An "informed but informal" place to find real estate information
I listed 4 rental units this week (3 in Hoboken and 1 in Weehawken). All 4 have been rented. (Took pictures but didn't even have time to make a flyer).
Prices vary when it comes to rentals. You don't really see them listed on the Hudson County MLS as landlords don't have to list exclusively with one particular office. They give it to a few offices and take whatever office rents it first. My listings included:
2 bedroom/2 bath with parking in Hoboken: $2500
1 bedroom/1 bath in Hoboken: $1275 (included heat and hotwater, I had 3 parties place an offer on this unit)
1 bedroom plus small "other" room in Hoboken: $1375 (included heat and hotwater)
1 bedroom on Blvd East in Weehawken: $1450 (included heat and hotwater)
Price varies depending on location, proximity to transportation, type of amenities included(laundry, gym, parking, elevator vs walk-up, terrace or outdoor space, air conditioning, etc), any utilities that are included, new vs old building, condition of apartment & common areas and size of apartment.
I expect the rental market to continue to be strong for a few reasons. There are a lot of recent college graduates looking for rentals as they are starting new jobs in NYC but can't afford the NYC rents. Higher home prices are creating less buyers and more renters. There has been a lot of rental buildings converting to condo's (ie., Hudson Tea Building), causing the supply to decrease. And we are experiencing very low vacancies in general at this time along with a much greater demand, which will probably lead to an increase in the rental prices.
About me
- I'm Judy Marciano
- From Hoboken, NJ, United States
- Thanks for checking out my blog. I am a full time licensed NJ real estate agent in Hoboken at Empire Realty Group. As I go thru Hudson County each day, often I stop to take a picture. Feel free to contact me for any real estate assistance at jmarciano@empiregroup.com
Previous posts
Archives
- October 2005
- November 2005
- December 2005
- January 2006
- February 2006
- March 2006
- April 2006
- May 2006
- June 2006
- July 2006
- August 2006
- September 2006
- October 2006
- November 2006
- December 2006
- January 2007
- February 2007
- March 2007
- April 2007
- May 2007
- June 2007
- July 2007
- August 2007
- September 2007
- October 2007
- November 2007
- December 2007
- January 2008
- February 2008
- March 2008
- April 2008
- May 2008
- June 2008
- July 2008
- August 2008
- September 2008
- October 2008
- November 2008
- December 2008
- January 2009
- February 2009
- March 2009
- April 2009
- May 2009
- July 2009
- October 2009
- November 2009
- December 2009
- January 2010
- March 2010
- April 2010
- May 2010
- June 2010