Gentrification in Jersey City Starts with Luxury Apartment Rentals

Jersey City neighborhood renovations start with apartment rentals

Currently there are over 200 multi-family buildings for sale in Jersey City. It makes one wonder how the old neighborhoods are being affected by the addition of luxury apartment developments in Jersey City.

The city’s real estate prosperity is hitting every building spectrum and that includes the older neighborhoods. What once was a buyer’s market has now become a seller’s market and everyone is making a profit. New developments of luxury apartment rentals in Jersey City are seeing substantial revenue as well. Construction companies are happy with new projects and renovations. Real estate firms are making a killing.

Here’s a real estate firm that scored a huge purchase in Jersey City South. Commercial real estate firm Gebroe-Hammer Associates, based out of Livingston, New Jersey, recently completed a real estate transaction for $7.75 million. Reported in www.njbiz.com’s article, the property consists of 72 units spanning three buildings located at 158 Bergen Avenue, 162 Bergen Avenue and 232 Bidwell Avenue in the Greenville neighborhood.

Nicholas Nicolaou, who is the Senior VP of Gebroe-Hammer Associates, acted as the undisclosed buyer’s real estate broker. Nicolaou explained “In recent years, the neighborhood has undergone a major transformation associated with revitalization of downtown Jersey City and proximity to suburban Bayonne, which gives its multifamily properties an edge over those located in other parts of the city.”

In 2013, Nicholas Nicolaou was awarded the coveted Gebroe-Hammer Associates Salesperson of the Year award, the firm’s top honor. Nicolaou specializes in investment real estate sales of multi-family properties, concentrating on New Jersey’s urban markets along the Hudson River waterfront. His activities also include mixed-use and free-standing office and retail properties.

If you’re not looking for a commercial real estate opportunity and are just looking around for luxury apartment rentals in Jersey City, then check out The One Apartments at 110 First Street. The One is new, modern and resort style, and is situated on waterfront property with sparkling views of the Manhattan skyline and the Hudson River.

The One offers studio, one and two bedroom apartments. Residences feature GE and Bosch appliances which include washers and dryers. The One features an outside pool with cabanas for your privacy and shade for the kids. Cushioned lounge chairs, tables and chairs are provided along with a beautiful view of the Waterfront area. Also, there’s a world class, avant-garde fitness center with a dedicated weight lifting room, and a yoga studio with complimentary yoga classes for residents.  

Rental rates and availability at The One can be obtained by contacting the leasing office.  Visit the website for more information and be sure to visit the photo gallery while you are there.

Historic New York City Walking Tours Could Lead to Residences with Generous Layouts

Looking for residences with generous layoutsThe Travel Channel published an article on the Historic Walking Tours in New York City that is worth sharing. Imagine yourself walking the streets of NYC taking in all the historical sites and being educated by the tour guide on the unknowns of the city. There are actually several historic walking tours in the Big Apple but the more favorable and interesting tours will be in Lower Manhattan.

Let’s look at a few of the different tours…

  • Grand Central Tour – The Grand Central Terminal is an architecturally stunning building with a past and secrets that most don’t even know. This tour offers a free guided tour or a 30 minute or one hour self-guided audio tour. Take in the architecture and history of the Beaux-Arts landmark and don’t forget to visit the “Whispering Gallery.”
  • Big Onion Walking Tours – Since 1991, Big Onion Walking Tours has led locals and visitors alike on innovative and exciting tours through New York’s ethnic neighborhoods and historic districts. Graduate student guides, from Columbia University, lead tours that are the finest, most comprehensive and thought-provoking walks available. The 2-hour tours, spanning 1 to 2 miles, include explorations of neighborhoods like Brooklyn Heights where you’ll see the former homes and haunts of many literary types including Truman Capote and Walt Whitman.
  • Ghosts of Greenwich Village Tour – History and horror meet as a secret underworld of ghosts and ghouls reveal themselves during a guided tour around Greenwich Village. Hear the full story from a perturbing Professor, as he guides you through Greenwich Village, introducing you to some of the most notorious haunts in New York, including the Brown Building and the Hanging Tree.
  • Walking Tour of Historic Murray Hill – walk around Historic Murray Hill with a knowledgeable guide and learn about its many historic landmarks, including the Union League Club, The Morgan Library, the Polish Consulate and others. Hear about the famous people who once called the Murray Hill neighborhood home, including Franklin and Eleanor Roosevelt, J.P. Morgan and Andy Warhol.

