The tallest residential building in New Jersey is continuing its run of impressive sales as the largest penthouse unit in the Jersey City complex has fetched a record sum.
China Overseas America, the company behind the 99 Hudson development, announced that a 2,500-square-foot condominium situated on the building’s 76th floor recently sold for $4,438,500. Besides the interior, the east-facing home features an additional 655 square feet of outdoor space spread across two terraces.
The sale price set a record as the highest ever for a condominium in Jersey City, besting 99 Hudson’s own record set back in April. That closing saw a 2,473-square-foot condominium at the landmark property sell for $3.9 million.
“The recent Penthouse closings, combined with the robust sales activity we’ve achieved across the spectrum at 99 Hudson, speaks volumes about the appeal of this extraordinary residential building and the confidence buyers have in its enduring quality and value,” said Jacqueline Urgo, President of The Marketing Directors, the building’s exclusive marketing and sales agent.
“It’s a unique property in terms of height, views, lifestyle amenities, and location, and buyers are responding,” she added.
Designed by Perkins Eastman, 99 Hudson ranks as the third tallest residential building in the country and features a limestone and glass exterior. The property hosts a collection of residences that range up to 2,500 square feet in living space and are priced from $548,000 to over $4,000,000.
Perks at the building, located just a block off the Hudson River, include an 8th-floor amenity deck complete with a swimming pool, cabanas, BBQ grills, a playground, dog runs, and a landscaped green lawn. 99 Hudson also offers a residents-only spa and a state-of-the-art 3,800-square-foot fitness center plus a game room, screening room with bar, children’s playroom, demonstration kitchen, and work café.
The building has had a few setbacks despite all the records, as a lawsuit was filed earlier this year by condo buyers at the property. The case charged China Overseas with 19 separate construction defects ranging from cracks in the building’s parking garage, water leakage, broken skirting boards, poor wood flooring installation, and unsafe windows.
Two other lawsuits later emerged, with one claiming a penthouse unit on the 75th floor had sharply reduced ceiling heights and another alleging that units throughout the building are about 14% to 21% smaller than their stated square footage.