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Re: 1 family, 4.6 million
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"Did anyone notice the taxes, $17.5k? that will quadruple in a reval if it actually sells, that's more like for a place assessed at $400k"

That's probably a five year tax abatement. Wait till the real taxes kick in. I was talking to a real estate agent last night that said the place is gorgeous, but won't get near that price. The pictures on the site suck. Bad marketing.

Posted on: 2009/1/10 16:36
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Re: 1 family, 4.6 million
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I believe the old gym building next door is being offered for around 1.5mm and it boasts something like 11,000sf. Granted it hasn't been converted to residential yet. Some interesting places on that part of Newark, but kinda doubt either fetches the dough the owners are hoping for. Would take a very unique buyer...

Posted on: 2009/1/10 13:06
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Re: 1 family, 4.6 million
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Reminds me of this old story, he started by asking $9m for a 1st St place.


http://jclist.com/modules/newbb/viewt ... t_id=85097#forumpost85097


http://jclist.com/modules/newbb/viewt ... t_id=43048#forumpost43048

Did anyone notice the taxes, $17.5k? that will quadruple in a reval if it actually sells, that's more like for a place assessed at $400k.

Posted on: 2009/1/10 5:54
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Re: 1 family, 4.6 million
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For $ 4million+, I would expect more than just four dinky photos on the website. Sheesh.

Posted on: 2009/1/10 2:39
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Re: 1 family, 4.6 million
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great room with 2 waterfalls

LOL!

Either they are in the music business or play professional sports.

Ouch. That house kills me.

Posted on: 2009/1/9 23:28
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Re: 1 family, 4.6 million
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ive been in the house on one of the arts tours.. its definetly quite unique, and a labor of love but, no, it's not worth that kind of coin

Posted on: 2009/1/9 22:12
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Re: 1 family, 4.6 million
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I've never been in, but I know the owner and I know how much work she's done over the years... it's the entire building... 4 stories with multiple decks, etc... Very cool place. Who knows if it's worth 4.6mil, or if she'll get it, but just keep in mind it's not a condo or even 'an entire brownstone', it's a huge freakin' 7000sf building!

Mark.

... checking pockets.... damn only 3mil.

Posted on: 2009/1/9 22:12
www.JerseyCityMusic.com
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Re: 1 family, 4.6 million
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It comes with a microwave.

Posted on: 2009/1/9 22:02
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Re: 1 family, 4.6 million
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This is great... Read the description:
Quote:
Description:
Magnificent custom designed luxury home in a multi-floor loft building; three terraces w/panoramic views of NYC; This one of a kind home offers a private elevator and Antonio Gaudi inspired architectural details; 1,000SF master bedroom with a 23'X 14' master bath; swimming pool; guest floor with two bdrms and lounge; Top of the line granite kitchen; living room; dining room; great room with 2 waterfalls; an entry suite and 5 car indoor garage make this a Beverly Hills palace only mins to NYC.


Dude, does this guy realize that his home is in Jersey City! a 300sq ft bathroom? a pool? Not one, but two waterfalls? I'm sorry, come again... a waterfall?

Just for comparison, an entire brownstone on essex st. (in Paulus Hook) just went for exactly $2mm, so why would a place that's 2 blocks from that cemetery (not to mention the highway) go for over double that? (that extra $2.6mm is for the pool & waterfalls i guess...). Don't get me wrong, the place is beautiful, but $4.5mm in this economy is a total joke...

I'm no real estate expert, but given the location, maybe you pay $300sq ft (7,000x300=$2.1mm +100k for the parking+100k?? for the pool) so maybe $2.3mm? Plus, have fun getting a jumbo loan for that place...

Posted on: 2009/1/9 21:43
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Re: 1 family, 4.6 million
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No chance, especially not in that location.

Posted on: 2009/1/9 20:45
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1 family, 4.6 million
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I saw this listing, its got a 5 space indoor parking garage, but is there any chance that they will get anything close to the asking price?

Financials
Price: $4,625,000
Property Tax: $17529
Home Insurance: $6000
Down Payment: 30%

331 Newark Avenue
Fourth Street

Bedrooms: 3
Bathrooms: 5
Type: 1 Family
Style: Brownstones
SqFt: 7000+
Basement: Yes
Pets Allowed: YES
Lot Size: 25.79 X 97
Floor(s): 4 floors + basement
Year Built: 1900
Car Spaces: 5


http://www.libertyrealestate.com/publ ... ?listing.listingID=791706

Posted on: 2009/1/9 20:37
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