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Re: Buying "Hold" Properties in JC Ghetto
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andrewjake wrote:
A lot of these links that have been provided are for the larger houses on the east (?) side of the street. The opposite side has what look like smaller homes, still brick and very nice looking.

Have any of those been restored?


Only one house that I know of looks like it had been restored, but others have been gut renovated, with all new materials, however not sure if any of those kept any original materials other than fireplaces:

90 Astor Pl was restored a while back and there used to be some pics of the restoration done, but I don't see those online anymore.

3 recent listings for properties on that side of the street, 1 renovated, 2 older listings with varying degrees of original details remaining, but unrenovated in the real sense:

92 Astor (renovated but not restored) - went on the market a week or so ago for $575k (already under contract for above listing price)
Pics here:
http://www.zillow.com/homedetails/38915998_zpid

68 Astor Pl - not renovated or restored, went on the market for $569 in the last month or so, but is now off the market. Not sure if it's under contract or just taken off the market
Pics here:
http://www.zillow.com/homedetails/38915986_zpid

56 Astor - not renovated or restored but I believe still has some original details remaining and so an absolute steal at $399k
Pics here:
See what I found on #Zillow!
http://www.zillow.com/homedetails/38915980_zpid

56 Astor and 68 Astor are the same footprint 14' wide houses, and I'm not entirely sure how bedrooms are calculated (so take the info in listings with a grain of salt).

Posted on: 2016/5/29 18:45
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Re: Buying "Hold" Properties in JC Ghetto
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you know an area has gentrified, when you see certain people from jersey city at tiffany's trying to use food stamps to buy a jewelry

Posted on: 2016/5/18 22:32
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Re: Buying "Hold" Properties in JC Ghetto
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jctexan wrote:
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BergenHill wrote:
Rumor has it that 9 Astor Place sold for $475K.

http://www.trulia.com/property/320455 ... r-Pl-Jersey-City-NJ-07304



9 Astor sold for $575k (over asking price)
13 Astor (which had been purchased for $550k in early 2015 after extensive renovations) sold in Feb this year for $650k (over asking)

Rumor has it 75 Astor sold for $750k


75 Astor sold for 700K couple months ago:

http://www.zillow.com/homedetails/75- ... y-NJ-07304/38916078_zpid/

Posted on: 2016/5/18 17:23
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Re: Buying "Hold" Properties in JC Ghetto
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A lot of these links that have been provided are for the larger houses on the east (?) side of the street. The opposite side has what look like smaller homes, still brick and very nice looking.

Have any of those been restored?

Posted on: 2016/5/16 20:20
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Re: Buying "Hold" Properties in JC Ghetto
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hopefully, uncle fulop's reval will help address the property tax issue more properly. i'm sure downtown property owners will be glad to see that prices in the bergen-lafayette, jsq, greenville and the heights are rising too

Posted on: 2016/4/12 20:01
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Re: Buying "Hold" Properties in JC Ghetto
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hero69 wrote:
wow


Yes wow the taxes are lower than mine smdh

Posted on: 2016/4/12 19:34
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Re: Buying "Hold" Properties in JC Ghetto
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bodhipooh wrote:
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SRhia wrote:
How much do you guys think the renovated buildings would be on the market for (the ones on Astor Pl)?


I don't think anyone can answer THAT, but if you look at the 13 Astor Pl data in Trulia, it went from 140K in 12/2013 to 550K in 2/2015. That's quite impressive. Which is also why I wanted to get a look at what they did with the place. As it looked back in 2013, it was a total mess. A dump, really.


It sold again a month or so ago for $650k. Pics here:

http://www.trulia.com/homes/New_Jerse ... r-Pl-Jersey-City-NJ-07304

Posted on: 2016/4/12 19:33
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Re: Buying "Hold" Properties in JC Ghetto
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Posted on: 2016/4/12 19:28
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Re: Buying "Hold" Properties in JC Ghetto
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BergenHill wrote:
Rumor has it that 9 Astor Place sold for $475K.

http://www.trulia.com/property/320455 ... r-Pl-Jersey-City-NJ-07304



9 Astor sold for $575k (over asking price)
13 Astor (which had been purchased for $550k in early 2015 after extensive renovations) sold in Feb this year for $650k (over asking)

Rumor has it 75 Astor sold for $750k

Posted on: 2016/4/12 19:19
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Re: Buying "Hold" Properties in JC Ghetto
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I sent you a PM.

