Real estate is a long-term investment, and homeowners in the 160-townhouse community in Boatworks, Bayonne, are beginning to realize the benefits of holding their investments until there is a shift in the market.
In late 2004, the first set of townhouses were sold in the waterfront community, and shortly after, owners had their share of market uncertainty. Buying for unusually high prices of the 2005-2006 period, plummeting real estate values when the bubble burst in 2008, and hurricane Sandy in 2012, homeowners who weathered the storm are realizing the equity they only once dreamt of.
Earlier this month, an 1800 sq. ft. Bryant-style townhouse, the 3rd largest style in the community, was sold at $600,000 or $333.33 per square foot. This unique style is just one of the many attractive features of the community. The larger floor plans, the Madison and the Sheridan, offer even more space and comfort.
In February this year, another Bryant-style townhouse was sold at $311,11 per sq. ft., the second highest price for the floor plan. This sale, along with the recent $ 600,000 sale, indicates a strong market for Bryant-style townhouses in the Boatworks community.
Both townhouses were marketed by Janice Hall, Broker / Salesperson of Weichert Realtors Jersey City downtown. Hall’s expertise and deep connection to the Boatworks community, where she has been selling homes since the builders left in early 2006, make her the perfect partner for your real estate needs. She is not just a realtor, but a staple in the community, regularly supporting and contributing to Boatworks community events.
To learn about Boatworks visit www.boatworksbayonne.com or connect with Janice at 201-232-8577.
