Hoboken, NJ (PRWEB) February 06, 2016
216 Bloomfield Street Unit A in Hoboken, “The Gemini,” closed for $3.3 million after only 37 days on the market and with multiple offers. The one-of-a-kind boutique property was appointed with stunning high-end finishes throughout. While New Jersey’s “Gold Coast” real estate market has been hot, this sale has set a new standard.
According to the Otteau Valuation Group, a real estate appraisal and valuation company, the sale of 216 Bloomfield Street Unit A for $3.3 million, was the highest ever for a condominium sold in New Jersey. The previous record of $3 million was set in 2009 in Cape May County. Recently, that record was tied by another Hoboken sale, which closed in the fourth quarter of 2015 for $3 million. The sale of Unit A at The Gemini however, surpassed both of those marks by 10%, making its sale even more impressive.
The concept for the two-unit project, developed by Gary Mezzatesta and Nick Petruzelli of the Taurasi Group, in conjunction with architectural firm of Minervini Vandermark, was to appeal to the premium buyer of fami-ly housing in Hoboken. The size and scale of The Gemini units transcend the traditional condo market and are comparable to many single-family houses in and out of Hoboken. Each multi-level home at The Gemini has four bedrooms and offers something most coveted in Hoboken: two-car-garage-parking.
Is this the end of the record breaking trend for a while, or will we see another sale break The Gemini’s mark anytime soon…. we will have to wait to find out. As for now, Liberty Realty is focused on selling Unit B, which is available for $3.2 million.