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Tuesday, jan 28
Real Estate
US Home Sales Plunge To Lowest Level Since 1995: Here's Why
Home sales in 2024 tumbled to their lowest level in nearly two decades but the Northeast offered a small glimmer of hope in an otherwise challenging year for the housing market. Existing-home sales dropped to 4.06 million in 2024, the National Association of Realtors (NAR) said in a news release on Friday, Jan. 24. That figure marked the worst year for the US housing market since 1995. The sales drop happened as the median price of a home reached a record high of $407,500, up six percent from 2023. "The median home price was elevated partly due to the upper-end market's relative …
Real Estate
New Details, Video Show Workforce Housing, Transit Hub Project In Hackensack
Bergen County officials have released a brand-new video rendering of Bergen Junction, a transformational mixed-use development in Hackensack that aims to provide affordable housing for essential workers, support veterans, and revitalize the NJ TRANSIT Hackensack Bus Transfer (scroll for video). The project — announced by Bergen County Executive Jim Tedesco, the Board of Commissioners, and the Bergen County Improvement Authority — will replace the former Bergen County probation building and outdated bus terminal with state-of-the-art facilities. Bergen Junction will feature a five…
Real Estate
Chinese Billionaire Fraudster's Former Mansion Is Most Expensive NJ Listing At $33M
A historic Bergen County estate seized from a Chinese billionaire indicted in a $1 billion fraud scheme last year has become the most expensive residential listing in New Jersey, on the market for $33 million (scroll down to see the complete listing with photos). The Crocker Mansion, located at 675 Ramapo Valley Road in Mahwah, spans 50,000 square feet and sits on 12.5 gated acres. Originally built in 1907, the property features 21 bedrooms, a pool house, tennis courts, and a guest house. It was declared a historic landmark by Mahwah Township due to its unique place in local history. In Mar…
Real Estate
Workforce Housing, State-Of-The Art NJ Transit Bus Terminal To Transform Downtown Hackensack
Hackensack is poised for a major transformation as plans for the redevelopment of 133 River St., the site of the city’s aging bus terminal and a long-vacant site of the county probation building move forward. Last week, the Hackensack Planning Board reviewed the Bergen County Improvement Authority’s (BCIA) ambitious proposal to bring a state-of-the-art NJ Transit bus terminal and workforce housing to the city’s downtown. The 387,000-square-foot project will include a 15-story residential tower with 168 units designated for veterans, disabled veterans, and essential workers in fields such as …
Real Estate
Inside Ora: Brand-New Hackensack Mixed-Use Building Nearly Ready To Start Leasing
Hackensack’s downtown renaissance continues with the grand opening of Ora. The stunning 270-unit mixed-use community at 321 Main St. will soon offer luxury studio, one, and two-bedroom units. Executives from The Hampshire Companies, along with project partners Russo Development and Riverbank Management LLC, were joined by Hackensack Mayor John Labrosse and Deputy Mayor Kathleen Canestrino for the ribbon-cutting ceremony last month. Ora stands seven stories tall at the intersection of Main and Berry streets, the former site of Oritani Bank, and is managed by Russo Property Management.…
Real Estate
Record-Breaking Sale: $8.25M Mansion Is Most Expensive Home Ever Sold In This NJ Town
A New Jersey estate has shattered local real estate records, becoming the most expensive home ever sold in the area — with multiple offers and with a sale of more than $300,000 over the initial asking price (keep scrolling to see more photos). The stunning property at 15 Hillside Ave. in Short Hills sold for $8.25 million on Dec. 11, 2024, outpacing its $7.925 million asking price and eclipsing the previous record of $6.8 million, set by a home at 253 Hartshorn Drive in October. The listing agents were Cristian Perez and Tony Verducci of Serhant New Jersey. The new owners are "move-up buyer…
Real Estate
NJ Mansion With Snow-Melt System, Indoor-Outdoor Pool Listed At $6.75M
An iconic Montclair estate that blends historic charm with modern luxury is now on the market for $6.75 million. Known as "Daybreak," the meticulously restored property at 88 South Mountain Avenue offers eight bedrooms, eight full and one-half baths, and breathtaking New York City views—all set on 1.46 acres of lush, private grounds. Listed by Cristian Perez and Tony Verducci of Serhant Real Estate, the estate is designed for both relaxation and entertainment, with standout features including a year-round indoor-outdoor pool and spa, a greenhouse, and a two-bedroom carriage house apar…
Real Estate
Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics
