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Residential
Tri-State

Volkswagen exec gets record $5.25M for Hoboken townhouse

113 Grand Street sells just a month after listing

Volkswagen executive Johan Van de Nysschen and his Hoboken townhouse. (Getty, Brown Harris Stevens New Jersey)
Volkswagen executive Johan Van de Nysschen and his Hoboken townhouse. (Getty, Brown Harris Stevens New Jersey)

Volkswagen executive Johan Van de Nysschen wanted a record price for his Hoboken townhouse, and he got it. It took only a month.

The 6,000-square-foot home at 113 Grand Street sold for $5.25 million, making it the most expensive single-family townhome sale in Hoboken history.

Built in 1897, the building served as a milk-bottling plant before being converted to a residence. Van de Nysschen did his own gut-renovation and redesign.

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The open floor plan features a living room, dining room and media room surrounding a kitchen with marble flooring and a walk-in pantry. The home’s roof has two terraces, totaling 1557 square feet, with shaded seating, dining area and an outdoor fireplace.

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Brown Harris Stevens agent Sharon Shahinian had the listing.

Van de Nysschen and his wife purchased the townhouse in 2015 for $3.5 million, but the renovation cost them about $2.5 million — meaning they sold at a loss.

Other homes in the area have sold at similarly high prices. An 1854 limestone at 504 Hudson Street fetched $6.5 million in 2016. However, as it had a carriage house, it was technically considered a two-family. No Hoboken home has sold for more.

A year before that sale, a Queen Anne several blocks away sold for $4.35 million. A penthouse at 1500 Washington Street once owned by former New Jersey Governor Jon Corzine set a price record for Hoboken apartments in 2019 when it sold for $3.9 million.

A 3,600-square-foot townhouse in the city sold this month for $3 million after just five days on the market. The home was once owned by journalist Natalie Morales and her husband Joseph Rhodes.

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Townhouse Market