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Re: Jersey City mayor-elect orders end to citywide reval
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Problem I see is I'm kind of feeling damned if I do, damned if I don't. We're looking at 1brs downtown. I know that my landlord is paying 14k in taxes on what is likley a 1.5mm brick rowhouse. Come 2018 we'll be looking at a $300+ rent increase when he passes that expense down. May as well start paying a similar rent sooner and start building some equity. I also don't think 1br/1ba condos in 8-10 unit buildings will really get hit that hard. I can't see them getting nailed with assessments beyond 300k despite recent sales in the low to mid 400's. Maybe I'm being naive, but it seems like the townhouses/brownstones combined with the large land owners in Newport will take the brunt.
Posted on: 2016/5/17 0:52
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Re: Is Jersey City Real Estate in a bubble?
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Of the 1br's I've been watching in 07302, they have averaged 5% over asking and landed around $680/ft. Probably a bit of selection bias as I've only really been watching nicer looking places.
Posted on: 2016/5/13 23:17
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Re: Is Jersey City Real Estate in a bubble?
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Posted on: 2016/5/13 22:14
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Re: Selling gourmet yet healthy pre-prepped and portioned meals at Farmers Markets
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You might want to reach out to the folks at boneinfood.com . This was their initial model but it looks like they've moved away from it. Could be they didn't enjoy doing it or the demand was too unpredictable.
Posted on: 2016/5/10 16:15
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Re: Jersey City mayor-elect orders end to citywide reval
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I think that's oversimplifying. More accurate would be if you are not making 200k a year you just do not belong in a single family brownstone in zip code 07302. Not to be callous, but if you've been here all your life and have paid off your mortgage on that brownstone but can't afford the taxes you will probably have to sell. You've been getting a sweetheart deal on the backs of those less fortunate and probably should have been more prepared. The reality, when you look at a map, is that 07302 is the location and size equivalent of Dumbo, Brooklyn Heights, Cobble Hill, Vinegar Hill. So if you're priced out of owning in those neighborhoods, you're probably going to very soon be priced out of 07302. This isn't the end of the world. It will slightly drive down prices downtown as we re-correct and also force folks into the heights, journal square, mcginley, and be-la. Property values there will start to rise just as they did in Fort Greene, Bushwick, and Bed-Stuy.
Posted on: 2016/4/12 22:01
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Re: Jersey City mayor-elect orders end to citywide reval
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I know you've floated a 2.1% number around before. I've just begun looking to purchase a 2br downtown. A lot of places I've seen, based on asking price, have rates that fall in the 1.2-1.6% range. I can certainly factor in the potential increased rate to what we can afford, but is there any benefit if we hold off another 18 months to see what happens here?
Posted on: 2016/4/4 14:12
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Re: Gay couple looking to move back to Dwtn JC or Hoboken
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Keep an eye on Dixon Leasing. They do really beautiful renovations downtown.
This one's out of your price range at $6k/month but who knows what you can work out if you push for a 24 month lease.
Posted on: 2016/3/26 20:31
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Re: sourcing ingredients in or around JC
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Posted on: 2016/3/11 20:30
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Re: TALDE JERSEY CITY
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I believe the Carrino's bought the building. Talde is under Three Kings Restaurant group which is only loosely broffiliated as far as I can tell.
Posted on: 2016/3/3 2:54
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Re: TALDE JERSEY CITY
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I agree with you on that disconnect. My belief is that landlords are putting the cart before the horse as far as rent goes and that restauranteurs are sometimes blindly ignoring that we are still very much a bedroom community.
Posted on: 2016/3/2 22:39
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Re: TALDE JERSEY CITY
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As someone who lives across the street, I have to disagree with the place always being packed. It does get busy on the weekend but week days have been pretty dead as of late. Interesting to hear. I have no idea what will fill those two gigantic restaurant spaces. Something like Berg'n would fit the bill. Maybe with some performance space in the basement.
Posted on: 2016/3/2 21:59
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Re: The Kitchen Step
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Went last night.
