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Archived Posts from "'Real Estate'"

walkTHIShouse

walkTHIShouse hopes to change Real Estate listings

Have you heard about walkTHIShouse yet?

walkTHIShouse is a technology product from Hoboken resident Roman Malantchouk that literally let’s you “walk this house!”

What does that mean? 3D walk-throughs of the interior of apartments or homes. Consider it “Google Street View” for homes! See the video (at the bottom) to give you a better idea and read on more below.

walkthishouse walk this house hoboken NJ 3D

Give potential home buyers more to see with walkTHIShouse

Sure photo-galleries are the “standard” with Real Estate listing these days, but who wouldn’t want to get a better “feel” by being able to walk through the house and look around?

And as far as cost, it’s not expensive by any means. Prices range from around $300 for a 2 bedroom apartment, to only $750 for a four-story brownstone. Discounted prices are available to Realtors who enlist his service on a regular basis.

It’s not just for homes for sale either. He’s done work for various art galleries, common areas for buildings like Maxwell Place, and anything else you can think of!

The benefits go beyond the “cool factor” as well:

  • The listing have become much more powerful with having an immersive 3-D model and clean architectural floor plans. It really gives people a feel for the space.
  • Realtors are able to show a property to more people who are not able to physically visit it.
  • Works especially well with beach houses.
  • Realtors are able to reduce the amount of time they spend on showings and reach more potential buyers.
  • Realtors who have used an interactive model have seen increase in physical showings.
  • A 3-D model has been very useful for when a potential buyer wants to walk through the property on his own time after already visiting an open house.

You can check out more at walkthishouse.com – or by emailing info@walkthishouse.com or calling (973)652-4670.

$5 Million Real Estate?

Elite Real Estate in Hoboken

Hoboken is filled with hard-working people who choose to hang their coats here, along with the ups and downs this city has to offer. Many are transient renters who can reside here on a relatively modest income. And you have others who “invest” in cookie-cutter condos to feel like “they’ve made it!” And besides seasoned developers and multi-property owning “kingpins,” even others make the big plunge and buy entire brownstone structures, most of the time exceeding the 7-figure mark.

But there’s a property in town that 99.9% of you probably could not afford. It’s located at 925 Hudson Street, and the asking price is $4.65 million (which could easily reach a magical 5 million mark if some kind of bidding war ensues.)

925 Hudson Street 5 million real estate hoboken nj

A big house for the money

925 Hudson Street is offered by Avenue Residential, and is their most valuable property, exceeding the next highest by well over a million dollars.

You get over 6,500 square feet of space inside the four exterior walls. It has five full and one half bathroom, plus seven bedrooms. And an elevator if you sprain your ankle! You even get a little plot of outside space in the backyard – excellent if you want to show off your BBQ skills to the 10 neighboring properties who all have a birds-eye view of you and your family.

Additionally – you would be a 1%-er in terms of donating your post-tax cash to the city government! That’s right, you have the privilege of shelling out over $3,000 PER MONTH to the City of Hoboken! ($37,059 per year to be exact). Wouldn’t that make you feel all warm and fuzzy?

925 Hudson Hoboken Kitchen

Who buys $5 million dollar properties?

Hey we’re not knocking this at all. It’s a beautiful house, and for anyone who could afford it would be happy to have such a prestigious and exclusive property in Hoboken. But who would or could?

My guess is that the person or family who purchases this needs to meet one or more of the following criteria:

  • An eight-figure net worth, with at least half this property value “liquid.”
  • Mid six-figure post tax income.
  • Other revenue streams (such as rental properties).
  • Great credit (if not buying cash).
  • History of paying off similar mortgage.
  • Don’t mind paying an arm and a leg to fund inept politicians.

Heck, I would love to live in this building too! However, I probably wouldn’t want it to be the only place (only residence). This would be a good spot if you already had a couple other places to live further away from the big city. It’s all about options. Imagine SHTF and this was your only home? Good luck with that!

Anyway – if you have $5 million burning a hole in your pocket – give Kristin Ehrgott a call at (973)945-0362 to schedule a showing.

925 Hudson Street Bedroom Hoboken NJ

Maxwell Place Rumblings

La Isla at Maxwell Place

A year ago – we talked about some speculation regarding what retail tenants were going to open up over at Maxwell Place. So far – two out of three were spot on!

