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America’s 50 Wealthiest Suburbs Ranked: East Coast Enclaves Dominate The List
The richest suburbs in America have been named — and the East Coast is cleaning up.
A new GOBankingRates report finds that New York, New Jersey, Connecticut, Maryland, and Virginia communities are holding their own (and then some) among the country’s priciest and most prosperous addresses.
For the second year in a row, Scarsdale, NY wore the crown. The leafy Westchester enclave boasts an average household income of $601,193 in 2023 — up 2.2 percent from the year before — and home values pushing past $1.2 million.
Not far behind was Rye, NY, where the average household brings in $421,259 an…
King Of The Block: Renovated Hackensack Home Sells For $70K Over Appraised Value
A fully renovated Hackensack home just sold for $70,000 over appraised value.
The 4-bedroom, 2.5-bath home at 431 W. Lookout Avenue hit the market on May 14 for $849,900, according to George Mikhael, the New Jersey realtor who represented the seller, a repeat investor client. Within a week, it was under contract for $920,000.
But the deal nearly fell apart.
“The appraisal came back at $850,000,” Mikhael said. “The buyer got nervous. The lender didn’t want to move forward. We asked for a second appraisal — still $850,000.”
With the deal on the line, Mikhael said he stepped in and went to w…
$29.5M Luxury Housing Project For 55+ Coming To North Jersey
A luxury housing project for adults 55 and over is coming to North Jersey — and it’s bringing firepits, BBQ grills, and a rooftop pool with it.
JLL Capital Markets on Thursday, July 10 announced $29.5 million in construction financing for Soho Park Residences, an 85-unit luxury rental development set to rise at 116 Harrison St. in Nutley.
The property, backed by Rock Solid Builders Inc., will include one- and two-bedroom apartments averaging 1,110 square feet. It will feature resort-style amenities including a clubhouse, library, sun deck with pool, firepits, BBQ stations, and a wellness ce…
$85M Sale Of North Jersey Luxury Apartments Finalized
A sprawling luxury apartment community in Morris Plains just sold for a whopping $85 million, officials with CBRE announced on Friday, July 11.
The buyer, whose name has not been released, purchased Signature Place, a 197-unit Class A complex featuring high-end finishes and resort-style amenities, from Veris Residential, a New Jersey-based real estate investment trust.
Built in 2018, Signature Place offers apartments averaging more than 1,000 square feet and is loaded with perks: a pool, yoga studio, golf simulator, movie theater, conference rooms, pet spa, and a clubroom with game tables a…
