89 Willow

Thought I’d add a condo entry for this corner condo building at 89 Willow Ave. to the directory today. It’s seemingly taking forever to complete.

A 3BR/3Ba corner unit here is about 1.3 million. 2300 sq. feet. 300k down would cost you in the neighborhood of 6k a month for 30 years (not including maintenance or taxes).

Here’s Liberty Realty’s listing.

Description: Condo
Address: 89 Willow Ave., Hoboken, NJ 07030
Realtor: Liberty Realty 525 Washington St. 201-222-2900

89 willow condo hoboken july 2007 - 89 Willow

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Wednesday, July 25, 2007 2:09 pm

“You contend that no one will move here.”

should be:

“You contend that no traders will move here.”

Sorry, my bad. I’m sure every single job in that office tower will be for janitors and cleaning ladys only who can’t afford our outrageous prices in town. My bad.

Wednesday, July 25, 2007 2:05 pm

Everything is just conjecture, Yip.

My point of the new office tower was that I figured a percentage of workers (I said 20%) may move to the area.

You contend that no one will move here.

I have a friend, who works in the industry, who did buy a very expensive property in town, which I used as an example of people who have good jobs, and won’t/don’t live in the suburbs and are buying here.

Wednesday, July 25, 2007 1:59 pm

Here is the real deal, on where the jobs will stay, the traders are not moving to NJ.


Wednesday, July 25, 2007 1:37 pm

Yip – GS also has another 3,000 spots it can fill in its current tower, too.

Also as for the traders who won’t move to NJ, there’s always people who will happily take those jobs from those who are entrenched with where they want to live.

Wednesday, July 25, 2007 1:36 pm

Boom, busts and the cyclical nature of the housing market will always happen. I bought at the peak of the market, but couldn’t turn down a great 30 year rate and an apartment that I felt had a lot of potentional. I’m not planning to move in 5 years, at least, so it works for me.

Hell, I have been waiting for the housing market to collapse since 2002.

Problem is that there isn’t a magic crystal ball that says when things will happen, just indicators about what could happen. Even if the market downturns, as it always does, the goal is to ride out the storm until it turns up again.

Would love your thoughts, please comment.x