Homebuyers are increasingly considering political leanings when choosing neighborhoods, according to a brand-new report. Real estate agents note that clients prioritize communities aligning with their political views, seeking compatibility beyond traditional factors like schools and safety, the Axios story says. This trend may lead to more politically homogeneous neighborhoods, potentially impacting local governance and community interactions. Additionally, new real estate platforms, such as Oyssey, provide insights into neighborhood political affiliations, further enabling buyers to…
Real Estate
Record-Breaking $2.45M Sale Closes In Bergen County Luxury Community After 7 Days On Market
A record-breaking real estate sale in Bergen County has set a new benchmark in one luxury community. Saddle River Grand, home to 68 exclusive townhomes, saw a pristine, newly renovated end unit at 140 Cortland Dr. close on Friday, Dec. 6, for $2.45 million—surpassing the previous high of $2.299 million set in December 2022. The average Saddle River home value is $2,069,484, up 7.9% over the past year, as of Tuesday, Dec. 17, according to Zillow. The property was listed at $2.299 million with Diane Cookson of COMPASS and spent just seven days on the market, with multiple offers driving…
Real Estate
NJ Mansion Seized From Chinese Billionaire Fraudster Listed At $33M
A historic Bergen County estate seized from a Chinese billionaire indicted in a $1 billion fraud scheme last year has hit the market for $33 million. View this post on Instagram A post shared by Carl Gambino (@carlgambino.realestate) The Crocker Mansion, located at 675 Ramapo Valley Road in Mahwah, spans 50,000 square feet and sits on 12.5 gated acres. Originally built in 1907, the property features 21 bedrooms, a pool house, tennis courts, and a guest house. It was declared a historic landmark by Mahwah Township due to its unique place in loc…
Real Estate
Estate With Showstopping Indoor Pool, Locker Rooms Listed For $17.75M In Bergen County (
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An extraordinary estate in Bergen County is now on the market for $17.750 million. The sprawling 28,384-square-foot mansion at 125 Chestnut Ridge Road in Saddle River features seven bedrooms, 13 bathrooms, and a host of awe-inspiring amenities, making it one of the most unique properties in the area, according to Dennis Rinzler of Keller Williams Valley Realty. “This home is like no other,” Rinzler said. “The size in and of itself makes it unique, and the acreage—13.7 acres—is extremely rare in Saddle River, where most homes sit on just 2.5 acres. You can’t even see the house fro…
Real Estate
Renovated Montclair Mansion With Ties To Fed Reserve Chair, WWI Memorial Listed At $3.5M
A historic Montclair home with ties to the late Paul Volcker, a former Federal Reserve Chairman, is now on the market following a meticulous renovation in 2024. Because of Paul Volcker, our financial system is stronger and safer for the American people. I’ll remember Paul for his consummate wisdom, untethered honesty, and a level of dignity that matched his towering stature. I’m proud to have called him not just an adviser, but a friend. pic.twitter.com/m3zFR6Q0UF — Barack Obama (@BarackObama) December 9, 2019 Located at 509 Park St., this turn-key residence offers over 9,000 square fee…
Real Estate
Luxury Lakefront Living: Stunning Estate Listed For $2.988M In Morris County
Nestled within the gated Smoke Rise community of Morris County, a newly constructed lakefront estate is turning heads with its unparalleled combination of luxury and serene natural beauty. The $2.988 million Kinnelon home at 768 West Shore Drive boasts more than 6,000 square feet of elegant living space, featuring five bedrooms, five-and-a-half baths, and high-end finishes throughout, listing agent Joshua Baris said. European oak floors, Versace tiles, and custom millwork bring sophistication to every corner, while the gourmet kitchen — outfitted with Viking appliances— opens to a grand liv…
Real Estate
Odell Beckham Jr.'s Former NJ Home With Sweeping NYC Views Sells For $2.288M
A North Jersey home formerly leased by NFL star Odell Beckham Jr. has been sold for $2.288 million. View this post on Instagram A post shared by 𝐑𝐄𝐀𝐋 𝐄𝐒𝐓𝐀𝐓𝐄 𝐀𝐃𝐕𝐈𝐒𝐎𝐑 (@nicolejadoo_realestate) The 5-bedroom, 4.5-bathroom property at 999 Boulevard East in Weehawken offers 3,790 square feet of luxury living and breathtaking, unobstructed views of the New York City skyline. While it’s unclear how long Beckham leased the home, the property has gained attention for its connection to the NFL star. One of the main selling points of the home, wh…
Real Estate
5 Most Expensive Homes Recently Sold In Essex County (
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Two Short Hills homes that sold for $6.8 million top the list of the most expensive properties sold in the last 30 days in Essex County. According to Redfin, home prices were up 14.9% compared to last year in Essex County for September 2024. Homes sold for a median price of $650,000. All of the most expensive homes sold in Essex County in the last 30 days are located in Short Hills (scroll down for the list). Tony Verducci, co-founder of the NJ Luxury Real Estate Group, was the listing agent on several of Short Hills' most recent luxury sales. He says many buyers in the uppe…
Real Estate
Look Inside NJ Newlyweds' Taylor Swift-Themed Airbnb: Can You Find All The Easter Eggs?
