Hello Shavone,
Sorry for the very late reply. I just saw your question. Are you still interested in your original question topic from last summer? I'm not a real estate agent or broker, but, I have lived in Hudson County for most of my life.
To answer your original question: Yes, it is possible to find a nice, decent condo or co-op in a nice, decent area in North Bergen that is reasonably close to transportation to NY for under $100,000. But, these condos/co-ops will be those with one bedroom. Also, you'll need to check on things like the "pet policy" if you have any pets, and so on. Here are some links:
http://www.trulia.com/property/3069769805-8500-Boulevard-East-North-Bergen-NJ-07047
http://www.trulia.com/property/3057662189-8700-Boulevard-East-3H-North-Bergen-NJ-07047
http://www.trulia.com/property/3064699450-7111-Palisade-Ave-B2-North-Bergen-NJ-07047
http://www.trulia.com/property/1083933814-7100-Kennedy-Blvd-E-3P-West-New-York-NJ-07093
http://www.trulia.com/property/3015177852-7100-Kennedy-Blvd-E-Guttenberg-NJ-07093
http://www.trulia.com/property/3084128114-Condo-North-Bergen-NJ-07047
I don't have personal experience with real estate agents in this area but I have heard very good things about
http://www.trulia.com/voices/profile/Real_Estate_Pro-Edgewater_NJ-1202335/. She also has listings at http://www.realtorkaili.com/.
One piece of advice: Avoid any property on River Road or right on the Waterfront. Why? These properties often require extra expenses such as flood insurance, not to mention the need for you to purchase new furniture and personal home items if/when your property becomes flooded from the Hudson River.
Hope this helps! If it's too late for your original purposes, I hope it helps for your long-term goals for buying a property. Kindly let us know.
Sincerely,
Ms. JerseyGal... more
Could you please clarify your question.
Do you mean you would buy multi-family houses with 1 BR apartments in it and would like to rent them out?
If so, you can definitely rent. It is your building and you can appropriate it anyway you like in accordance with the zoning of the house.
Perhaps your question is about finding out the feasibility of getting tenants in? Mostly in Hudson county, as long as the rent price and conditions are right, you should not have a problem populating a rental.
I guess I am not sure what the question is.
Amos Elroy
CDPE (Certified Distressed Property Expert),
SFR (Short-Sale Specialist Certified)
Residential Real Estate Investment Consultant
Lic. Realtor Associate
EXIT On The Hudson Realty
(888) 462-6573 / (888) HOB-NJRE
FAX (888) 462-6573
Office 201-437-0411
http://www.HobNJRE.com
Twitter & Facebook: HobNJRE... more
Hello, i actually live in the hudson harbor, its a very well managed building. the greatest thing about it to me is the rare 40 foot wrap around balconys from the 2 bedroom units, especially the E and H lines, which have views from the george washington bridge, all the way down to the verrazano. if you have any specific questions let me know. 201-868-6677.... more
Hi Enriqueta, I am agree with those people who think it is better to buy now than renting in most of the cases, I understand in few cases is better to keep renting. With today’s housing market where the prices are already low in Hudson County area, and historic low interest, definitely your mortgage payments will be very low if you buy a 2 family or 3 family house. Just let me show the math and you can figured out the rest, Average price of 2 family house in House County is 240k and taxes are around 8k, if someone buy a 2 family house the PITI (Principal Interest Tax and Insurance) will be aprox. 2k +/- for a month (check with a mortgage rep.). If someone is renting provable are paying average around 1200 plus util. It that make sense to you why you should buy?. There is another 2 thing you have to put to the math.
* In Hudson county area, the rentals are going up, according to the statistics, during the last year went up 4%, base in many factors, but the main factor there is no new rentals developments going on in the area, and the number of tenants has been increased.
* The other factors and very important factor is: A simple example. Let suppose you buy a house financed for 30 years and you pay your monthly mortgage with a fixed interest rate the same amount for 30 years. At the end of the 30 years the house is paid off, and your equity is the total value of the house. Now let say you live in one apartment for 30 years paying the same amount (in real life will be increased every year base in index factor) after 30 years you have nothing still looking for rental.... more
One more thing to keep in mind. You mentioned a worsening housing market, which is true, especially for one families in NB. Your best chance to get the most amount of money is to sell in the least amount of time. Think of it like a downwards curve, where more time means less price. go to this link on my website for some helpful info. While your there feel free to take a look at my testimonials from past clients as well. Thanks.
my website: www.AbbasiTeam.com
Seller resources: http://189172.yourkwagent.com/atj/user/SellerResourceGetAction.do... more
Hello, there are currently 25 co-ops on the market in woodcliff gardens. the studio maintenance fees are around $450 a month, the one bedrooms are around $800, and the 2 bedrooms are between $1,000 and $1,200 a month. Keep in mind this includes heat, hot water, common area maintenance, and most importantly, TAXES! If you have any more detailed questions about this community or any other north bergen real estate feel free to give me a call. 201-281-3855. Thanks.... more
Aniley,
Look into a temporary CO which will allow you to close on the property and will also allow you a certain amount of time to fix the property and then the town will reinspect and if everything is done up to code, permits paid, etc., they will issue you the Certificate of Occupancy.
Good luck,
Gina Chirico, Sales Associate
Lattimer Realty
973-715-1158 cell
973-575-6353 ext 17 office... more
It's right on my jogging path across from the Braddock park. So you have park view on one side and the river and skyline on the other. NYC transportation is right at your doorstep and you have the option of NJT buses to Manhattan or take the NY Waterway bus to the ferry. The units may be hit or miss as some are updated and some are not. It is a coop and they do require board approval and I think 10% down payment, but what a lovely setting!... more
Professional code of ethics prevents any Realtor make a comments OR predict the future
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com... more
Jeez Louise realtors are so aggressive like the one that answered this. I'm a home owner and just rented a two bedroom apartment in a house with a deck and parking, one block from boulevard east.
$1600 is a fair price.
More than that and you're getting into "luxury" territory if that's what you want.
Good luck.... more
Since no link is visible and no address given you may wish to ask your question again--or any local agent(s) can help you--contact any realty office(s) and inquire about the property.
Hi Richard, great question. Maintaince fees are not determined by area rather by what's included in the fees. Usually with fees that high there are usually amenities included such as doorman, pool, parking, etc. In a 20 unit building
you might not have those but have heat, hot water and maybe even cable or electric are included. The avg in the area for heat and hot water included is usually $275-$350. With other amenities can jump to $500 and up based on sq. ft. Point of reference would be Woodcliff Gardens which is a co-op, their fees range from $800-$900, which include taxes as well as the items above. To answer your question about resell, you can expect increases if 3-5% yearly so by the time you resell they will be higher than they are now. Most importantly make sure your lawyer requests the building financials to be sure the money us being spent wisely. Hope that was helpful, feel free to contact me at 201-519-2348 or email Thomas.spiess24@gmail.com with any further questions. Also regarding your other question about can you buy a home with 0% down it would need to be a VA loan which with a condo can be challenging. Good luck with your purchase.... more