Quote:

user1111 wrote:
I like Pine Street, I am currently looking to buy a place there now. I tried a few years ago and got beat out by another investor. Its a lovely street but no parking what so ever.

Posted on: 2015/8/7 18:53
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Re: Buying "Hold" Properties in JC Ghetto
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LimpiarElSucio wrote:
not everyone has a car.


That is true. But, most of the newcomers moving to BeLa, and particularly the area around The Foundry and this new development, seem to have at least one car, and some families even have more than one vehicle.

For example, most Foundry residents have a car, and some of the couples living there have two cars, so they use one spot at the building lot, and another at the Park & Ride.

Posted on: 2015/8/7 18:41
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not everyone has a car.

Posted on: 2015/8/7 16:00
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CatsnDogs wrote:
The new construction on Suydam will have it's own parking.

http://www.nj.com/hudson/index.ssf/20 ... ments_groundbreaking.html


Yes, but there will be a net gain of cars since the spots won't be sufficient for all the renters. The builder conceded as much when he presented the project to the Morris Canal Conservancy meeting I attended. As I recall there will be 42 parking spaces for the 83 units.

Posted on: 2015/8/7 12:55
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I live on Astor Pl, not sure what the hate is all about, but I think it's is a great block. Great neighbors. Newcomers and old-timers (who still take up about half the block) take great care of their homes. It's the reason we chose to move here. It is the longest unbroken run of row houses in jersey City, which makes it very pretty. There are some truly gorgeous homes at Summit and Astor and its surrounds. True the wires are an eye-sore, but pretty common, and they'll prolly be buried sooner than later.

Doctor's row is nice also. Along most of the N/S aves, JFK, Bergen, and Monticello, there are sketchy large apt buildings. Lots of loitering. My husband walks our dog down to West Side via Bentley and back down Gifford and there are sketchy corners the whole way. However, the area/neighborhood by Lincoln Park is very pretty, although it's not brownstones (row houses, to be precise) like downtown, it's very pretty older bigger Victorians. Taxes are a bit higher there (generally double on those larger lots), but the area as a whole is really nice, save for those few sketchy areas; just like downtown used to be.

Posted on: 2015/8/7 6:02
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SRhia wrote:
What are some good blocks in Berg-Layf?

Not familiar with the area (no car), but definitely interested. I've heard Astor Pl is nice.

Can others suggest some good blocks as starting points?

Thx.


I too have moved to the area and I have to say I enjoy my blocks quite a bit. I live near gifford and JFK and the area is quite nice. It has tall old trees, nice Victorian homes, beautiful Lincoln park is close by. There's a few good blocks around there. As you approach Bergen and monticello it gets more sketch. I dont feel unsafe there, just not as middle class. Supposedly a theatre is to be built near St Peter's university, which is a ten minute walk away. Also some decent ammenities/shops on west side ave also 10 minutes walk away. Busses come by jfk on a regular basis and it a 20 minute walk to journal square or the westside lightrail. If priced out of dtjc, its a pretty good spot.

Btw, all the stuff about Astor place is way overblown. Its an OK block, not too different from others around it: middle class with hints of rough edges and houses without much character. And the electrical lines are an eye soar on the block.

Posted on: 2015/8/7 2:16
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Oh my G-d--do not come to Bergen-Lafayette if you're worried about crime or parking. Stay downtown or in Brooklyn.

Posted on: 2015/8/7 1:39
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The new construction on Suydam will have it's own parking.

http://www.nj.com/hudson/index.ssf/20 ... ments_groundbreaking.html

Posted on: 2015/8/6 19:41
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Parking is going to be a huge issue going forward. The large rental on Suydam, the new condos on Whiton, the new condos on Pacific all will be adding cars without adequate onsite parking will fill up the streets.

Posted on: 2015/8/6 19:35
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I like Pine Street, I am currently looking to buy a place there now. I tried a few years ago and got beat out by another investor. Its a lovely street but no parking what so ever.

Posted on: 2015/8/6 19:20
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Re: Buying "Hold" Properties in JC Ghetto
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They're all good blocks if yer packin!

Posted on: 2015/8/6 16:19
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What are some good blocks in Berg-Layf?

Not familiar with the area (no car), but definitely interested. I've heard Astor Pl is nice.

Can others suggest some good blocks as starting points?

Thx.