Get ready to party like it's 1989 in New Jersey. A Taylor Swift-inspired suite has popped up on Airbnb, giving you the perfect place to act like a tortured poet and a new romantic while you plot your end game beyond your wildest dreams. The 4-bedroom Swift Suite at the Evermore Estate is located in Absecon, near Atlantic City. The Airbnb includes album-inspired bedrooms, karaoke machines, custom art, vinyl collection, and a selfie station show you can show everyone how you celebrate your Swift Suite Era. The homeowners and self-proclaimed Swifties, Kyle and Ashley Tress, partnered with a l…
Real Estate
$4.9M Luxury Horse Farm With Competition Pool For Sale In Monmouth County (
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You have the opportunity to live on a 20-acre horse farm in Monmouth County. And it will only cost you $4.9 million. Annestes Horse Farm at 799 Navesink River Road in Rumson recently hit the market, offering a 7-bedroom historic French provincial main house, a 2-bedroom cottage, and a one-bedroom bungalow, according to the listing. The farm also features a five-stable barn with tack room and grooming hall, with multiple fenced pastures allowing horses to graze, with a 1-training ring, according to a listing. The home also features a competition swimming pool and cabana. It…
Real Estate
This Mansion Is The Priciest Home Sold This Year For One New Jersey Town
The recent sale of a more than 4-acre compound is breaking records in one New Jersey town. The 14,500 square-foot colonial manor estate designed by renowned architect Bob Zampolin at 10 Farmstead Road in Mahwah sold for $6.1 million, making it the most expensive home sold this year in Mahwah. Grace Ziarko of Christie’s International Real Estate Group represented the buyer. "The transaction now stands as the highest-priced sale in Mahwah YTD, as per NJMLS, marking a milestone for Christie’s, as well as the larger New Jersey real estate market," Christie's said in a news release. The e…
Real Estate
Why This Seemingly Ordinary NJ Home Was Featured On 'Zillow Gone Wild'
On the outside, the home at 157 Sooy Place Road in Tabernacle is rather ordinary. On the inside, it's anything but. The 2,800-square-foot split-level home was recently featured on "Zillow Gone Wild." Why is that, you ask? We'll give you a clue: It’s just a bunch of hocus pocus. Literally. The five-bedroom two-bathroom house has a "Hocus Pocus" themed theater in the lower level. This Tabernacle, Nj home comes just in time for spooky szn!!!! 🎃🎃🎃Currently listed for only $562,000 pic.twitter.com/Pg4TFF1rJU — Zillow Gone Wild 🏡 (@zillowgonewild) October 8, 2024 Binx, i…
Real Estate
200-Gallon Aquarium, Meditative Spa: Look Inside Unique Sussex County Listing
A new home promising to offer mind, body and soul paradise has hit the market in Sussex County. The 4-bedroom, 3-bathroom home at 329 Glen Road in Sparta was listed last month for $899,000 by Amy Wang and Scott Stephenson of Serhant Real Estate. The open-concept home features oversized landscape windows, a 200-gallon aquarium, and a "meditative" spa jacuzzi area designed to promote "good chi," according to the listing. The house's aesthetics, use of color and texture, and lighting elements are aimed at provoking one's deepest sense of peace and joy, according to the listing. Th…
Real Estate
Two-Family Home Sells For $100K Over Asking In North Jersey (
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A two-family home in North Jersey sold for nearly $100,000 over asking. The home at 10 Union Ave., in Clifton was listed at $649,900, but the new owners closed on $750,000 this week, listing agent Juan Gamarra said. "The Clifton market is always a hot market, specifically if it's a two-family home centrally located," Gamarra said. "This particular home had many qualities that made it very unique. The multiple car parking, the convertible garage as well as a finished basement gave the property a value of its own, and I think me and my team did a great job highlighting that to every pros…
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