Jersey City Penthouse Sells for Record $5.7 Million

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75 Park Lane Penthouse Jersey City
Penthouse terrace. Image courtesy of Strategic Capital.

A sprawling condominium located near both the waterfront and a prominent green space has found a buyer and set a new record for the highest sale price ever fetched in Hudson county.


Strategic Capital, the real estate investment and development platform of China Construction America, has announced the closing of a penthouse unit inside 75 Park Lane. The 37-story building, designed by firm Woods Bagot, is part of the larger Park and Shore development that totals 429 units and includes a sister building called Shore House.

75 Park Lane Penthouse Jersey City Sold
75 Park Lane. Image courtesy of Strategic Capital.

The penthouse unit that sold for $5.7 million includes four bedrooms and four and a half baths, although the exact square footage of the condo has not been disclosed. The benchmark space additionally features an 800-square foot east-facing private terrace that overlooks the Hudson River. The buyer was represented by Puja Yagnik of Coldwell Banker Realty in Hoboken.

The record-breaking unit is described by Strategic Capital as featuring an elegantly designed open-plan chef’s kitchen complete with Madreperola Quartzite waterfall islands and countertops, state-of-the-art Bosch appliances, and custom-crafted walnut millwork trimmed in satin nickel.

The building at 75 Park Lane includes various amenities like an indoor heated swimming pool, wine-tasting lounge with private dining room, putting green, children’s play area, co-working lounge, game room, multi-purpose entertainment room, and Sky Lounge. The property is within walking distance to both the Newport Green and the neighborhood’s PATH station.

The sale is the latest indicator of a strong start to 2022 in Hudson county, as a condominium in Hoboken’s Hudson Tea Building recently set that city’s price record by selling for $4.2 million. The sum at 75 Park Lane bests Jersey City’s previous record condo sale price by over $1 million, a designation had belonged to another penthouse at 99 Hudson Street that sold late last year for $4,438,500.

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