulus Hook spoke about how she and her husband were facing a tax increase comparable to their mortgage and were contemplating just walking away from their condo due to tax increase. See the link here for the full NYT article: Walk Away From Your Mortgage!
Posted on: 1/28 4:15
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Quite a regular
 
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Crescent Court has a 30 year abatement for residents? Please explain. Most condos downtown have 5 year abatements. Does Crescent Court really have 30? Crescent Court just became interesting.... Given the volatility of taxes in JC a 30 year guarentee would be compelling...
Posted on: 1/29 13:18
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Crescent court has a 5 year abatement...
Posted on: 1/29 13:24
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As far as I know it's a 5-year abatement.
Posted on: 1/29 13:24
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Quite a regular
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OK, knew that sounded too good to be true.
Posted on: 1/29 13:31
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why would you say Crescent Court just became interesting...any reason it wouldn't be with only a 5 year abatement?
by dieselpowerd on 2010/1/29 13:18:35 Quote: BrightMoment wrote: Quote: lisamisa wrote: Does anyone have any "new" insights into this condo? It does seem like a great bargain for comparable condos in downtown JC. To buy or not to buy... what do you think? In tonight's Tax Increase Protest at City Council, one of the speakers specifically drew attention to Crescent Court and how it typified the "30 year abatements" on taxes that most JC residents who own their condo/house saw increase 25 fto 30% with this quarter and last year's tax increase. One woman in Paulus Hook spoke about how she and her husband were facing a tax increase comparable to their mortgage and were contemplating just walking away from their condo due to tax increase. See the link here for the full NYT article: Walk Away From Your Mortgage! Crescent Court has a 30 year abatement for residents? Please explain. Most condos downtown have 5 year abatements. Does Crescent Court really have 30? Crescent Court just became interesting.... Given the volatility of taxes in JC a 30 year guarentee would be compelling...
Posted on: 1/29 13:37
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Personally, I am very satisfied with my purchase at crescent court. obivously disapointed the closing time has been running behind, but I expected it. Not once in the history of new construction has a builder ever completed the project on time, it is not like it is anything new. Me and my girlfriend who purchased on the 2nd floor just went to view our apartment on Sunday. The unit was 90% complete with all apliances excluding the water heater installed, all flooring completed. In fact, we were pleasantly suprised to find out that there is radiant heating in the bathroom, something that we were not told about (talk about high end finishings) the appliances are GE Profile and installed. From what I can see the only thing that needs to be completed with our unit are touch ups and minor finishing touches. If anyone has any legitamte questions, I would be happy to answer. For those who want to hate on someone elses gain or deisre for improvement, dont bother.
Best D
Posted on: 2/1 21:11
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Just can't stay away
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D- I was confused about the radiant heat in the bathroom - we had the tour with the construction guy and he told us it was something they did for the 2nd floor bc of the garage underneath, but when I mentioned it to Joe, he was baffled. Did it look like most of the 2nd floor units were at this point of completion? how were the hallways? see you soon, neighbor
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Posted on: 2/2 9:07
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Hi Everyone.
My husband and I just bought here. Let me tell you I was dead set against this place because of its location. Didn't even want to see it, but then I figured what the heck? Even after our first visit I barely took a serious look. But after leaving the property it all started to sink in. We've seen about 5 other 2 bedrooms in JC, nothing has compared in size, finishes, and price. I went a second time, and then a third time and once inside you do not here the overpass. And to be honest, when outside the overpass is just white noise in the background. As far as completion goes, we were there about 3 weeks ago and the first fl units are completed, we are buying on the second floor and our unit is almost done, but we are not closing until first week of May so we are not too concerned. There is a 5 year tax abatement. As for sound, there is carpet in every bedroom and each unit has the same floor plan over it, so carpet over every floor so no heals clicking. And my husband and I did the scream test, I went to the condo next door and he stayed in the same one, I screamed at the top of my lungs and he barely heard me!. Now this is with no furniture, fixtures and in a completely empty unit. Don't get me wrong, if our budget was $600,000 we would be looking someplace else, but being that it isnt, we are very excited about what we've found. Hope this helps.... K
Posted on: 2/2 9:10
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What makes me think twice are the apparent misrepresentations. If it is truly the case that new home constructions never, ever finish on time, then presumably the salesman knows this and shouldn't be making promises about completion dates. As previously mentioned by another poster, there were representations that closings HAD to be completed by last October 2009 in order for sales to be included in the prior fiscal year. Considering unforeseen events, the October closings shouldn't have been part of the sales pitch to begin with. The delays have been aggravating. Buyers have relied upon that information; and had planned accordingly. Another misrepresentation was that there were certain units that were to receive priority in terms of completion because these were the units that were to close first. That clearly has not been the case.
Based on the previous poster, closings are now scheduled as late as May?