Posted on: 2015/8/6 15:53
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I bought my 1880s row house on Crescent Ave in Bergen-Hill in 2004 for $142,000. It appraised two weeks ago for $270,000. I have offstreet parking and it's the only house that does on the block. This is Bergan-Lafayette with all of its discomforting crime and issues. I am a happy homeowner.

Every day I hear of people from downtown and other areas of JC buying in Be-La and of others who are starting to look to buy here.

Posted on: 2015/8/6 14:24
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Re: Buying "Hold" Properties in JC Ghetto
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hero69 wrote:
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the1jonc wrote:
Astor Pl will keep rising.

Simple reasons.

1) Great Housess/Potential

2) I sold a house around the corner and lost a lot of $$. It is a sure sign that the neighborhood will take offas soon as I get out.

3) Monticello Ave. This street is an enigma in the NYC metro area. Where else is there a street with so many empty store fronts.
sure, monticello has a lot of potential if one could teleport the poor and problem makers...there are so many vacant store fronts on monticello because there's not too much disposable income in that area and transporation sucks socks

The poor and problem makers are getting teleported. That is what happens when the homes they live in are purchased and the tenants replaced. Buildings downtown didn't magically go from gang hangouts to safe havens overnight. It was via the tool of gentrification.

Posted on: 2015/7/24 20:47
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Re: Buying "Hold" Properties in JC Ghetto
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the1jonc wrote:
Astor Pl will keep rising.

Simple reasons.

1) Great Housess/Potential

2) I sold a house around the corner and lost a lot of $$. It is a sure sign that the neighborhood will take offas soon as I get out.

3) Monticello Ave. This street is an enigma in the NYC metro area. Where else is there a street with so many empty store fronts.
sure, monticello has a lot of potential if one could teleport the poor and problem makers...there are so many vacant store fronts on monticello because there's not too much disposable income in that area and transporation sucks socks

Posted on: 2015/7/24 19:13
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Re: Buying "Hold" Properties in JC Ghetto
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Astor Pl will keep rising.

Simple reasons.

1) Great Housess/Potential

2) I sold a house around the corner and lost a lot of $$. It is a sure sign that the neighborhood will take offas soon as I get out.

3) Monticello Ave. This street is an enigma in the NYC metro area. Where else is there a street with so many empty store fronts.

Posted on: 2015/7/24 18:20
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Re: Buying "Hold" Properties in JC Ghetto
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user1111 wrote:
Condos Suck ass.

Not if you are not even remotely handy, and consider yourself lucky to be able to hang blinds (mine fell down after a week). I know several people who never should have bought houses.
i'm confused. is that a good or bad thing?

Posted on: 2015/6/26 4:13
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Re: Buying "Hold" Properties in JC Ghetto
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Qiu001 wrote:
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BergenHill wrote:
Rumor has it that 9 Astor Place sold for $475K.

http://www.trulia.com/property/320455 ... r-Pl-Jersey-City-NJ-07304


Not sure how it could've sold since closing takes a couple of weeks. I do know there was an offer being placed for 560k right after the open house. It could've fell through but even if it did go for 475 is almost double what the owner paid for.


Right, I would assume the person meant that an offer was accepted, which may very well fall through.

Posted on: 2015/6/26 3:47
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Re: Buying "Hold" Properties in JC Ghetto
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How much would the renovation have cost to bring 9 Astor place to its current state? Just a rough figure?

Quote:

Qiu001 wrote:
Quote:

BergenHill wrote:
Rumor has it that 9 Astor Place sold for $475K.

http://www.trulia.com/property/320455 ... r-Pl-Jersey-City-NJ-07304


Not sure how it could've sold since closing takes a couple of weeks. I do know there was an offer being placed for 560k right after the open house. It could've fell through but even if it did go for 475 is almost double what the owner paid for.

Posted on: 2015/6/26 2:53
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Re: Buying "Hold" Properties in JC Ghetto
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BergenHill wrote:
Rumor has it that 9 Astor Place sold for $475K.

http://www.trulia.com/property/320455 ... r-Pl-Jersey-City-NJ-07304


Not sure how it could've sold since closing takes a couple of weeks. I do know there was an offer being placed for 560k right after the open house. It could've fell through but even if it did go for 475 is almost double what the owner paid for.

Posted on: 2015/6/26 2:47
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Re: Buying "Hold" Properties in JC Ghetto
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Wow, I'm surprised they dropped nearly $100k on the price after just two weeks on the market.

Posted on: 2015/6/26 2:19
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