The good: -Service and timing of food - it didn't feel like an opening weekend at all. If you've ever opened a restaurant or been to a restaurant on opening weekend you'll know this is no small feat. -Smoking Jacket cocktail - one of the better cocktails i've had in a long while -Bread service - the fact that it exists and the quality was good -Wine list - totally manageable and several $8/9 by the glass options -Sound - sound absorbing panels were added to the ceiling. There is a perceivable difference from when 30 Acres was in the space. Unfortunately they painted an absolutely ridiculous looking tree along these 6 or so panels that run the length of the ceiling The not so good: Every dish we had, save the dessert, was not bad but was not quite there yet: -crab crostini was rich but lacking salt/acid -duck salad was overly sweet from the abundance of grapes but the rest of the salad was pretty tasty -mussels were again missing acid -burger came across too sweet and lacking in seasoning. additionally the temp was a bit off and there was not a good sear so combined with the cheddar, onion compote (read sauteed onion), not totally crispy but flavorful bacon and brioche bun the whole thing was one note on texture. It was very strange to me that they did not include a single raw ingredient in the burger setup nor a sauce. A bit of ketchup was served on the side but I assumed this was for the fries. Some bizarre design choices: -The chairs in the waiting area are super tacky as is the entryway wallpaper. -They opted to put butcher paper on all of the wood tables which highlights for the rest of the meal every piece of food I dropped off of my plate. -This same paper came back into play when they handed out dessert menus in butcher paper greeting card envelopes. Makes little sense and those envelopes will likely get tossed every night as peoples' grubby fingers cover them in stains. That being said, it was opening weekend and I think they'll be able to improve all of the above dishes. Check came in right around $125 including tip for all of the above mentioned food (1 snack, 1 small plate, 2 entrees), two glasses of wine, a cocktail and a dessert. We'll go back, but not until the menu gets a bit more interesting.
Posted on: 2016/2/21 15:40
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Re: The Kitchen Step
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It's a $17 burger. The same burger that you would pay ~$15 for at White Star, Park&Sixth or Left Bank. Depending on the quality of the meat, quality of the fries and whatever they changed the interior of this place to look like I'd say that's reasonable.
Posted on: 2016/2/18 22:09
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The Kitchen Step
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The restaurant taking over the former Thirty Acres space is set to open tonight from the folks behind Battello.
Website with menu is up. Seems like the kind of place to take your folks when they come to visit, well composed plates but nothing that will shock their palates; good or bad. Planning to stop by this weekend.
Posted on: 2016/2/18 19:55
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Re: 365 Market by Whole Foods
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That ordinance specifically excluded supermarkets.
Posted on: 2016/2/15 0:10
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Re: Jersey City mayor-elect orders end to citywide reval
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What type of impact are you expecting?
Posted on: 2016/2/3 19:23
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Re: The Future of Ocean Ave.
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Does this mean we'll see yet another neighborhood take off before the Heights?
Last I checked, the average block near the Danforth stop is structurally/architecturally more appealing than the average block in the Heights. Do any of the property owners here see this as a signal to start scooping up some buy and holds?
Posted on: 2016/1/21 17:35
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Re: The Beacon
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Agree with you that the average person in that area who is working in JC/Manhattan/Brooklyn should not need a car. However, I would not be without a car if I was intending to renovate a home in a reasonable amount of time.
Posted on: 2015/12/31 18:12
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Re: BURGER EATERY on 1st & Erie
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If your goal is a rare burger with sloppy, likely delicious toppings and a beer with the boys with the game on in the background you would go to Left Bank. If your goal is to quickly sate your burger fix with your SO and not feel terrible about yourself while or after eating, you would go to Burger Eatery.
