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Re: The Saffron - 213 Newark Avenue
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Newbie
 
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PM sent
Posted on: 2011/7/12 1:33
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Re: The Saffron - 213 Newark Avenue
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Home away from home
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I don't live at Saffron but we are there often visiting our brother and sister in-law. They love the building and I have to say that we thoroughly enjoy hanging out at their place.
Posted on: 2011/7/12 0:56
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Re: The Saffron - 213 Newark Avenue
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Newbie
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Anybody live in this building that I can bounce a few questions off? It would be greatly appreciated as I'm getting ready to pull the trigger.
Posted on: 2011/7/10 19:13
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Re: Saffron on Newark Ave
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Home away from home
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Quote:
Yes, the garage is accessed from Maxwell Alley behind the Capital One bank. We looked at this place when we were in the market last year and did not end up buying there because of the cramped layouts of the 2BR units. We bought nearby at Crescent Court where the units were much larger and included indoor parking for less money.
Posted on: 2011/5/17 15:48
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Re: Saffron on Newark Ave
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Home away from home
Joined:
2009/6/29 19:45 Last Login : 2019/3/21 20:55 From The Heights
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Is there a garage for this building? If so which street is it on, as I always thought there was none.. Then again I only saw it from Newark Ave
Posted on: 2011/5/17 2:47
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Re: Saffron on Newark Ave
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Home away from home
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Nice building, great location and the prices are good for new construction. The floor plans are on the smaller size but the ceiling height are 10ft so the units feel spacious. They are over 70% sold.
Good luck!
Posted on: 2011/5/17 2:38
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Saffron on Newark Ave
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Home away from home
Joined:
2008/6/5 10:12 Last Login : 2016/11/8 21:51 From Jersey City
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Hi,
Does anyone have an opinion about this place? At a quick glance, it looks beautiful, but I'm no expert in judging condos. Has anyone dealt with the management? Does anyone live there? I'm thinking (but not really seriously) about buying a unit there. Atsushi
Posted on: 2011/5/16 16:02
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Re: The Saffron - 213 Newark Avenue
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Home away from home
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I am not making anything up. Walk by at night and you will see that there simply are no lights on. It is obviously better for the neighborhood if this place sells out.
I do have one criticism though. I thought it was ridiculous that it took 6 months to finish repairing the broken stone and window in front of the building. Was it an insurance issue that caused the delay?
Posted on: 2010/6/16 5:30
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Re: The Saffron - 213 Newark Avenue
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Newbie
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Wow, everyone really makes up things on this site! I work for the management company, MEM. There are no units for rent, only for sale and only 4 one bedroom floor plans remain in the 76 unit building. They are 45% sold in 6 months and 30 new home owners have closed and moved in. There are two buildings separated by a court yard so you are only seeing 25% of the complex from Newark Ave.
Its strange that someone would post that 5 units have sold since that is a complete falsehood and even stranger that someone would posted one bedrooms are for rent. I am there twice a week and I certainly would know. Jeff Levine
Posted on: 2010/6/16 1:53
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Re: The Saffron - 213 Newark Avenue
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Home away from home
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The whole place looks dark at night. Perhaps there are 5 residents?
Posted on: 2010/6/16 0:30
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Re: The Saffron - 213 Newark Avenue
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Newbie
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They just changed the advertising out front from listing 1 and 2br units for sale to listing 1br units for rent and 2br's for sale.
Posted on: 2010/6/15 21:45
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Re: Saffron, Jersey City
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Newbie
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This is directly from the management company.
45%sold. 30 units are closed and occupied. Looks like they are selling at a relatively good pace!
Posted on: 2010/6/8 18:24
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Re: Saffron, Jersey City
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Home away from home
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is there anyone living in the Saffron? I thought they had a successful auction.
Posted on: 2010/6/8 17:02
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Re: Saffron, Jersey City
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Home away from home
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Quote:
The building has been finished since October. The building had been open to the public for inspection in October 2009 prior to the auction on November 8th. Hundreds of people got an up-close look at everything including myself. Very clean design, mediocre finishes. But the deal-breaker is the tiny spaces. Most of the 2-BRs are around 900 sq ft. The BR's are small such that the utility for most people is less than that of a 1 BR. No separate kitchens in any of the units. The kitchen sink, counter and fridge reside along the wall of the living area. This less-than-ideal feature is necessitated by the lack of sq. footage...
Posted on: 2010/1/21 22:16
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Saffron, Jersey City
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Not too shy to talk
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Posted on: 2010/1/21 21:04
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Re: The Saffron - 213 Newark Avenue
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Home away from home
Joined:
2009/5/15 4:26 Last Login : 2017/12/25 1:59 From here to eternity
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Quote:
jc1 --- do you know something about the pricing that we do not know?
Posted on: 2010/1/15 21:33
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Re: The Saffron - 213 Newark Avenue
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Newbie
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Maybe you misunderstood. 1-I in no way referenced initial prices, only that if opening prices were 399k for 2BR it is likely that the developer still intends to sell some more desireable units above that price-in response to you stating they would sell for 400k across the board 2-I was disputing your assertion that due to the prices the developer/ment were in danger of going belly up. 3-I agree with your 3rd interpretation, your pretty sharp!