And speaking of the lovely and historic Murray Hill neighborhood, there is also a new building in the hood, so walk on over to House 39. House 39 is a sleek and modern luxury apartment building poised at 225 East 39th Street in Murray Hill and newly opened. If you seek residences with generous layouts, first rate amenities and breath taking views, contact House 39 at (212) 661-3900 and ask them for one of their free walking tours of their new, luxury residential building that is sure to make history.

Find Reasonable No Fee Rentals in Expensive Chelsea

chelsea nyc no fee rentals
Photo Courtesy of NYTimes.com

With a smooth work commute, popular bars and nightlife, nearby restaurants and grocery stores, and safety are some of the reasons the Chelsea neighborhood has a low vacancy rate of 2.2 %. Yeah, it may be a bit of a challenge but there are reasonable Chelsea NYC no fee rentals available.

According to www.trulia.com’s market trends, the current median rent in Chelsea for a 2 bedroom is around $6,000 per month.

Let’s take a look at a few no fee rentals in Chelsea NYC that are below the median rent price…

At 331 West 16th Street there’s a no fee and one month free unit available for $3,960 per month offering two king size bedrooms with an eat-in kitchen and a spacious living room. It’s a basement unit with its own entrance and a massive private patio.

Located at 163 West 17th Street between Sixth Avenue & Seventh Avenue is a 2 bedroom unit in a 6 story apartment building built in 1950. There’s an elevator and a live-in superintendent. The no fee rental starts at $4,195 per month.

The Tate, 535 West 23rd Street, offers a 2 bedroom no fee apartment with a starting rent amount of $5,000 per month. Built in 2002, The Tate is a handsome and large rental apartment building that is named after the great museum in London.  The residents have access to a health club, washer/dryer in building, elevator, lounge and a rooftop terrace.

Now if you can spend a little more, you will get more for your buck at the eco-friendly EOS located 100 W 31st Street and 6th Avenue. For example, a 2 Bedroom/1 Bathroom unit with a new construction concession goes for $6,254 on the lease term. Extremely large living room, pass through kitchen and washer/dryer in unit. Enjoy the warm-toned and organically textured bathroom. Amenities include a roof terrace with outside dining, game room, media room, golf simulator, and a fitness center which includes a basketball court, yoga studio and spin studio.

If you would like to know more about EOS in Nomad, you can visit their website. If you find something you like, give them a call, (212) 899-3131 to schedule a tour.

There Are More One Bedroom Rentals to Choose From in Historic Downtown JC

jc one bedroom rentals Historic Downtown proves to be the most sought after place to live in Jersey City. The area, comprised of 300 restaurants, cafes and bars, provides residents with a rich culinary and active nightlife scene. The 19th century brownstones of Downtown Jersey City attract a variety of residents to this trendy gem.

There’s a new luxury apartment building in Historic Downtown Jersey City making the news according to Jersey Digs . In Historic Downtown, the Rushmore completed construction this year and occupies 18 units with 5 stories. Leasing is now available for one bedroom units at the Rushmore by stopping by 17-19 Division Street, Jersey City, NJ 07302 or a making a phone call to (201) 239-9000.

There are other JC one bedroom rentals recently available as well. Modera Lofts offers brand new apartments for rent in Jersey City with luxury studio through three-bedroom loft-style residential rentals. Using reclaimed materials and style, Modera Lofts features amenities like a hotel-style rooftop lounge, club-quality fitness center, zen yoga and spin room, pampering pet spa, and inspiring work-from-home offices. Modera Lofts address is 350 Warren Street, Jersey City, NJ 07302 and phone is (855) 902-9826.

Another recently opened luxury apartment building called The One has surfaced with much enthusiasm city wide. The One is located at 110 First Street, Jersey City, situated near the vibrant Waterfront area, providing stunning views of the Manhattan skyline. Located on the corner of 1st Street and Warren Street, The One is just a short 5-minute walk to the PATH. The One offers pet-friendly accommodations and a top-notch rooftop sundeck with a swimming pool and cabanas. Also offered is a state-of-the-art fitness center with a dedicated weight room and yoga studio. Contact The One at www.theonenj.com for availability and/or more information.

