Of the 7 condos that changed ownership so far in Jersey City downtown during November, Liberty Terrace at 25 Hudson Street has achieved the highest sale price. Unit #607, a converted 2 bedroom 2 bathroom 1342 sq. ft. condo, sold for $1,050,000 or $782 per sq. ft. in just 17 days. The price per sq. ft. is slightly less than that of the penthouse units on the 9th floor that closed in October for $1,025,000 or $791 per sq. ft.
So far this year, 12 condos have sold in the downtown building that enjoys uninterrupted views of the Hudson River and the Statue of Liberty, and the price per sq. ft. has steadily increased. Unit #902, also on the 9th floor, achieved the highest price per sq. ft. to date of $823, or $750,000 for a 911 sq. ft. unit. This condo closed in August.
The price per sq. ft. of the condos that sold this year ranges between $612 and $823, with an average of $706 per sq. ft. The highest days on the market was 184; this condo sold for $612 per sq. ft., while the shortest time was 6 days for a penthouse unit that fetched $684 per sq. ft.
If you are interested in finding out more about Liberty Terrace or any other Jersey City downtown condo building, call Janice Hall at (201) 232-8577 or email me at [email protected].
