3.9% 30-year Fixed-Rate Mortgages Offered at The Beacon Luxury Condominium in Downtown Jersey City, NJ

JERSEY CITY, NJ — Already known for its historic Art Deco architecture that captivates residents at every turn, The Beacon is now making history on the value front with the availability of incredible 3.9%, 30-year fixed-rate FHA mortgages, up to 96.5% financing, and the lowest prices ever offered at the luxury Jersey City condominium community for the next 16 buyers.

With as little as $11,375 down, buyers can now purchase uniquely-designed one-bedroom homes from just $325,000 and two-bedroom, two-bath residences from $475,000.

“The combination of our attractive pricing and a secure, 30-year mortgage at a fixed-rate that is well below the national average has provided the primary thrust behind an uptick in recent sales activity at The Beacon,” notes George Filopoulos, President of Metrovest Equities, which is developing the art deco landmark that will ultimately comprise ten buildings containing 1,200 luxury residences and 80,000 square feet of retail space. More than 75% of The Beacon’s initial phase of 315 condominium residences has closed.

“The program translates to increased value and is giving buyers added confidence in their new home purchase.”

The incomparable value is further enhanced when you consider The Beacon’s extraordinary lifestyle and amenities offering. The community’s Club Aqua is an unprecedented destination for leisure time featuring 45,000 square-feet of resort-like amenities including an indoor pool, an Aqua Grotto lounge with hot tubs, his/her saunas and steam, social sauna and treatment rooms; a yoga studio, fitness center, juice bar, screening room and a children’s playroom. There’s also a restored Art Deco theater/event space with catering kitchen, a rooftop sundeck, poker room, a reading gallery and a magnificent billiards hall.

Residents also enjoy private concierge service, valet parking and convenient shuttle service to PATH trains and ferries to Manhattan, while The Beacon Express, an onsite market offering prepared foods, fine cheeses, mouthwatering desserts and assorted conveniences, recently opened its doors.

Future additions to The Beacon will be a rooftop bar/restaurant, town center with retail shops and a gourmet market, a highly-regarded Pre-K early childhood learning and daycare facility, an Art Deco Indy Movie Theater and an art gallery.

The Beacon’s loft-like condominium residences feature an abundance of upscale finishes and appointments, and many of the homes offer sweeping views of the Manhattan skyline, the harbor and beyond.

The spectacular residences are distinguished by outstanding detailing and finishes and soaring ten-foot-high ceilings. Spacious eat-in kitchens feature Pietra Cardosa stone countertops, glass backsplashes, full-height pantries and stainless steel appliances, while bathrooms boast elegant marble and premium finishes and fixtures. All homes offer a washer and dryer and are pre-wired for multi-phone lines, high-speed internet and digital TV.

For more information on The Beacon, please visit http://www.thebeaconjc.com. To make a private appointment to tour the furnished model home, please call 201-716-3000. The Sales & Presentation Center is located at 4 Beacon Way (a.k.a. 50 Baldwin Avenue), Jersey City, NJ 07304.

Media Contact: George Cahn: gcahn@cahncomm.com
CAHN Communications: (201) 876-3100

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