77 Hudson $2.8M penthouse sale shatters Jersey City record

New York /
Oct.October 02, 2013 12:46 PM

A two-bedroom penthouse on the 48th floor of Hovnanian Enterprises’ 77 Hudson condominium tower in Jersey City has set a new record price for a condo in the city with a $2.8 million sale.

The buyer, a recent walk-in client at LeFrak subsidiary Metropolitan Waterfront & Residential Brokerage who was not further identified, was assisted by Scott Waldman for Hovnanian Homes and Sujay Shah of Metropolitan Waterfront.

The 2,100-square-foot home, despite its record-shattering price tag, isn’t even the property’s most expensive, according to Hovnanian. Of the six remaining unsold units, all penthouses, two outpace today’s record breaker with asking prices of $2.9 million and $3 million respectively.

The building, which features amenities such as an on-site fitness center, private spa, dog run, and rooftop bar, is currently nearly 100 percent sold.

The condominium properties at 77 Hudson went on sale in September 2007, following company executives’ ride to each expected level using a hot air balloon and assess the view 360 degrees around the location with a camera. The process, according to Tom Graham, who headed construction at the property, helped determine prices.

Hovnanian, founded in 1959 by Kevork Hovnanian, is headquartered in Red Bank, N.J. — Julie Strickland


Related Articles

arrow_forward_ios
Jeff Bezos and the Jersey City office property (LoopNet, Getty)
Amazon scraps 400K sf Jersey City office deal
Amazon scraps 400K sf Jersey City office deal
Amazon eyeing 400K sf office in Jersey City
Amazon eyeing 400K sf office in Jersey City
Amazon eyeing 400K sf office in Jersey City
99 Hudson Street in Jersey City, NJ (99 Hudson Living)
$4.4M condo sale breaks Jersey City record
$4.4M condo sale breaks Jersey City record
Leonard Bernstein’s “radical chic” penthouse sells for $24M
Leonard Bernstein’s “radical chic” penthouse sells for $24M
Leonard Bernstein’s “radical chic” penthouse sells for $24M
Greg Fowler bought 10 Clapboard Road, CT and Amir Ben-Yohanan bought 150 and 154 Belmont Ave. in Jersey City (FPAMF, Realtor, West of Hudson Properties, Google Maps)
Multifamily assets sell for $41M in Fairfield County, $21M in Jersey City
Multifamily assets sell for $41M in Fairfield County, $21M in Jersey City
Birch Group President Mark Meisner and 101 Hudson Street in Jersey City, NJ (The Birch Group, Google Maps)
Birch Group paying $380M for large Jersey City office
Birch Group paying $380M for large Jersey City office
The number of penthouse contracts is the highest ever (iStock)
Pent-up demand: Manhattan penthouse contracts soar
Pent-up demand: Manhattan penthouse contracts soar
Mayor Steven Fulop (Getty, iStock)
Jersey City to provide up to $10K more rent relief per tenant
Jersey City to provide up to $10K more rent relief per tenant
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...