Posted on: 2015/12/29 14:42
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Re: Jersey City has lost Channel 1
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Channel 001 has been replaced with XFINITY On Demand. Here is the current Comcast channel arrangement where the previous Channel 1 content can be found:
90 C-SPAN 96 Comm - Community programming 97 Local access programming 100 Pop! 101 Weatherscan Local 102 ESPNews 103 Bloomberg TV 104 C-SPAN2 105 C-SPAN3 106 Fox Business Network 107 Al Jazeera America
Posted on: 2015/12/28 17:48
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Re: Burger opening Mon 12/21 on 1st & Erie
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I disagree that there is a market for mediocrity. There is simply a market. And yes, this market does want shiny and new (well designed) if a place is going to be renovated. Look at the yelp ratings of Bucket and Bay or Milk, Sugar, Love vs that of Cherry Pick. Affluent population DT is approaching levels to that of the more desirable neighborhoods in Brooklyn. Rent prices reflect this. However, retail saturation is no where close to what you see in BK. Additionally we don't have the option of hopping on a number of different subway trains to arrive in less than 20 minutes at a number of other neighborhoods with similar saturation levels. I'm hopeful that PAD development does things right with a ton of ground floor retail. Its unlikely that we'll see much re-zoning in Harsimus/The Village/Hamilton or Van Vorst. Side note: if you want to play old DT vs new DT by all means. But to try and claim this is a worse option than the E+L deli that preceded it would be ridiculous.
Posted on: 2015/12/22 15:46
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Re: Burger opening Mon 12/21 on 1st & Erie
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I would say the other or here is that they intend the place to be "fast-casual"/takeout driven for which it doesn't make sense to attempt cooking to temperature. That looks like the way they're going since the space has about 8 stools lining one wall for dine in. Personally I wish they would have gone more the ShakeShack route and kept the menu even simpler.
Posted on: 2015/12/20 18:05
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Re: sourcing ingredients in or around JC
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Choc'o'pain should have brioche loaves. I've purchased from there recently.
Posted on: 2015/12/19 15:05
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Re: Burger opening Mon 12/21 on 1st & Erie
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Doesn't seem to be intended for much eat-in. There are only countertops and stools lining the exterior walls.
Posted on: 2015/12/17 16:30
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Re: Trump: 'Thousands' in Jersey City cheered on 9/11
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I'm not sure why everyone is continuing to argue the validity of any of these claims. Neither group seems to intend to persuade the other.
The discussion should be focused on the policies to be derived from this rhetoric. They seem to be absent. The majority of what Trump has said revolves around his "acknowledgement of a problem" that no one else is acknowledging. There is no mention of what specifically this problem is, other than "radical Islamic terrorism," or what he proposes as any kind of solution. He seems to think that he can get through to the general with a combination of incendiary, racially charged remarks and ad hominem, baseless attacks on other candidates or the president. The man is the furthest thing from a statesman. He has shown zero acumen for foreign policy and responded, in the interview most recently posted, to a question about his stance on climate change with saying he wants clean air and clean water.
Posted on: 2015/12/1 22:11
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Re: In case you missed the news.. major cooridinated Islamic terror attack in Paris
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Yes, that's exactly what the data shows. And the data in the report shows that the per state employment rates average single to double digit percentage points higher than TANF eligible individuals and employees. That means that refugees are, in their first year in a new country, entering employment at a higher rate than the American citizens receiving TANF benefits. This is a reasonable cohort as those receiving these benefits are typically lacking in formal education and can be compared to a refugee for whom English is typically a second language. Additionally, your counterpoint to this was strictly your opinion. You stated that this will lead to "a lot of pissed off Muslims." There is no data that you have thus far provided that can back up your opinion. Quote:
Yes, this is unfortunate. But, these are percentages. Percentages of a subset from a sample of data are by mathematical definition representative of the entire sample set. As that percentage increases, the accuracy of that subset increases. We are unfortunately left with just 1.5%. So, while that 1.5% is very small, it still delivers data that 0 of the subset were actually in the U.S. Quote:
I have never claimed to know more than the author. Re-reading, instead of "contradicts" I could have said "provides much more context to and removes the sensational of the nature of the graph when provided in isolation."
Posted on: 2015/11/19 2:52
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Re: In case you missed the news.. major cooridinated Islamic terror attack in Paris
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I don't understand the data points which you think I would be embarrassed by. Here's a copy of the summary data table showing employment rates within the first year and 90 day retention rates. Employment rates and retention rates are all rising. What I also mentioned, which is available in the full report, is that refugee employment rates compared favorably to employment rates for TANF receiving individuals and families in almost every state. National Refugee AOGP Employment Outcomes (FY 2008 ? FY 2012) FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 Employment Caseload (#) 76,032 91,957 95,661 81,662 78,738 Entered Employment Rate (%) 49 40 42 50 53 Cash Assistance Termination Rate (%)* 44 52 49 52 49 Cash Assistance Reduction Rate (%)* 11 12 13 14 15 Employment Retention Rate (%) 76 69 73 74 75 Available Health Benefits Rate (%) 63 61 60 61 62 Average Hourly Wage ($) 8.82 9.02 9.08 8.92 9.27 Quote: JCMan8 wrote: This is supplemental data that says there is no way to say with certainty that any of the tweets came from within the United States. But you're right, I probably should have highlighted the entirety of the second section. What this makes clear is that the algorithm used to determine location lumped generic terms like "Earth" and "everywhere" into the category labeled "United States" in the chart in the article linked. This means that category is less credible.
Posted on: 2015/11/19 2:14
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Re: In case you missed the news.. major cooridinated Islamic terror attack in Paris
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Again, not reading the actual source data that contradicts the cherry-picked graph from the report. By all means continue posting sensationalist nonsense and I'll be happy to counter with actual data. Here's the actual Brookings report. Some highlights on the methodology and caveats to the location data: From page 11- "Using open source means, the only totally reliable method of geo-locating users is to obtain coordinates provided when a user has enabled the location feature on his or her smartphone (usually resolving to a GPS signal or a cell phone tower). We analyzed only the most recent coordinate provided by each user. Unsurprisingly, very few users in the dataset opted to enable coordinates; the number who did was surprisingly high given the operational security implications. Confirmed ISIS supporters used location services less frequently than non ISIS-supporting, typical users, but not dramatically less. Out of the 20,000 users in the Demographics Dataset, 292 had enabled location on at least one tweet out of their last 200, or 1.5 percent... ...The largest cluster of location-enabled accounts (28 percent) was found in Iraq and Syria, mostly in areas either controlled or contested by ISIS. More than twice as many users reported coordinates in Syria than Iraq. The next most common location was Saudi Arabia, with 27 percent. After Syria, Iraq, and Saudi Arabia, no single country represented more than 6 percent of the total. None of the location-enabled users were based in the United States; Western countries showed only single-digit totals (e.g., three accounts in France; two in Brazil; on in the United Kingdom; one in Australia; one in Belgium). " Pg 12 - "Aside from location-enabled data and the content of tweets?deemed too noisy to be reliable?users can provide information about their location in the following formats: ? The ?location? field on their Twitter profile. Users can enter several words in the field with no restriction on content; for example, they can offer jokes or non-relevant information. ? Time zone: Users can select whatever time zone they want. Because the selected time zone influences the time of tweets appear on a user?s timeline, there is motivation to enter it correctly, although many users do not. ? The ?Bio? field in their Twitter profile, where users can write 160 characters of descriptive text on whatever subject they like, usually about themselves" "Since locations are free-form text fields, we used a third-party algorithm to resolve entries to the country level. The list of locations that resolved to the United States was extremely noisy, including entries such as ?Earth,? ?everywhere,? ?in the kitchen making a sandwich,? and ?wherever the plane?s taking me.? However, some American cities were specified, primarily New York and Washington, D.C. Most locations could not be verified, and none of the location-enabled users were based in the United States. We are reasonably certain some ISIS supporters deceptively listed locations in the United States in order to create the appearance of a homeland threat."
Posted on: 2015/11/19 1:38
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Re: In case you missed the news.. major cooridinated Islamic terror attack in Paris
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Except this isn't a fact. It's a clickbait article whose basis is the speculation of a single member of parliament that has been all but disqualified by the UK Foreign Office. Here's the speculative estimation: Mahmood, an MP from Birmingham "estimates that at least 1,500 young British Muslims have been recruited by extremists fighting in Iraq and Syria in the last three years." This is not fact. This is hearsay. Additionally, the title of the article is sensational.
Posted on: 2015/11/18 14:57
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Re: In case you missed the news.. major cooridinated Islamic terror attack in Paris
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You mean minors?
Posted on: 2015/11/18 14:37
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