A hot housing market has powered deals to send every unit inside one of the newest developments in Jersey City’s northernmost neighborhood off the market.
The Riverview has announced that 100% of their residential condominiums are under contract. The development, located at 580 Palisade Avenue in The Heights, contains 13 two- and three-bedroom living spaces ranging from 1,030 to 2,312 square feet that were marketed by Jesse Toledano of Modern Spaces.
“The convergence of location, quality, unit size, sales strategy, and timing resulted in our success as we exceeded expectations both in terms of pricing and absorption rate,” says Toledano, the Managing Director of Modern Spaces’ New Jersey Office. “Even when everyone was talking about New Jersey’s suburbs booming, we were able to prove there continues to be strong demand for Jersey City.”
The Riverview, which also includes a 12-car parking garage, offers expansive private outdoor spaces on their three penthouses that each feature a private roof deck overlooking New York City. Residences at the property were priced from $635,000 to $1.3 million.
The development is currently marketing a 1,012-square feet retail space located on the ground floor of the building, which additionally includes 800-square feet in the property’s basement. The storefront hopes to breathe more street life into the Riverview Arts District, which has welcomed spots like Corto, Bread and Salt, Lil’ Dove Café, and Busy Bee Organics in recent years.
The Heights has become one of Jersey City’s hottest neighborhoods and The Riverview is situated about halfway between the greenery of Washington Park and the newly renovated Riverview Fisk Park.