One, was a doctor’s office (Riverside Medical).

And construction workers recently confirmed that La Isla is coming to the southwest corner of 12th & Shipyard. Wonder how the high rent will factor in the the cost of the food!

La Isla Hoboken NJ Maxwel Place

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Links Residential

Links Residential comes to Hoboken

A new Realtor recently opened up in Hoboken, NJ – Links Residential (located at 101 Park Avenue.)

Links Residential Hoboken Real Estate

Besides having a nice bright corner office, what makes Links Residential any different from all the other Realtors in Hoboken?

Well, for one – they have other offices outside of town (Teaneck, Maywood), which is beneficial for those looking to relocate to places with more space, or even “real” yards.

Additionally, since they’re new – you’ll most likely get a more hungry agent that works harder for their clients. Plus, they’ve been recruiting experienced agents from other outfits in Hoboken.

We also found out that they have some unique features on their website that makes sorting through the available properties easier. Instead of just searching the basic features (like bedrooms and baths), you can also search for specific amenities (such as doorman and parking).

“Our business is built on honesty and transparency. We are not just real estate brokers; We are advisers and consultants, and are with you every step of the way to ensure you achieve your real estate goals.” Hmm. Maybe the “mayor” can learn something from these guys?

Anyway – welcome Links Residential to the neighborhood – and feel free to check out more here: linksnj.com.

Links Residential Hoboken Realty office

Description: Realtor
Address: 101 Park Avenue, Hoboken, NJ 07030
Phone: (201)656-7900
Online: linksnj.comTwitterFacebook

Look out for icicles?

Icicles form on new Hoboken building

I’ve never really seen this on a high rise building in Hoboken – icicles.

That’s what happened this winter over at the new (ultra-chic) Park & Garden building uptown. Construction is expected to be completed this year.

I wonder if that was just a freak occurrence or a potential flaw in the building design? You might suspect that any kind of architectural design program would allow one to “simulate” how a building and the materials would handle various conditions (wind, rain, earthquakes, etc.)

If it is an issue – hopefully they fix it before next winter! Because I don’t think I’d be too comfortable walking on the sidewalk underneath with those sharp projectiles above!

icicles on high rise building in Hoboken NJ

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Hoboken Nightclub “for sale”

Want to run your own Hoboken nightclub?

Interesting. I stumbled upon a Hoboken nightclub that is for rent ($120,000 per year!)

Hoboken nightclub for sale“Ultra chic Nightclub with live entertainment in the prime area of Hudson NJ, County this area is known to have more bars per capita than many others in the United States. The night club consists of 3700 square feet with an indoor capacity for 350 patrons. The business has a huge dance floor, full stage, separate area for private functions, multiple serving bars, Private VIP area and a full kitchen. This Club has been fully upgraded during the past two years with a modern and attractive image. Because the sale of this business is confidential all viewings are by appointment only and photo may not represent this particular business.

Operator must evidence funds to transfer liquor license. This Nightclub has multiple bars, a full kitchen, professional sound system, DJ booth, special lighting systems, POS system, liquor license and entertainment approval and various equipment required for this industry. The building has a legal capacity for 350 customers plus space for extra capacity. The business operates, everyday, hours 8:00 pm to 3:00 am. The business has a New Jersey State liquor license and a full entertainment & food license from the municipality.”

I love that verbal jargon. “Photo may not represent this particular business.”

West Five Supper Club Hoboken NJ

Do nightclubs still have a market?

The photo they used appeared to be from the West Five Supper Club over at 505 Madison Street. Not sure why they’d list something publicly online, and say it’s “confidential.” Also – if that photo was someone else’s businesses – doesn’t that cause other issues?

Regardless if it’s West Five or not (the description does fit almost spot on), how is the “nightclub” market doing these days anyway?

According to West Five’s promotional video, it doesn’t look like there’s a shortage of people who like dancing and partying the night away, although the number of “clubs” like this certainly has dwindled each decade since the disco era.

Does anyone do “bottle service” anymore? I’ve never done it myself, but what do they pay? Like $250 for a bottle of booze you can get for $30 at the liquor store?

Regardless – it’d be interesting to see what plays out. I suppose with the proper marketing, hype and general patron experience, pretty much any venue has a chance of succeeding. Anyone want to go “halfsies” with me?