Posted on: 2/2 10:17
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Home away from home
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I am happy to see this getting finished as well as the two large condo projects on Newark Avenue at Coles and at Monmouth!
It is amazing how much building is still going on rapidly Downtown - like those towers by pep Boys or the ones on Grand. I myself would be worried if I was a developer -- but even in the worse case they will end up rental units. Every week there are lots of new people still moving here from NYC - (lots of cute new dogs too) - we are very happily surprised! 
Posted on: 2/2 11:43
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Tino- As per our last visit, there was carpet in the halls on the 2nd floor (it was covered in plastic shrink wrap for protection) but it was installed. I didn't take a deep look inside the other units, but they seemed to be at around the same state as ours (by rough glance through the doors). As for the radiant heat, I heard directly from the sales guy that we had it nor did I ask about other units, so I am uncertain regarding the radiant heat on the other floors, I do not think that being above the garage should play a roll in needing radiant heat as this is an Energy Star certified complex and there is 18-24 inches of concrete between the garage and the unit. As for closing time period, we just got 60 day rate lock from khov mortgage and was told by the lender that people on first floor are starting to close at the end of the month. Joe the sales guy said 2nd week of March for us and mortgage guy said he was told 2nd or 3rd week for 2nd floor depending on unit and whatever order they have developed. But who knows.... D Quote:
Posted on: 2/4 22:32
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I think it is Joe the sales guy who does a lot of the puffery. He also told me that Cablevision services this area with cable television.
I am not sure it is a direct reason for the delays, but the site supervisor changed once or twice. The first guy was ridiculous and seemed proud to spend a lot of time on disability. The building looks better than I expected from the outside. I assume the people who move in will have to deal with continuing construction on the higher floors as well as construction of a building on 2nd Street next door. Hopefully that won't take too long.
Posted on: 2/5 0:20
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Not too shy to talk
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Joe the sales guy is the same guy that said back in August that he guarantee if we buy a unit it'll be available to close in November. I'm glad I didn't. I hope my current builder don't do the same to me in May or else I'll be losing my rate lock. I think it's irresponsible of these sales to lie in people's face like that as it's not only monetary damage that they will face.
Anyway, it did look like the building is coming along finally as I stopped by last weekend when I was close by Grove Street.
Posted on: 2/7 0:58
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That's why that salesman has ZERO credibility and, by extension, the builder Matzel & Mumford (K. Hovnanian) has likewise no credibility. So, as they say, buyer beware! Don't take everything the salesman says at full, face value. He willl tell you what you want to hear, and lull you into believing everything he says.
Posted on: 2/7 6:13
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Just can't stay away
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Couldn't agree more - he was telling us a December move-in up until we got the contract and that was the first time we saw 'March' move-in. Whatever though, the price is decent, the apartments are nice and it looks like we'll be moved in by April at the latest... Still doesn't make up for being lied to, but once we're moved in we wont have to deal with him.
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Posted on: 2/8 11:42
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There is only one cable company that serves Jersey City and that company is Comcast.
Posted on: 2/8 13:12
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I just do not understand some of the people on this forum. Joe is a sales guy he is going to tell you the best case scenario everytime. How many people would buy from a builder if they were like---
"Well we want to be done in June, but more likely than not we are going to hit a few delays, we wont be able to bribe the fire department and building inspector to move our inspections up on the list (b/c of a rather noteworthy scandal and FBI corruption bust), we will hit some delays with weather, and so maybe we will be done in october, maybe next year march or maybe later." I mean seriously, when we bought our apartment from the guy last April he told us shooting for end of summer early fall, maybe later, and that it was in M&M best interest to close before the end of october for their fiscal year. Since we are a bit overbearing and eager for out first home we have been following up with him pretty much every week or two since we bought (I'm sure to his dismay) so we were aware of the reasons and causes for some/most of the delays. It is hard to control when the inspector comes to look at the property (especially with all of the new developments in JC government) and it is even harder to control the weather. Fact of the matter is if you are interested in buying an apartment here go look at the units. I personally, in all of my search havent found a better interior for the money anywhere. Does the Location bother me a little bit? Yes. Did it ultimately affect my decisions? NO We are buying a property and a home not a realtor/sales person. You could have had a tape recorder selling the unit and with all of the features for the price we still would have bought.
Posted on: 2/10 13:09
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That's not true the fire dept and building inspector always has their hand out. Especially the fire dept which tried to shake down our condo.
Posted on: 2/10 13:31
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At the time Joe was saying that the building would be finished in October, 2009, there simply was no way that it was going to happen. It was not because of inspectors or the weather. It was simply unrealistic. As a representative of a company, if he is a liar, it would make me skeptical of the project as a whole. What else are they being untruthful about? Are the estimated maintenance fees realistic? The estimated taxes?
