W Hotel Residence in Hoboken – worth the money?
Living in one of the residences at the W Hotel in Hoboken is not only expensive (~$2 million+), but also quite hard to do, considering how infrequently one comes on the market.
Local Realtor Kristin Ehrgott of Avenue Residential recently featured a “rare” unit for sale at the W Hoboken.
What I found most compelling was, that despite the “high” maintenance cost ($1400 per month, but includes ridiculously insane amount of “amenities”), was the low annual property tax rate ($9,000 thanks to tax abatements).
While $2.2 million bucks for a 1,900 square foot 2 bed 3 bath is certainly over-priced – maybe the perfect NYC views somehow make up for it?
Owning a W Hoboken Residence
The comfort and romance of staying in a luxury hotel heightens any travel experience- but, unfortunately, all such adventures must eventually come to an end. But what if they didn’t have to? What if you could always enjoy the convenience and charm of staying in a luxury hotel, without having to worry about check-out times, or the noise of a rowdy bachelorette party down the hall?
Designed by Gwathmey Siegel & Associates and owned/developed by Ironstate Development, The W Hoboken Hotel at 225 River St in Hoboken, NJ has 26 floors in all. Floors 18-26 are home to the 40 private residences (for the most part, there are 4 residences per floor), while the rest of the building is designated as the famed W Hoboken Hotel, with 225 rooms and an incredible wealth of amenities.
Click to see more photos and details about living at the W Hoboken…