Hudson Street mansion shatters record for most expensive Hoboken home sale

HOBOKEN—Records are made to be broken, and in Hoboken’s red hot residential real estate market, it seems like a new record is coming down every week. Last week, a 6,600-square-foot Castle Point mansion became the most expensive house in Hoboken history when it closed for $4.35 million, topping the previous mark of $3.5 million set just last June, according to the Hudson County Multiple Listing Service.
Both the current record holder ($4.35 million) and the previous record holder ($3.5 million) are on the 900 block of Hudson Street in Hoboken’s Castle Point section, home to some the city’s most opulent rowhouses. RE/MAX Gold Coast Realty broker Edward Perez, whose represented the buyer in the record $4.35 million sale of 925 Hudson St., called the building “one of finest homes I’ve ever been in.”
The availability of such quality housing stock in an attractive community with very close proximity to Manhattan, but at half the price or more than similar homes in Brooklyn or Manhattan, is driving demand in the Hoboken luxury market, according to Perez.

$6.6M combined condos listed

The same opportunities are also driving prices in Hoboken’s condominium market. Last week, Avenue Residential broker Kristin Ehrgott listed two condos on the 22nd floor of the W Hotel together for $6.6 million, which will easily become the most expensive condo in Hoboken history if sold.
Intended to be combined into one 4,300-square-foot mega-condo by their new owner, the apartments offer 5 bedrooms, 3 balconies, 2 valet parking spots, commanding views of the Midtown skyline and Hudson River, and all the amenities of the W Hotel. “There has never been a condo like this available in Hoboken or on the Hudson River waterfront in New Jersey,” said Ehrgott.
Despite its unique qualities, Ehrgott said she only expected the W Hotel property to hold the record for most expensive Hoboken condo for two to three years, if and when it is sold, noting that prices for similar residences in Manhattan were already two to three times higher and growing.
“Five years ago, Brooklyn was at our level in terms of prices,” said Ehrgott. Now the most expensive house on the market in Brooklyn is a $40 million, 17,500-square-foot brownstone in Brooklyn Heights, according to the Wall Street Journal. “Maybe that’s the direction we’re headed in,” she added.
For more photos and information, see this weekend’s Hoboken Reporter newspaper.

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