While many condo properties in the New York City area struggled to sell or had to settle on steep price cuts, Downtown Jersey City appeared to be pandemic-proof. One new development, in particular, is nearly sold out for record-breaking prices, but what’s even more impressive is it did so during pre-construction with only floor plans, design specifications, and renderings; it didn’t even list on Zillow or the MLS. Represented exclusively by real estate brokers Irene Barnaby and Kristin Ehrgott of Compass, Maxwell & Coles has only one home left, but there’s another chance coming soon with the launch of 338 Newark Avenue.
Maxwell & Coles is the pinnacle of elevated design in the heart of historic Downtown Jersey City. Comprised of four full-floor condos, each with private elevator access, and four, five-story townhomes with parking. “The demand for this unique offering has been unprecedented,” Irene said. “Spacious layouts, thoughtful design, and high-quality construction set Maxwell & Coles apart, appealing to the buyer who needs more space but still wants a convenient urban lifestyle,” said Kristin, who also represented three of the buyers.
The lavish condos and townhomes exude style and comfort, while walls of windows take full advantage of the urban residential experience. Soaring ceilings offer tremendous light and air, especially in the dazzling double-height living rooms with floor-to-ceiling windows overlooking historic DTJC. Ultra-high-end finishes are throughout, including wide-plank white oak hardwood floors; world-class kitchens with state-of-the-art appliances, including a Sub-Zero refrigerator and Wolf range with a fully vented hood; and bathrooms are bespoke spa-like retreats. The townhomes also feature floating staircases and spacious private roof decks for that now-essential but hard-to-find outdoor space in the heart of the city.
The refined home collection ranged in price from $1.395M to over $2M and every Maxwell & Coles home features three or more bedrooms, plus an additional home office and secondary living spaces. Maxwell & Coles has all of Downtown Jersey City at its doorstep, including the Newark Avenue Pedestrian Plaza, Van Vorst Park, and the Grove Street PATH minutes away.
From the same impressive NYC-based developers Coltown Properties and Plazacorp and the same dynamic sales team, Irene Barnaby and Kristin Ehrgott at Compass, plus the cutting-edge architecture and design teams helmed by Craig Wroe, 338 Newark Avenue promises to be an equally high-end new construction condo in Jersey City. 35 well-appointed homes will deliver designer interiors, exceptional amenities, and a prime location.
The spacious one- and two-bedroom layouts will welcome great light and views accented by white oak hardwood floors throughout.
Gourmet kitchens will feature walnut cabinetry, Caesarstone countertops, and a full suite of top-of-the-line JennAir appliances. Generous bedrooms will offer equally generous closets and the spa baths will be clad in porcelain tile and outfitted with Kohler fixtures.
338 Newark Avenue’s resident amenities will be both unexpected and exceptional. The elevator building’s lobby welcomes with a seating area, package room, stroller and bicycle storage, and resident storage lockers.
Embodying the urban live, work, play sensibility, 338 Newark Avenue will offer an outstanding fitness center, as well as a co-working space, and an indoor rooftop lounge. And the crowning amenity, the outdoor rooftop deck, is perfect for entertaining around the BBQ grills against the breathtaking backdrop of Jersey City and NYC beyond.
338 Newark Avenue is situated in Jersey City’s Village neighborhood, beloved for its old-school roots and now-booming scene. From local bakeries, delis, and cafes, to shops, bars, restaurants, and parks, the Village is a vibrant tight-knit community with convenient access to the Grove Street PATH and all of DTJC just a short walk away.
Maxwell & Coles and 338 Newark Avenue are exclusively represented by Irene Barnaby and Kristin Ehrgott of Compass. As consistent top producers in the Jersey City area, the duo has nearly $1 billion in real estate sales to their credit, representing both local buyers and sellers, as well as several new development projects, including 380NWK, a 45-unit condominium that sold in record time at record prices, and 16-unit Prior’s Pointe which sold out in record time with record-high prices per square foot during the height of the pandemic.
Compass, the #1 Independent Real Estate Brokerage in the country with over 25,000 agents representing over $150 billion in sales last year, expanded their territory into New Jersey in early 2020 and is quickly gaining popularity and market share with many of the most successful agents joining forces, such as Barnaby and Ehrgott who have a combined nearly 30 years experience in the business. Compass, headquartered in Manhattan, currently valued at around $10 billion on the NYSE, offers agents and consumers an integrated software platform to help modernize the real estate sales and leasing experience.