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About Hoboken's Hudson Tea

1450 Washington Street | Hoboken| Update

01-24-12
Brian Murray
Brian Murray: Real Estate Agent in Hoboken, NJ

Hoboken condos: The new construction of 151 conods at 1450 Washington Street by Toll Brothers is cranking. Here are the latest updates.

Condos sold at 1450 Washington.... over 50%.

First Closing schedule by Toll Brothers....Feb 15th.

1450 Washington

1450 Washington Update | Hudson Tea |Hoboken

05-25-11
Brian Murray
Brian Murray: Real Estate Agent in Hoboken, NJ
Hoboken Real Estate at 1450 Washington Street at Hudson Tea : Price Increases?

The new construction building being erected between 14th and 15th streets in Hoboken is continuing pre-sales through Memorial Day Weekend. According to my sources, then comes the price increases.

If you want to avoid the price increase but will be away this weekend, contact me and I can show you how. It's Toll Brothers 1450 Washington Street at Hudson Tea, the latest new construction project in the Hoboken real estate market.

If you go to contract today, on one of the 156 Condos at 1450 Washington Street at Hudson Tea featuring a 12 story tower on the north end with a 7 story tower on the south end, you have plenty of time to pick put furniture. Although 1450 Washington Street at Hudson Tea, according to Toll Brothers, will be ready for delivery in March 2012 to July 2012 see the video for yourself and judge.

Other info about 1450 Washington Street at Hudson Tea by Toll Brothers:

Taxes at Hudson Tea at 1450 Washington Street are estimated to be 1.3% of the sales price. Meaning a condo would selling for $500k would have an annual tax bill of roughly $6500. A reasonable number compared to other Hoboken Condos.

Maintenance at 1450 Washington Street at Hudson Tea ac cording to Toll Brothers is sixty one cents a square foot. This is the same price that Maxwell Place is charging.


Brian Murray
RE/MAX Gold Coast Realty
56 Newark St.
Hoboken,NJ 07030
201-795-5200 x441
www.hobokenhomefinder.com
www.insidehobokenrealestate.com
Facebook:bjm78@columbia.edu
FREE Up To The Minute Market Report for Hoboken or Jersey City
http://www.homeinsight.com/Widget/default.asp?ZUI6YSUSKA06

Hoboken Real Estate| Hudson Tea | Rate Lock

05-16-11
Brian Murray
Brian Murray: Real Estate Agent in Hoboken, NJ
Hoboken Real Estate at 1450 Washington Street at Hudson Tea : The Rate Lock

The new construction building being erected between 14th and 15th streets in Hoboken comes with a cool feature: Rate Lock. It's Toll Brothers 1450 Washington Street at Hudson Tea, the latest new construction project in the Hoboken real estate market..

Imagine going to contract today on one of the 156 Condos at 1450 Washington Street at Hudson Tea featuring a 12 story tower on the north end with a 7 story tower on the south end. Although 1450 Washington Street at Hudson Tea, according to Toll Brothers, will be ready for delivery in March 2012 to July 2012 a buyer has a legitimate concern that rates will rise with impending inflation.

For example you purchase a $500,000 with 20% down leaving you a 30 year mortgage of $400,000 at today's rate of 4.875%. This will yield a monthly payment of $2117. Now if interest rates rise, as predicted to 6%, before you close next year, your mortgage on your new Hudson Tea condo is now $2398. That's $281 extra every month you own it!!! A lot of risk in today's market.
The solution from Toll Brother's mortgage.... A one year rate lock. All it costs is 1%. So on your $400k mortgage, it's $4k or about 14 months to break even. What is that worth to sleep at night.

Other info about 1450 Washington Street at Hudson Tea by Toll Brothers:

Taxes at Hudson Tea at 1450 Washington Street are estimated to be 1.3% of the sales price. Meaning a condo would selling for $500k would have an annual tax bill of roughly $6500. A reasonable number compared to other Hoboken Condos.

Maintenance at 1450 Washington Street at Hudson Tea ac cording to Toll Brothers is sixty one cents a square foot. This is the same price that Maxwell Place is charging.


1450 Washington at hudson tea

1450 Washington At Hudson Tea | Hoboken Condos |Construction Update

05-11-11
Brian Murray
Brian Murray: Real Estate Agent in Hoboken, NJ

Construction update of those 156 Hoboken Condos at 1450 Washington at Hudson Tea by Toll Brothers

The hammers are swinging, hard hats running around like ball boys at Wimbledon, sparks are flying.  According to my sources, 1450 Washington at Hudson Tea is ahead of schedule.  March 2012 looks like a real possibility for the lower floors with the higher floors coming in over several months.  156 Hoboken Condos and one retail space. The windows are in. the facade is on....  check out the video

 

 

These condos looked like a European train table until the shift of power in the Hoboken city council last night. Let's hope they fight over $25 recreation fees and leave the construction to the professionals. 

Want to see them first hand or get more information?

 

 

Hoboken Condos | 1450 Washington At Hudson Tea |Retail Space

05-04-11
Brian Murray
Brian Murray: Real Estate Agent in Hoboken, NJ

Hoboken Condos | 1450 Washington At Hudson Tea

Here is the latest on the retail space at 1450 Washington At Hudson Tea....

There are to be 156 Hoboken condos and 1 commercial unit in the building known as 1450 Washington At Hudson Tea. I think the retail space will eventually be subdivided because according to the Public Offering Statement the retail space takes up nearly a city block on the first floor.

Please, please make it a Cheesecake Factory and not the world's largest nail salon, bank, liquor store combo. Now if there was ever a place where this behemoth all in one manicure, money machine, Makers Mark mall would do well, it would be Hoboken. Hey, I'll get my nails done while picking out some wine....

My top three choices for the retail space at 1450 Washington At Hudson Tea are

1. Cheescake Factory

2. New Borgata Casino

3. Roller Skating Rink

How cool would it be to have those skate around in a circle party for the kids during the day and roller derby at night?

If local business men think that it's worth the rents on Washington Street to open a place that A) only serves fries (I am not making this up.), B) a hummus bar (How much hummus can a person eat?), and C) a we buy gold store (I bet they are rooting for the casino along with the new check cashing place across from city hall.) then is a roller rink really that far fetched?1450 Washington at Hudson Tea in Hoboken Retail space

Check out the potential...and you have 156 eager new condo owners only an elevator ride away!