Posted on: 2/10 13:33
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And, in fact, Joe the salesman MUST have known that the October 2009 completion was unrealistic, yet he used this as part of a deliberate and successful plan to induce people to buy. The list of untruths and misrepresentations is legion. The reality is people would likely not be so upset if he was upfront with prospective buyers and truthfully disclosed the correct information at the outset. But by giving false information, he set expectations that naturally were not met.
Hopefully, the builder Matzel & Mumford will do the right thing to make it up to buyers. There is a clear pattern of dishonesty and deception by this salesman.
Posted on: 2/10 15:15
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I do not get dishonesty from my dealings with Joe (Sometimes uncertainty but not dishonesty). Personally, I have had no problems, yes they are behind, but I have been through many new construction projects with various friends and family, and I can safely say that not one has met the estimated completion date (Infact most finish at least a year after). Why is this so foreign to most of the members of the board? The only thing that the sales guy has mistated is the closing date. Something that I'm sure he was given from members of the construction/developement team. I do not want to seem like I am defending him b/c that is not the case, but many people have bought in this development and are very excited and eager about our purchases and frankly I am tired of seeing people bash a project that from all accounts of my last visit a week ago is a very good and satisfying purchase. The question I constantly have is whether you are really disappointed in the property or if you are trying to steer people into your own developement which you are trying to sell (I have seen either in this post or others people trying to steer into Dixon Mills among other properties) and as such are you really the one who is being dishonest?? And if you are disapointed in the property shouldn't you either get your security deposit back (Since you don't seem happy and they are obviously past the estimated closing dates in your purchasing contracts) or find another place that you would prefer that fits within your budget. There are plenty to choose from currently??? (sorry for the run-on sentence/ rant) Quote: Hopefully, the builder Matzel & Mumford will do the right thing to make it up to buyers. There is a clear pattern of dishonesty and deception by this salesman.
Posted on: 2/10 17:03
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There is no need to blow a gasket. People are just genuinely airing their opinions or feedback. Quote:
Posted on: 2/10 18:06
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Is anyone willing to share how much they paid per square foot? How much is Joe reducing the prices off list?
Posted on: 2/22 12:50
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I dunno, how much are people payng for these condos? I would imagine the price per sqft would be pretty cheap in this neighborhood. Not sure I'd walk back there at night after 9pm either. Newark avenue is very seedy. Also, its kinda noisey there with the nj turnpike overpass and path trains coming thru.
Posted on: 2/23 15:12
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Home away from home
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Although I am not a fan of Joe, Crescent Court has noticeably helped improve the look of the neighborhood. Is anybody willing to share information on pricing?
Posted on: 2/28 20:08
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Just can't stay away
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2009/6/11 9:44 From Henderson Yards
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I visited our apt over the weekend and I'm definitely loving the whole look of the place - nice entrance way, rich colors in the hall ways, and the apt itself was beautiful. Unfortunately, the oversized water heater (seems way too big for a 1BR) has killed closet space and the bathroom, while spacious, takes away room from the bedroom and closets.
SRG - pricing is consistent with what Joe told you when you met him. We got a 20% incentive to go through KHov's mortgage company, but the original price is clearly a bit inflated. They didn't move from that price.
Posted on: 3/1 10:16
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Home away from home
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consider going with a 15 gallon electric water heater if you are efficient in your water usage. also, on-demand water heater might help with space.
Posted on: 3/1 10:25
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Just can't stay away
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2009/6/11 9:44 From Henderson Yards
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Got a call from the builder the other day saying that they're having an issue with water pressure getting into the building from the city water lines. Blamed it on the city (I think so that the delay is not technically their fault) and said that they're going to be running a new pipe from 3rd street to Crescent Court. Anyone hear anything about this? Timeline on how long something like this would take? They said best-case scenario is early May for move-in, but that seems a bit aggressive seeing that there are no permits in place or even engineering.
Posted on: 3/11 9:18
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Haven't heard anything. When did you hear about this development, Tino? This week?
Posted on: 3/11 17:28
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Any thoughts on starting a user group for future residents of Crescent Court? We can ask the builder to keep everyone apprised of progress?
Posted on: 3/16 14:56
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Home away from home
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I received an email today from Crescent Court listing move-in dates for different apartments in April, May and June. Since there has not been much construction activity recently, I think they are just about finished.
Posted on: 3/31 15:00
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Home away from home
Joined:
2004/9/15 15:03 From 99¢ Dream
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Crescent Court, Jersey City: Jersey City's best real estate value, these condos are in a quiet neighborhood. One- and two-bedroom homes are available in time for the credit. An example of a two-bedroom home is a 1,191-square-foot home with two bedrooms, two baths and a parking space under the building. $419,900. 201-222-2745.
http://www.app.com/article/20100411/H ... -of-homes-still-available
Posted on: 4/11 4:43
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