Posted on: 2010/1/15 21:27
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Re: The Saffron - 213 Newark Avenue
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Home away from home
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The facts: As of 11/2009, the lowest priced 2 BR apt at the saffron was listed at $515K. Today, the lowest priced 2 BR apt is available for $399K -------------------------------------------------------------- Interpretation: 1. The market has really tanked in 2 months. 2. The initial asking price of $515K was too high and the developer realizes it now and is making adjustments. 3. The initial asking price of $515K was never seriously considered by the developer, but was printed on all the brochures nevertheless possibly to elicit and encourage generous bids at auction. The developer has now advertised the real asking price they wanted all along. 4. Some mixture of the above scenarios. It's called "logic", people. Use it.
Posted on: 2010/1/15 19:17
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Re: The Saffron - 213 Newark Avenue
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Home away from home
Joined:
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Quote:
i wish the best for the project and the developer, but it is just ...
Posted on: 2010/1/15 17:17
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Re: The Saffron - 213 Newark Avenue
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Quite a regular
 
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The auction established 400k as the market price of the BEST 2 bedrooms in this building (do you think the bidders picked the crappy 2 bedrooms or the best ones?). If they price all the 2 bedrooms at 400k I think they'll do alright, even though it appears the whole building is constructed of elmers glue and dust. If they want 500k for 2 bedrooms, I see the belly up scenario playing out.
Posted on: 2010/1/15 16:08
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Re: The Saffron - 213 Newark Avenue
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Newbie
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To be clear, I already own in JC. I did visit the Saffron and need to dispute some of your language. First, 2 BRs "starting" at 399k obviously implies that the least desirable, smallest 2BR unit(s) are available for 399k. This does not in anyway imply anything that you are insinuating related to going belly up. I love the drama some of you like to create, it is truly absurd.
Posted on: 2010/1/15 15:12
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Re: The Saffron - 213 Newark Avenue
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Home away from home
Joined:
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Quote:
Well, I guess the Saffron changed their minds. Just got an e-mail from them announcing that 2 BR units there start at $399K. Those of you that insisted that these units are worth upper $400's now have your chance to put your money where your mouth is... the developer is getting antsy ... clearly, the auction approach brought in some business, but is the developer so desperate to cut prices right going into the spring selling season? i do hope that they won't go belly up. it would be sad for a decent, but overpriced and somewhat overhyped, property ... and particularly those who actually bought the place to live in, and not to flip.
Posted on: 2010/1/15 4:25
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Re: The Saffron - 213 Newark Avenue
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Home away from home
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The facebook page is comical. NEVER trust a page that disallows posts.
Posted on: 2010/1/15 1:55
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Re: The Saffron - 213 Newark Avenue
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Home away from home
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www.saffronjc.com
http://www.facebook.com/pages/Jersey- ... /The-Saffron/145517961870 http://www.saffronjc.com/video.html
Posted on: 2010/1/15 1:19
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Re: The Saffron - 213 Newark Avenue
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Home away from home
Joined:
2007/11/29 18:19 Last Login : 2015/7/15 3:35 From Jersey City, NJ
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The problem is the mysterious taxes and property tax abatement.
Given that JC is going to go out of control and start taxing left and right... you could buy something now, and in a few years, your property taxes could triple or quadruple... WHO WANTS THAT. JC Needs property tax relief and reform now. My next door neighbor pays half that I do for a bigger space. CRAZY. FG
Posted on: 2010/1/15 0:04
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Re: The Saffron - 213 Newark Avenue
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Home away from home
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Well, I guess the Saffron changed their minds. Just got an e-mail from them announcing that 2 BR units there start at $399K. Those of you that insisted that these units are worth upper $400's now have your chance to put your money where your mouth is...
Posted on: 2010/1/14 23:54
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Re: The Saffron - 213 Newark Avenue
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Home away from home
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Does anyone know what happened to the front of the place? A car smashed into the building?
Posted on: 2010/1/11 2:47
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Re: The Saffron - 213 Newark Avenue
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Home away from home
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you cannot use 1 average price for both luxury high rise concrete building and those low rises/mid rises like saffron/dixon mills, there is a sizable price gap.
As for this development, the location is definitely better than the other building on newark by the highway. But for the price they went for in the auction, i would picked hamilton park, you can get a similar priced unit in luxury buildings like Park Hamilton etc.. which has better layout/surroundings. The auction price is just barely acceptable, the buyers definitely got a better deal than the ones from the beacon auction, who were just out of their mind paying 400k+ for a unit there.
Posted on: 2009/11/18 19:40
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Re: 213 Newark Avenue Named "The Saffron"
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Home away from home
Joined:
2009/5/15 4:26 Last Login : 2017/12/25 1:59 From here to eternity
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and they are charging roughly $400/sq ft ... blows my mind ...
there must be some flips in the building, and what i understand having looked at the tax records, one owner has not paid taxes for a while and is accruing interest ... anyway, the yellow vinyl siding ads class to the building and emphasizes the architectural vision. comparing it to other newer developments in that area, this place is really overpriced ...
Posted on: 2009/11/17 2:46
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Re: 213 Newark Avenue Named "The Saffron"
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Home away from home
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Even from the outside you can tell what a cheap job that place is - WTF is up with the placement of windows (and how tiny they are) at that place?
Posted on: 2009/11/17 1:28
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