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


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