Melissa Rivas of Liberty Realty Has Completed Several Sales at 16-Story High-Rise to Buyers Seeking Affordable “Gold Coast” Living
UNION CITY, NJ – New Jersey Hudson River waterfront Cities have become well-known as destinations for single-professionals, couples and growing families with revitalization bringing upscale high-rise residential buildings to the riverfront and chic shops, boutiques and fine restaurants lining their downtown neighborhoods.
The surge in popularity of places such as Hoboken, Jersey City and Edgewater has left a dwindling inventory of homeownership opportunities that are within the budget of first-time buyers seeking an upscale urban lifestyle and ease of commutability. This decade-long gentrification has led to an expansion of the Hudson River “Gold Coast” into neighborhoods that provide affordable luxury, lower housing prices and similar public transportation access to Manhattan.
“We are seeing homebuyers from throughout the spectrum who want a living environment similar to what you’ll find in Hoboken or Jersey City, but can’t afford the high prices of luxury condo buildings and townhomes directly on the water,” says Melissa Rivas, Realtor Associate at Hoboken-based Liberty Realty. “They are asking for housing options in surrounding municipalities that provide more space, views of Manhattan, well-amenitized buildings and a quick trip to New York City. Unfortunately, the inventory of homes which fulfills all these desires is limited.”
Ms. Rivas has found one Hudson County building that fits this criteria and drawn the attention of young professional homebuyers from New Jersey and Manhattan to Brooklyn and Queens. The Lenox on Central Avenue in Union City offers upscale condominiums, Manhattan-style amenities and a convenient location minutes from New Jersey Transit busses to Manhattan. Homes are priced to appeal to buyers currently renting in New York City, Hudson County and beyond with condominiums starting at $179,000.
“At the Lenox it starts with the pricing,” points outs Ms. Rivas, who has sold several homes at the 16-story high-rise building. “Buyers can choose from a selection of floorplans that are generous in space and offer the latest in designer finishes and appointments at a price that’s well within their budget. In fact, there are condominiums priced under $300,000 that provide incredible panoramic views of New York City that can’t even be found on the Hudson River waterfront. It’s a buying opportunity that is rarely found west of the ‘Gold Coast.”
Ms. Rivas, who has been active selling Hudson and Bergen County real estate for 14 years, also understands transportation plays a key role for those moving to the area. She notes the Lenox’s commuter-friendly location has been a major consideration for her clients.
“The Lenox offers easy access to the many restaurants, entertainment and cultural delights here in Hudson County, as well as the business centers of New York City,” she says. “Residents can be in Hoboken in less than 15 minutes and Manhattan is just 8 minutes away.”
Sun Equity Partners, developer of The Lenox, released newly renovated condominiums and an exciting suite of five-star recreational and social amenities at the building in early summer. More than 50% of the homes at Lenox are now sold as buyers have responded enthusiastically to this unique chance to enjoy modern land luxurious living at value-packed pricing.
“The developer has done an amazing job modernizing the building and revitalizing the neighborhood,” Ms. Rivas adds. “It’s very impressive to my client’s when they walk into the building and see the urban oasis created by the elegant lobby with marble floors and 24-hour doorman. There also excited to discover the wealth of on-site amenities, including resident’s lounge, community garden and fitness center. The fact that its pet-friendly is another big attraction.”
Available for immediate occupancy, the newly-released studios, one- and two-bedroom residences at The Lenox feature spacious floor plans with contemporary finishes and appointments. The building is also approved for favorable financing programs offered by the Federal Housing Authority (FHA) that require only a 3.5% down payment.
“As more buyers learn how attainable homeownership is at The Lenox, I fully expect a new wave of renaissance,” says Ms. Rivas. “The FHA financing considerably lessen the amount of money needed to purchase and historically low interest rates make owning at the Lenox comparable to what many are paying in monthly rents.”
A variety of floor plans are available at The Lenox which range in size from 535 to 1,089 square feet of living space. Designer finishes found throughout the homes include hardwood floors, kitchens with stainless steel GE appliances, custom white gloss kitchen cabinetry and quartz countertops with marble backsplashes; and spa-like bathrooms with imported tile walls and floors and Moen shower fixtures.
“Select homes also offer balconies with incredible views,” adds Kelly Marzullo, Director of Marketing for The Lenox. “Residences facing east enjoy the spectacular expanse of the Hudson River and Manhattan Skyline, while other exposures include sunsets over the preserved wetlands to the west and nearby Washington Park.”
Bolstering the enviable lifestyle at The Lenox are the number of Manhattan-style amenities which include the onsite 24-hour concierge to handle specific needs and requests, magnificent lobby, state-of-the-art fitness center, residents’ lounge and a clubroom with pool table and flat screen TV.
In addition to its attractive pricing, stylish homes and exciting amenities, The Lenox also offers residents an ultra-convenient location and complimentary shuttle service to the Hoboken PATH station is provided from the building’s front door.
“The building is one block away from NJ Transit Bus Stop with direct service into New York’s Penn Station, and the Hudson-Bergen Light Rail is a 15-minute walk away at Hoboken’s 8th and Jackson Streets platform,” Ms. Marzullo points out.
Fully furnished model homes are now open at The Lenox. Merchandised by prominent interior designer Debee Weisman of T.D. Designs, the residences illustrate the comfort, value and appeal of the building.
For additional information on The Lenox, please call (201) 866-8768 or visit http://www.thelenoxcondosnj.com. The building’s Sales Center is open by appointment only. Open Houses are conducted on Sundays from 1 p.m. to 3 p.m.