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REAL ESTATE
This New Jersey mansion just sold for $16.7M — marking the Garden State’s priciest sale so far of 2024
In Alpine, New Jersey — an affluent New York City suburb — a gated four-story property has entered the ranks of the Garden State’s most expensive properties after selling for $16.7 million. The abode, which initially sought slightly under $20 million when it listed in March, closed this month for less — but for more than any other home has gotten in New Jersey so far this year, Mansion Global first reported. Although the state’s leader for 2024, the property’s sale hardly threatened the crown-holder for New Jersey’s all-time priciest pad: an almost 27,000-square-foot residence that netted $28.46 million in 2006. Fish falls...
Totowa Joins Legal Challenge Against New Jersey’s Affordable Housing Mandates
TOTOWA, NJ - The Mayor and Council of Totowa have decided to join a legal effort challenging New Jersey’s affordable housing rules. This initiative, led by the Borough of Montvale in Bergen County, aims to address the state-imposed requirements for municipal affordable housing. The resolution emphasizes that while affordable housing benefits all municipalities, the responsibility should be distributed fairly. Montvale is organizing the lawsuit and inviting other municipalities to join to make the legal challenge more effective and efficient.CLICK HERE TO SIGN UP FOR THE FREE TAPINTO.NET NEWSLETTER By participating, each municipality could benefit from favorable court decisions. The...
Halfway through 2024, these are the 10 most expensive homes sold in North Jersey
We're only a little more than halfway through 2024, but North Jersey has already seen many luxury home sales take place across our region. Between mansions on several acres of land, amenities like home theaters and wine cellars, and properties owned by professional athletes, we've kept track of the grandest homes that...
COOKFOX is flipping a former prison in Manhattan into affordable housing
The art deco building at 550 West 20th Street in Manhattan has lived many lives. It’s well-known in Chelsea for its chamfered corner that greets pedestrians turning from West 20th Street onto 11th Avenue. Shreve, Lamb and Harmon—the same office behind the Empire State Building—designed it in 1931 to...
Westchester home values in uncharted territory
WESTCHESTER COUNTY, N.Y. -- The median price of a single-family home in Westchester County, New York has topped $1 million for the first time. It's not just a big-dollar benchmark for real estate in New York City's northern suburbs. It's the new normal. "This is unprecedented, actually. Looking at us, this time last year we were in the 9s. And now we've definitely crossed way passed the $1 million mark," said Crystal Hawkins-Syska, with the Hudson Gateway Association of Realtors. "Demand right now is very, very high"According to Hawkins-Syska, a seven-figure median sales price is the result of a couple of factors, including...
Multifamily milestones: The Jefferson hits lease-up, Starling see 75%
Two new multifamily options in active North Jersey communities are celebrating leasing milestones. Both are drawing tenants, to Bergen and Hudson counties, with amenity-rich lifestyles and accessible ...
Homes at or under $1 million in Passaic County
Prospective homebuyers considering the real estate market had a range of options in various neighborhoods throughout the region between July 15 and July 21. In this article, we outline recent property sales in Passaic County, all of which featured homes under $1,000,000. Here, we provide a breakdown of the top...
Pacific Palisades spec mansion trades for record $32M
A Pacific Palisades spec mansion was snapped up in a $32.3 million sale, marking the neighborhood’s priciest deal in more than a year. The trade of 538 Chautauqua Boulevard beats anything sold in the Palisades in 2023 and holds the record so far for 2024, Compass agent Jacqueline Chernov said.
JLL Capital Markets closes sale of the 226-unit apartment complex
Class A multi-housing community in Hackensack sells. Hackensack, NJ — JLL Capital Markets announced today the sale of Avalon Hackensack at Riverside, a multi-housing community containing 226 apartment homes located at 414 Hackensack Ave. in Hackensack. JLL worked on behalf of the seller. Built in 2013, the property has...
W Orange Planning Board Considering Request to Build Almost 500 Apartment Units Near West Essex Highlands
WEST ORANGE, NJ -- On Tuesday, July 30 and Wednesday, July 31 at 6:30 p.m., the West Orange Planning Board will be discussing the almost 500 apartments that a builder has proposed for property near the West Essex Highlands. Public comments will be accepted from residents in person in Council Chambers. During this week’s town council meeting, a couple of attendees spoke out against the development. Law Professor Paul Trachtenberg, a member of We Care, talked about the fee schedule for clearing the trees, “If that application is approved, the developer plans to remove many thousands of...
Old home makes way for new homes
ORANGE — It took about an hour for the 143-year-old building at 179 Central Place to come down. “It was built in 1881,” said Walter D. McNeil Jr., executive director of the Orange Housing Authority. “You can imagine, the building materials were not the best.”. It was...
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