New York Post: The New Jersey town poaching residents from Hoboken

ny postVia The NY Post 

New York City is grand, says Peter Doumas, but it’s even better from a distance.

Few spots offer an arms-length urban experience quite like Weehawken, NJ, where Doumas moved two months ago with husband Eddie DaSilva, 43, an esthetician.

Tucked between Hoboken to the south and West New York to the north, the waterfront town offers Manhattan views and a quick commute (via two ferry terminals or a bus ride through the Lincoln Tunnel, which sits at the town’s southern edge) into the city as well as a lifestyle that Doumas, who works in health benefits, describes as high on quiet and convenience and low on hustle and bustle.

“I’m on the Hudson River with views of the city, but I feel like I’m in Bergen County with a yard and a lawn,” says Doumas, 47.

Actually, Doumas and DaSilva’s two-bedroom in Lennar’s Henley on Hudson condo development (201 units, prices from $1.4 million to $2.5 million) features a terrace and communal landscaped space.

“I’m sitting on my outdoor terrace looking at an English garden in a modern condominium building with a view of the river and Manhattan in front of me,” he says. “It’s just an amazing combination.”

ferry.jpgWeehawken isn’t quite “on the radar” like nearby hot spots Hoboken and Jersey City, says Halstead agent Sharon Shahinian, who specializes in Hudson County real estate.

But she notes that over the last decade, as a spate of new residential developments have risen along the waterfront, Weehawken has emerged as an option for people priced out of those areas as well as empty-nesters looking to relocate from the Jersey suburbs to somewhere closer to the city.

“People are usually coming here from the suburbs or the city because they can’t afford Manhattan or Brooklyn anymore, and they initially want to look at Hoboken or Jersey City,” she says. “But then they are disappointed with how small [units in those towns] can be, and so you then say, ‘Let me show you Weehawken.’ ”

According to Trulia, the median sales price in Weehawken in 2018 was $685,000 and median rent was $2,550 per month. Meanwhile, comparable statistics for Hoboken were $715,000 and $3,300, respectively.

Jersey City appears cheaper than both, with a median sales price of $450,000 and a median rent of $1,800. But looking just at that city’s popular Downtown market, though, the median sales price hits $800,000, median rent $2,544.

ruthThe area continues to add both residential and retail projects. Perhaps most notably, in May, Whole Foods plans to open a store in Lincoln Harbor — a 60-acre riverside parcel in Weehawken’s southeast corner developed by Hartz Mountain that features a 350-room Sheraton hotel, a Ruth’s Chris Steak House, a Houlihan’s and a CVS, as well as Harbor 1500, Estuary and the Riva Pointe Condos (245 units from $450,000 to $1.4 million).

On the northern swath of the waterfront, in the town’s Port Imperial section, is Doumas and DaSilva’s home, Henley on Hudson, along with neighboring projects 1200 Avenue (103 units from $2 million to $2.5 million) and 1000 Avenue (74 units, three-bedroom resale currently available for $3.3 million).

1200-avenue-weehawkenWeehawken’s older neighborhoods atop the river bluffs are also a draw, says Halstead’s Shahinian, especially for house hunters looking for detached single-family homes, which typically run in the $800,000 to $1.5 million range. Some, particularly along Hamilton Park, go for more. A six-bedroom colonial at 1 Hamilton Avenue, bordering the park, is currently on the market for $7 million. (And, yes, Hamilton Park is the site of the infamous duel in which Aaron Burr killed Alexander Hamilton, founder of the New York Post.)

Weehawken lacks a compact downtown. A Hoboken couple “looked at a beautiful apartment,” Shahinian says. “It suited all their needs — right on the water, amazing views, 2,500 square feet, tons of storage. We drove back into Hoboken and the first thing [the woman] said is, ‘Oh, I can’t leave.’ She wanted the walkability.” FULL STORY

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: