Megha Moza of Prominent Properties Sotheby’s International Realty has sold 12 of the 14 units at 72 York Street in just eight weeks. The highly anticipated 72 York Street was launched in August 2023 and offers luxurious, condominium residences and a range of amenities in Downtown Jersey City. Now only two, three-bedroom homes remain at the coveted property.
The 11-story building showcases a neo-classical composition façade and contains a high-quality steel and concrete structure. The property’s luxurious finishes and features have attracted discerning buyers who seek a Jersey City residence near the waterfront. With spacious floor plans ranging from 704-1,908 square-feet and one- to three-bedrooms, it’s unsurprising the condos were in such high demand from the moment Megha brought them to market.
Megha has represented numerous new construction projects in Jersey City over the past few years, creating a reputation for her team by working with developers who offer high-quality, new construction projects. Team Moza was selected by developer GN Management to bring the exceptional 72 York Street, as well as several other projects, to the market.
With interest rates at decades highs, buyers in the current market are highly selective. Megha’s reputation for representing some of the best new construction in Jersey City along with her extensive market knowledge attributed to the rapid sales at 72 York Street. She also leveraged Sotheby’s ability to reach buyers in Manhattan and Brooklyn which resulted in 75% of buyers coming from across the river.
With high interest rates, pricing new construction units appropriately is key to selling properties quickly. Per Megha’s advice, 72 York Street’s residences averaged around $1,000 per square foot, a price which appealed to buyers and also set new records for the neighborhood.
“We are absolutely thrilled to see our building nearly sold out in such a short span of time. It’s a testament to the high demand and enthusiasm within the Jersey City market. This achievement not only reflects the desirability of our properties but also underscores our commitment to meeting and exceeding the expectations of our clients. We’re excited to continue providing top-quality real estate solutions that resonate with the dynamic needs of this thriving community,” said Megha.
The residences of 72 York Street effortlessly blend style and functionality, with the homes expertly designed to offer all the comforts and conveniences you could desire for premier contemporary living. Elegant interiors feature engineered hardwood Porcelanosa flooring, premium customized Belldinni doors, illuminated chandeliers and pendant lights, along with Dimplex fireplaces.
Gourmet kitchens with state-of-the-art appliances and waterfall countertops will excite chefs while the spa-like bathrooms with Kohler fittings and Bergen Nero and Limestone Bianco tiles from Spain provide a private oasis to rejuvenate.
Private balconies in selected residences promote indoor-outdoor living, allowing occupants to fully embrace the coveted lifestyle 72 York Street offers. Residents also benefit from many in-unit conveniences, such as full-size washer/dryers, Sonos surround sound systems, and Navien tankless hot water systems.
While 72 York Street’s residences are outstanding, buyers will also be impressed by the building’s amenities. Residents are greeted by the welcoming lobby with premium Italian porcelain, Calacatta gold slab tiles, a lavish foliage wall and wood panels, while a Butterfly Intercom System offers residents and their guests efficient access to the building and units. An elevator ensures you can easily reach your home after a long day, while security cameras, bike storage, along with additional basement storage for selected residences, provides peace of mind.
The building’s fabulous rooftop deck with barbecue stations showcases views of downtown, encouraging residents to relax in the fresh air. A modern gym is the perfect place for residents to work out while the lounge area with rear yard offers space to unwind at the end of the day. What makes this building even more appealing is the low HOA. With exceptional value for money, stunning interiors, and excellent amenities, it’s no surprise these residences attracted buyers so quickly.
Location is everything when it comes to choosing a home and 72 York Street ticks all the boxes. Residents have the advantage of easy access to the Exchange Place Waterfront, with a quick commute to NYC via the nearby Exchange Place PATH, ferries, buses, as well as the light rail station for commuting within New Jersey. Residents will also appreciate the close proximity to essential amenities, such as the numerous retail and dining options, local parks, and excellent schools (PS-16 school district).
If 72 York Street is a place you can envision living, make sure you view the two remaining units while they are still available.
With 1,860 square-feet of expansive living space, Unit 2 contains three beautiful bedrooms and two chic bathrooms. The flowing layout guides residents through the spacious living-dining area, while two of the three bedrooms offer direct access to the residence’s 42-square-foot private balcony. Unit 2 is asking $1,879,000.
Unit 7 boasts 1,908 square-feet of living space so residents can relax in their spacious, private retreat. The three bedrooms welcome natural light through the oversized windows while the two-and-a-half bathrooms offer stylish fixtures and fittings. The home’s 42-square-foot private balcony is directly accessible from the living area, so residents can relax, entertain, or enjoy alfresco dining in the fresh air. Unit 7 is asking $1,930,000.
Megha and Team Moza enjoy a successful partnership with GN Management, with several of their joint projects selling at record breaking prices. After the recent success of 72 York Street, Megha and GN Management are excited to launch their new, upcoming project which features 124 rental units in Journal Square at 161 Van Wagenen Avenue. In the meantime, Megha is confident the final two units at 72 York Street will impress buyers and result in the entire building being sold out soon.
For more information or to view 72 York Street and its remaining residences, contact Megha Moza of Prominent Properties Sotheby’s International Realty at 978-606-6719 or [email protected].