jmcee wrote:
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bodhipooh wrote:


The problem with the idea of using it as an AirBnB investment property is that from its location to the region's main attractions (NYC!) is not friendly for out-of-towners that need to rely on public transportation. The reason so many AirBnB and SkyCity Apartments are located all over DTJC is that they are all close (within short walking distance) to convenient mass transit.

It's not that far from the Congress LR and short cab ride to Hoboken PATH, but yeah not optimal. But for that view some people probably wouldn't mind. Epic selfies from the rooftop pool!!

bodhipooh wrote:


The problem with the idea of using it as an AirBnB investment property is that from its location to the region's main attractions (NYC!) is not friendly for out-of-towners that need to rely on public transportation. The reason so many AirBnB and SkyCity Apartments are located all over DTJC is that they are all close (within short walking distance) to convenient mass transit.

jmcee wrote:
Or some enterprising person could rent it out and then put it on AirBnB for let's say $700-800 a night or just rent rooms by the night and live there for free. Not a bad hotel room for that kind of money. Any takers?

jmcee wrote:
Or some enterprising person could rent it out and then put it on AirBnB for let's say $700-800 a night or just rent rooms by the night and live there for free. Not a bad hotel room for that kind of money. Any takers?

Wishful_Thinking wrote:
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greenville wrote:
Why pay $20k to look at manhattan when with that much you could live in Manhattan! Oh and it has no parking to boot lol!

On the one hand, Dixon Leasing does a nice job with their renovations, which in turn bring in a more upscale tenant which can only be beneficial for the Heights, and anywhere else this would be a "trophy" property and a benchmark for future investors, so I hope this is a success for them.

That said, $20K/month rent would seem to also demand $20K/month neighborhood amenities. I live about a 10 minute walk from this place, and a few blocks away from Riverview Park and Ogden Avenue you are in a different world. You would have to confine yourself to such a tiny orbit - home/farmers market/ModCup/elevator to Hoboken (if you want to hang with the frat boys) - to feel like your surroundings "fit" and vice-versa.

My prediction - they drop the price to under $17,500/month and rent it to a group of young guys in finance.

greenville wrote:
Why pay $20k to look at manhattan when with that much you could live in Manhattan! Oh and it has no parking to boot lol!

TonyTwoPoops wrote:
Clifton actually makes more sense to me for corporate housing than the heights. What makes this listing so confusing is it's not cheaper than NYC and it's in an undesirable area right next to it - why wouldn't you just get a rental in the city if you're going to spend that much a month?

bunny22 wrote:
It does have parking--for over 3 cars. It also has an elevator. I picture a wealthy family--one with several olderish kids--renting here. They've got the pool, the view, the elevator, the parking, a lot of bedrooms. This set-up would cost a fortune in the city. It's just such a specific target market. Dixon is getting bolder and bolder.

fixjc wrote:
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bodhipooh wrote:
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fixjc wrote:
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bodhipooh wrote:
This was discussed previously in another thread.

Here is the Zillow listing. If the place is indeed the way it looks in the picture, someone may be willing to pay that price. Most likely, as corporate housing for high level executives who come into town for brief stays.

Doubt many "high level executives" are staying in the heights. That's a knock on the neighborhood but more on the time it would take to commute to anywhere. Corporate jets can be luxurious but, more importantly, they're the most efficient way to travel. When you're paying someone high six to seven figures, you're not having them waste time getting around.

Huh? From midtown to this location is about 30 minutes driving, unless you have some major delays at either tunnel. There are very few places to which you can get from midtown in 30 minutes. And, since you bring up the topic of corporate jets, do you realize that MOST corporate jets fly out of Teterboro? That's also 30 minutes away from this property. Very few corporate jets fly out of the main airports in the area (too much traffic, and too much hassle) so they operate out of Westchester County Airport (HPN) and Teterboro (TEB) with a few choosing Linden.

Well, if you have a corporate residence in midtown, you're already in midtown. And you're not living in the heights. I know that most corporate jets fly out of TEB; did you know that the passengers mostly arrive in cars straight from midtown, not coming from places in the heights?

I'm not putting this place down, it looks like a nice house. You wonder if they had a reality show in mind when they were renovating it. But to suggest that it would be used as a corporate residence for executives is ridiculous.

bodhipooh wrote:
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fixjc wrote:
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bodhipooh wrote:
This was discussed previously in another thread.

Here is the Zillow listing. If the place is indeed the way it looks in the picture, someone may be willing to pay that price. Most likely, as corporate housing for high level executives who come into town for brief stays.

Doubt many "high level executives" are staying in the heights. That's a knock on the neighborhood but more on the time it would take to commute to anywhere. Corporate jets can be luxurious but, more importantly, they're the most efficient way to travel. When you're paying someone high six to seven figures, you're not having them waste time getting around.

Huh? From midtown to this location is about 30 minutes driving, unless you have some major delays at either tunnel. There are very few places to which you can get from midtown in 30 minutes. And, since you bring up the topic of corporate jets, do you realize that MOST corporate jets fly out of Teterboro? That's also 30 minutes away from this property. Very few corporate jets fly out of the main airports in the area (too much traffic, and too much hassle) so they operate out of Westchester County Airport (HPN) and Teterboro (TEB) with a few choosing Linden.

fixjc wrote:
Quote:

bodhipooh wrote:
This was discussed previously in another thread.

Here is the Zillow listing. If the place is indeed the way it looks in the picture, someone may be willing to pay that price. Most likely, as corporate housing for high level executives who come into town for brief stays.

Doubt many "high level executives" are staying in the heights. That's a knock on the neighborhood but more on the time it would take to commute to anywhere. Corporate jets can be luxurious but, more importantly, they're the most efficient way to travel. When you're paying someone high six to seven figures, you're not having them waste time getting around.

bodhipooh wrote:
This was discussed previously in another thread.

Here is the Zillow listing. If the place is indeed the way it looks in the picture, someone may be willing to pay that price. Most likely, as corporate housing for high level executives who come into town for brief stays.