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Tuesday, April 6, 2010

Hoboken | Real Estate | Update: RE/MAX | Re-Launches | Metro Stop

Hoboken real estate update: RE/MAX Gold Coast Realty relaunches The Metro Stop.

Metro Stop was a new construction building with a "green concept" that was launched in 2008. Since then, the building has sold over 60% of its 113 units.

Concrete and steel construction, 11 stories high with on site covered garage parking, a twenty year tax abatement PILOT program, recently sold commercial space, an FHA approval, and big price reductions can make this Metro Homes building a hot buy for many buyers.

Currently one bedrooms are starting at $365,000 with hardwood floors, granite counters, stainless steel appliances, central air and washer and dryer in unit. And, for an additional $40,000 you can purchase a two bedroom two bath over 1000 sq feet, making this (aside from a two bedroom at Emsee @ 5th Jackson) the best priced two bedroom two baths on the market.

Metro Stop common amenity features are a club room, excercise room, common roof terrace, and the board has recently voted on installing a virtual doorman - similar to the system at Gulls Cove in Jersey City.

Maintenance fees include Cable and Internet by Cablevision as well as the common amenities mentioned above, plus your traditional underlying insurance on the building and common area upkeep.

There are some great lines available that will be priced very competitively in this market. Some penthouse units will be available and some units with NYC views, I suspect these will be the first to sell.

RE/MAX Gold Coast is slowly releasing the units remaining with new pricing and some changes in staging and parking being packaged. If you'd like a private viewing please contact me directly.

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