TD Bank: Another empty storefront

10/15/2009:

What should come to this storefront next?

Not sure how long it’s been since TD Banknorth eliminated this branch at 609 Washington Street, but it’s now vacant, and awaiting another tenant.

Coincidentally, one Hoboken411 reader “CastlePointWatcher” made a reference to this building the other day, indicating that former tax-collector Louis Picardo owns the building, and the tax assessment recently increased from a paltry $100k to a semi-paltry $700k.

Frankly, I’m more concerned with better Washington St. businesses coming… like more 24 hour retail for us midnight oil folks!

td-bank-north-hoboken-nj-closed

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5 Comments on "TD Bank: Another empty storefront"

CastlePointWatcher
Member
CastlePointWatcher

Judging by comparables and condition? The assessment should likely be in the 1.7M to 1.8M range. Now, PLEASE remember — that is NOT NOT NOT the value!! The value is MUCH more than that.

Take a look at 613 Washington. Right next door. Same size, only the condition (effective year) isn’t even close. Picardo’s building is in MUCH better shape. Picardo still has a nice deal (although it has to sting to lose TD) — makes me wonder if TD left because of the increase? I have to figure they were triple net… I don’t know.

Anyway, let me know if that answers the question. 🙂

rag246
Member
rag246

You should be cheering for other taxes in the city to come down.

CastlePointWatcher
Member
CastlePointWatcher

Great timing Perry!!!

The improvement assessment went from $100,000 to $700,000. The TOTAL assessment was $700,000.00 and is now: $1,300,000.00

Which is still not enough, but the fact that we were able to administer some justice to Mr. Picardo is wonderful.

Again, a HUGE thank you to Perry on this!!

Furey
Member

Out of curiousity, what’s your assessment for this building?

In response to CastlePointWatcher who said:
Great timing Perry!!!

The improvement assessment went from $100,000 to $700,000. The TOTAL assessment was $700,000.00 and is now: $1,300,000.00

Which is still not enough, but the fact that we were able to administer some justice to Mr. Picardo is wonderful.

Again, a HUGE thank you to Perry on this!!

Biffy B For Mayor
Member
Biffy B For Mayor

Anything, as long as that stinky lady with aids on her leg stops sleeping there — I almost puked one time when using the ATM there.

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