 

Keeping Up With Apartment Repairs In The Bronx NY

Metropolitan Oval at Parkchester Apartments in the Bronx NYParkchester South Condominiums has been in a battle with unit owners over a maintenance fee increase since the first quarter of 2016. PSC Management wanted to impose a 15.19% increase on unit owners. The problem with that is one of those unit owners is Senator Ruben Diaz, Sr.

Senator Diaz enlisted the assistance of Assemblyman Luis Sepulveda to act as lead council in a lawsuit against PSC. The Condo management team was requesting the fee increase to cover expenses for needed repairs that could lead to ceiling collapses that could lead to tenant injuries, owner displacement, and units in such disrepair that would render them unsellable. PSC was taking steps to start an eviction process on those owners that had not paid the fee increase. When the lawsuit was filed, the court ordered PSC to cease all activity in regards to evictions until the case was settled.

A settlement was reached back in January that would allow condo owners who could show documented proof of financial hardship to pay the maintenance fee over a four yer period. There are additional details of the settlement that are long and boring. If you are interested you can read the article in the January 21, 2017 edition of the Bronx Times. For now, the settlement has halted the eviction of any of the 8,286 unit owners residing in the Parkchester South Condominiums.

How does a complex as large as Parkchester allow the maintenance of their buildings to fall so far behind that there is a potential danger to the owners and residents? The Parkchester apartment community in the Bronx NY is made up of 171 buildings laid out across 129 acres with parks and walkways woven throughout the community. The parent company of Parkchester South Condominiums and Parkchester North Condominiums is Parkchester Preservation Management.

5 Reasons You Know Your Next Residence Includes Generous Layouts

When looking for residences with generous layouts, there are several things to watch out for.

  • It has a walk-in closet (that you can actually walk into). One of the best ways to know that they are actually being generous on space is if you have storage space, and plenty of it.
  • Open floor plans will always seem more spacious and generous than closed ones. They may actually be smaller, but if they are open, with nice, big windows… it will seem bigger.
  • When going to see an apartment, see how you feel when you walk in. Feel trapped? Not enough space for you. If more than just yourself is going to be living there, it may be a good idea to take a couple of people with you to get a feel of what the apartment would be like with more than person in it. And, if you have a hunch it might be too small, look for a bigger one.
  • Check out the bathroom. If your apartment truly has a generous layout, you shouldn’t have to have a tiny shower. Both elbows shouldn’t touch the shower walls. There should be plenty of space to get undressed or to move between the door and the other elements of the bathroom.
  • Though many apartments offer spacious layouts, some have smaller kitchens. This is typical, but considering the amount of time that you are in the kitchen, you may want to consider another one.

Some complexes, like the ones you can see at house39.com, offer tons of amenities with indoor and outdoor spaces. You could count these as part of a generous layout, considering that they are a sort of extension of your apartment. It really depends on how often you’ll be using them.

Can’t Find an Apartment in the Bronx? In NY, Homelessness is No Joke

If you are looking for an apartment in the Bronx, you might be having a hard time and joke about being homeless. However, the topic of homelessness in New York is a pretty serious thing. Even worse, a lot of money is thrown at the issue and it does not get better.

Currently, around 60,000 people live in the shelter system in NYC. These people have families, and some of them are working. The rent in NYC increased 19-percent in the last 16 years while the average income decreased six percent. This did not do anything good for NYC residents and their ability to maintain a residence.

The story of individuals who work hard and struggle, despite having a job, are hard to read. These stories involve teachers and plumbers, people who have steady jobs and people who have jobs that cycle through good pay and no work. These people have made mistakes, bad decisions or simply have had life happen to them. If you think it is easy to get an apartment in the Bronx NY, then read a couple of their stories and start to understand why the system is not helping these people. This is despite the best intentions.

Living on your own in NYC is expensive and challenging. It has its positives too, however, since you can call the place your own and take pride in the residence you have created and pay for on a regular basis. Take time to find the right apartment for you, since it is the place you go to relax and enjoy your time away from work.

Knowing that life can be very different depending on perspective can give you a better appreciation of what you do have when you have worked hard and earned your place. Take pride in that success.