The real estate market in Hoboken and Downtown Jersey City experienced strong growth in the first half of 2012. Closed sales volume increased 11% compared to the first half of 2011, with townhome markets seeing the largest rise in transaction volume. Inventory levels decreased significantly while prices increased across most property types. The competitive market conditions resulted from high buyer demand and low inventories. With no relief in sight, property values are expected to continue rising in the second half of the year.

1. METRO NJ REAL ESTATE MARKET REPORT
1H 2012
HOBOKEN AND DOWNTOWN JERSEY CITY

2. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
MARKET RECAP
The real estate market in Hoboken and Downtown Jersey City has experienced a healthy recovery in activity
over the first half of 2012. The combination of rising rental prices in the NYC metro area (10-20% increase within
the past couple years) and record low interest rates (below 4% for a 30-year fixed mortgage) has brought buyers
out in significant numbers. The surge of real estate buyers combined with record low inventories has created a
competitive market for all property types in both Hoboken and Downtown Jersey City. We have seen an extraordi-
nary number of condo and townhome listings attracting multiple offers with many selling at asking or above asking
price.
Closed sales volume was up for both condos and townhome property types in Hoboken and Jersey City, with
a total growth of approximately 11% over the first half of 2011 and the 2nd half of 2012 moving from $290M to
$322M in closed sales. The townhome markets in both Hoboken and downtown Jersey City have seen the biggest
spike in transaction volume with approximately a third more sales than the same period last year.
We don't anticipate the usual market slowdown this Summer since many buyers were not able to find the
right property during the Spring buying season. With no relief in sight due to a near absence of new construction
development, we expect to see property values start to rise in the 2nd half of 2012.
Notable Positive Indicators - HOBOKEN: Notable Positive Indicators - JERSEY CITY:
Average Condo Price: UP 5.6% from 1H2011 Number of Condo Closings: UP 13.5% from 1H2011
Average Condo Price/SF: UP 5.7% from 1H2011 Under Contract within Period: UP 13.9% from 1H2011
Condo Inventory: DOWN 37.2% from 1H2011 Condo Sales Volume: UP 11.1% from 1H2011
Under Contract within Period: UP 7.9% from 1H2011 Condo Inventory: DOWN 29.7% from 1H2011
Condo Sales Volume: UP 5.6% from 1H2011 Average Condo Discount from Last Asking: DOWN 33.3% from 1H2011
Average Condo Discount from Last Asking: DOWN 17.8% from 1H2011 Townhome Sales Volume: UP 35.3% from 1H2011
Townhome Sales Volume: UP 32.2% from 1H2011 Townhome Average Sales Price: UP 7.5% from 1H2011
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
2

3. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
TOTAL SALES VOLUME BY PROPERTY TYPE
Property Type 1H 2012 2H 2011 % Change 1H 2011 % Change
Hoboken Condos $176,952,147 $168,781,613 4.8% $167,508,173 5.6%
Hoboken Townhomes $32,751,650 $26,239,500 24.8% $24,765,000 32.2%
Downtown JC Condos $89,131,931 $81,097,750 9.9% $80,190,787 11.1%
Downtown JC Townhomes $23,791,150 $15,493,250 53.6% $17,579,650 35.3%
Total Sales Volume $322,626,878 $291,612,113 10.6% $290,043,610 11.2%
Downtown JC
Townhomes,
Hoboken
Downtown JC $23,791,150
Condos,
Condos, $176,952,147
$80,190,787
Hoboken
Townhomes,
$32,751,650
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
3

4. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
CONDO MARKET REGIONAL COMPARISON
1st Half 2012 Downtown JC Hoboken Brooklyn* Manhattan
Average Sales Price $461,823 $511,422 $1,040,181 $1,804,276
Average Price / SqFt 447 474 805 1246
* Brooklyn Heights - Carroll Gardens - Cobble Hill - Columbia Street Waterfront - Dumbo - Red Hook
$2,000,000 $1,804,276
AVERAGE SALES PRICE
$1,500,000
$1,040,181
$1,000,000
$461,823 $511,422
$500,000
$0
Downtown JC Hoboken Brooklyn* Manhattan
$1,600
AVERAGE SALE PRICE PER SQFT
1246
$1,200
805
$800
447 474
$400
$0
Downtown JC Hoboken Brooklyn* Manhattan
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
4

5. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
HOBOKEN CONDO MARKET SUMMARY
1H 2012 2H 2011 % Change 1H 2011 % Change
Average Sales Price $511,422 $516,152 -0.9% $484,128 5.6%
Average Price / SqFt 474 472 0.5% 449 5.7%
Total Value of Condos Sold $176,952,147 $168,781,613 4.8% $167,508,173 5.6%
Average DOM of Sold Condos 61.0 64.3 -5.2% 76.9 -20.6%
Inventory (months) 3.9 3.7 7.1% 6.2 -37.2%
On Market at Period End 226 200 13.0% 360 -37.2%
Listed within Period 577 465 24.1% 627 -8.0%
Under Contract within Period 437 298 46.6% 405 7.9%
Closed within Period 346 328 5.5% 346 0.0%
AVG % Discount from Original Asking -4.3% -4.8% -11.5% -5.5% -21.8%
AVG % Discount from Last Asking -2.8% -3.1% -9.6% -3.5% -17.8%
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
5

6. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
DOWNTOWN JERSEY CITY CONDO MARKET SUMMARY
1H 2012 2H 2011 % Change 1H 2011 % Change
Average Sales Price $461,823 $440,749 4.8% $471,711 -2.1%
Average Price / SqFt 447 428 4.4% 441 1.3%
Total Value of Condos Sold $89,131,931 $81,097,750 9.9% $80,190,787 11.1%
Average DOM of Sold Condos 77.3 77.5 -0.3% 78.7 -1.8%
Inventory (months) 4.1 10.0 -58.5% 6.7 -38.2%
On Market at Period End 192 249 -22.9% 273 -29.7%
Listed within Period 348 372 -6.5% 433 -19.6%
Under Contract within Period 279 150 86.0% 245 13.9%
Closed within Period 193 188 2.7% 170 13.5%
AVG % Discount from Original Asking -4.0% -5.4% -25.3% -6.3% -36.3%
AVG % Discount from Last Asking -2.8% -3.7% -23.0% -4.2% -33.3%
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
6

7. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
$325
Millions
$300
TOTAL CONDO SALES VOLUME
(MILLIONS) HOBOKEN
DOWNTOWN JC
$275 $267
$259
$250
$225
$225 $215
$208 $209 $210
$206 $206
$201
$200 $197 $194
$177
$175 $168 $169
$153
$150
$125 $118 $118
$108
$100 $97
$89 $87 $89
$84 $81
$80
$75 $75 $76 $76
$75 $71
$66
$56
$48
$50
$25
$0
1H04 2H04 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
7

8. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
$600k
AVERAGE CONDO SALES PRICE
$575k HOBOKEN
DOWNTOWN JC
$550k $535k $536k
$526k $528k
$525k $516k $517k
$511k $515k $516k $511k
$510k $505k
$501k $498k
$500k $487k $489k $484k
$467k $467k $472k
$475k $462k
$457k $456k $458k $452k $455k
$450k $437k $441k
$434k
$422k
$425k $414k
$400k $391k
$373k
$375k
$350k $338k
$325k
$300k
1H04 2H04 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12
600
AVERAGE CONDO SALES PRICE PER SQFT
575
558 HOBOKEN
550 544
538
532 531 DOWNTOWN JC
520 521
525 515
509
500
500 491 488 486
480 478 476 472 474
475 466 468
453 456
449 447
450 439 438 441
434
423 428
422
425
400 392
380
375
350 344
325
300
1H04 2H04 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
8

9. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
140
HOBOKEN CONDOS - CONTRACTS SIGNED - PER MONTH
120 111
100 92 93
88 90
86 85 84 84
77 79 82 81 79 76 78
80 72 72 73 75
70 70
63 66 66 66 64
60 60 62
55 57 58 56 58
60 54 56 54 54 54 55
49 49 49 51 50 50 52 50 51
46 46
39 38 41 42
40 35
29 31
25
20
0
A-07
A-08
A-08
A-09
A-09
A-10
A-10
A-11
A-11
A-12
D-07
F-08
D-08
F-09
D-09
F-10
S-07
S-08
S-09
S-10
D-10
F-11
S-11
D-11
F-12
J-08
J-09
J-10
J-07
J-08
J-08
J-09
J-09
J-10
J-10
J-11
J-11
J-11
J-12
J-12
N-07
N-08
N-09
N-10
N-11
O-07
O-08
O-09
O-10
O-11
M-08
M-08
M-09
M-09
M-10
M-10
M-11
M-11
M-12
M-12
800
HOBOKEN CONDOS - CONTRACTS SIGNED PER 6 MONTH PERIOD
700
596
600 565 556 560
532
500 480
448 454 452
423 437
412 404
400 373
329
309 307 298
300 272
200
100
0
1H2003 2H2003 1H2004 2H2004 1H2005 2H2005 1H2006 2H2006 1H2007 2H2007 1H2008 2H2008 1H2009 2H2009 1H2010 2H2010 1H2011 2H2011 1H2012
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
9

10. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
90
80
DOWNTOWN JERSEY CITY - CONTRACTS SIGNED - PER MONTH
70
59 60 58
60
51 50
48 47 48
50 45 44 44 42 44
43 42 43
40 38 40 39 38
40 37 35 36
34 34 33 34 33
29 30 31 30 30 31 30
26 27 27 28 28 27 28
30 24 25 24 25 25 24 22
23 21
19 19 18 20
20
13 13 13 14
10
0
A-08
A-10
A-11
A-07
A-08
A-09
A-09
A-10
A-11
A-12
F-08
S-09
F-10
S-11
S-07
S-08
F-09
S-10
F-11
F-12
D-07
D-09
D-11
D-08
D-10
J-08
J-08
J-10
J-11
J-11
J-12
J-07
J-08
J-09
J-09
J-09
J-10
J-10
J-11
J-12
N-07
N-09
N-11
N-08
N-10
O-09
O-11
O-07
O-08
O-10
M-08
M-08
M-10
M-09
M-09
M-10
M-11
M-11
M-12
M-12
450
DOWNTOWN JERSEY CITY - CONTRACTS SIGNED PER 6 MONTH PERIOD
400
350
299
300 279
271
254
250 239
230 225 226
202 207 205
200 178 170 171
141 147
150 128
100
50
0
1H2004 2H2004 1H2005 2H2005 1H2006 2H2006 1H2007 2H2007 1H2008 2H2008 1H2009 2H2009 1H2010 2H2010 1H2011 2H2011 1H2012
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
10

11. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
700
ACTIVE LISTINGS AT PERIOD END HOBOKEN
(CONDOS) DOWNTOWN JC
600
556
537
511
501
500 491
444
425
400 390 384
377
358 360
347
332
302
300
273
249
226
200
200 192
100
0
1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
11

12. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
HOBOKEN TOWNHOME SALES SUMMARY
1H2012 2H2011 % Change 1H2011 % Change
Average Sales Price $1,129,367 $1,049,580 7.6% $1,125,682 0.3%
1 Family Average Sales Price $1,253,775 $1,121,500 11.8% $1,105,667 13.4%
2 Family Average Sales Price $755,725 $1,021,875 -26.0% $1,229,665 -38.5%
3 Family Average Sales Price $930,650 $888,250 4.8% $830,000 12.1%
Average % Discount From Asking -3.4% -4.3% -20.5% -2.8% 21.5%
# Closed 29 25 16.0% 22 31.8%
Average Closed per Month 4.8 4.2 16.0% 3.7 31.8%
Average Days on Market 78 82 -5.0% 43 83.4%
1 Family Total Sales Volume $25,075,500 $16,822,500 49.1% $13,268,000 89.0%
2 Family Total Sales Volume $3,022,900 $4,087,500 -26.0% $9,837,000 -69.3%
3 Family Total Sales Volume $4,653,250 $5,329,500 -12.7% $1,660,000 180.3%
Grand Total Sales Volume $32,751,650 $26,239,500 24.8% $24,765,000 32.2%
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
12

13. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
SINGLE FAMILY HOBOKEN TOWNHOMES - CLOSED
TOTAL DAYS ON % FROM ASK-
TYPE ADDRESS LOT SIZE BEDs MARKET CLOSING DATE ASKING PRICE SOLD PRICE ING
One Family 12 WILLOW TERRACE 12.5 x 50.14 2 36 4/30/2012 $474,900 $435,000 -8.4%
One Family 16 WILLOW TERRACE 12.58 x 50 2 19 3/27/2012 $575,000 $570,000 -0.9%
One Family 216 8TH ST 15 x 35 3 76 3/12/2012 $850,000 $810,000 -4.7%
One Family 1300 BLOOMFIELD ST 17.16 x 65 3 3 3/30/2012 $899,900 $850,000 -5.5%
One Family 1122 GARDEN ST 13 x 100 4 10 5/9/2012 $999,000 $990,000 -0.9%
One Family 1203 PARK AVE 16.47 x 80 4 61 3/7/2012 $1,125,000 $1,025,000 -8.9%
One Family 207 8TH ST 17 x 55 3 159 3/30/2012 $1,099,000 $1,065,000 -3.1%
One Family 327 BLOOMFIELD ST 12.5 x 70 5 24 4/10/2012 $1,099,000 $1,100,000 0.1%
One Family 709 PARK AVE 15 x 100 3 19 6/20/2012 $1,150,000 $1,120,000 -2.6%
One Family 159 11TH ST 16.66 x 80 4 159 5/25/2012 $1,399,000 $1,356,000 -3.1%
One Family 819 GARDEN ST 13.58 x 100 4 78 6/22/2012 $1,395,000 $1,385,000 -0.7%
One Family 821 GARDEN ST 13.58 x 100 4 140 6/27/2012 $1,395,000 $1,400,000 0.4%
One Family 1227 BLOOMFIELD ST 15 x 75 4 13 6/21/2012 $1,425,000 $1,405,000 -1.4%
One Family 945 BLOOMFIELD ST 14.75 x 75 4 9 5/21/2012 $1,400,000 $1,406,000 0.4%
One Family 508 OBSERVER HIGHWAY 25.11 x 100 4 173 4/17/2012 $1,625,000 $1,425,000 -12.3%
One Family 1302 GARDEN ST 17.45 x 70 4 16 6/27/2012 $1,595,000 $1,639,500 2.8%
One Family 929 BLOOMFIELD ST 17 x 75 5 124 3/16/2012 $1,825,000 $1,719,000 -5.8%
One Family 802 HUDSON ST 19.67 x 88 5 181 6/5/2012 $1,865,000 $1,725,000 -7.5%
One Family 1206 BLOOMFIELD ST 15.59 x 100 4 7 6/5/2012 $1,719,000 $1,755,000 2.1%
One Family 1230 GARDEN ST 15.12 x 100 5 1 4/19/2012 $1,895,000 $1,895,000 0.0%
AVERAGE 3.8 65 $1,290,490 $1,253,775 -3.0%
TOTAL VALUE $25,075,500
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
13

14. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
TWO FAMILY HOBOKEN TOWNHOMES - CLOSED
TOTAL DAYS ON % FROM
TYPE ADDRESS LOT SIZE BEDs MARKET CLOSING DATE ASKING PRICE SOLD PRICE ASKING
2 Family 319 WILLOW AVE 16.16x100 5 391 6/16/2012 $599,900 $599,900 0.0%
2 Family 158 13TH ST 16 x 75 3 52 2/10/2012 $699,000 $610,000 -12.7%
2 Family 92 GARDEN ST 21.48 x 59.88 5 1 3/16/2012 $750,000 $750,000 0.0%
2 Family 1028 PARK AVE 13.66 x 100 5 94 2/21/2012 $1,139,500 $1,063,000 -6.7%
AVERAGE 4.5 135 $797,100 $755,725 -4.9%
TOTAL VALUE $3,022,900
THREE FAMILY HOBOKEN TOWNHOMES - CLOSED
TOTAL DAYS ON % FROM
TYPE ADDRESS LOT SIZE BEDs MARKET CLOSING DATE ASKING PRICE SOLD PRICE ASKING
3 Family 420 BLOOMFIELD ST 16.67 x 80 4 104 2/2/2012 $825,000 $684,250 -17.1%
3 Family 68 10TH ST 20 x 65.5 4 194 5/5/2012 $899,000 $920,000 2.3%
3 Family 256 6TH ST 31.5 x 32.5 4 39 6/29/2012 $989,000 $939,000 -5.1%
3 Family 702 BLOOMFIELD ST 20 x 100 6 64 2/1/2012 $1,049,000 $1,050,000 0.1%
3 Family 502 BLOOMFIELD ST 23 x 70 7 23 4/3/2012 $1,050,000 $1,060,000 1.0%
AVERAGE 5.0 85 $962,400 $930,650 -3.7%
TOTAL VALUE $4,653,250
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
14

15. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
DOWNTOWN JERSEY CITY TOWNHOME SALES SUMMARY
1H2012 2H2011 % Change 1H2011 % Change
Average Sales Price $699,740 $737,774 -5.2% $651,098 7.5%
1 Family Average Sales Price $616,708 $652,850 -5.5% $589,465 4.6%
2 Family Average Sales Price $747,063 $852,250 -12.3% $682,000 9.5%
3 Family Average Sales Price $742,590 $715,583 3.8% $695,000 6.8%
Average % Discount From Asking -5.1% -6.4% -20.6% -6.4% -20.6%
# Closed 34 21 61.9% 27 25.9%
Average Closed per Month 5.7 3.5 61.9% 4.5 25.9%
Average Days on Market 76 73 4.9% 82 -7.3%
1 Family Total Sales Volume $7,400,500 $6,528,500 13.4% $5,894,650 25.5%
2 Family Total Sales Volume $8,964,750 $6,818,000 31.5% $6,820,000 31.4%
3 Family Total Sales Volume $7,425,900 $2,146,750 245.9% $4,865,000 52.6%
Grand Total Sales Volume $23,791,150 $15,493,250 53.6% $17,579,650 35.3%
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
15

16. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
SINGLE FAMILY DOWNTOWN JERSEY CITY TOWNHOMES - CLOSED
TOTAL DAYS ON % FROM ASK-
TYPE ADDRESS LOT SIZE BEDs MARKET CLOSING DATE ASKING PRICE SOLD PRICE ING
One Family 354 1/2 4TH ST 12.5 x 95 2 10 1/13/2012 $200,000 $175,000 -12.5%
One Family 366 5TH ST 12.5 x 50 2 89 4/9/2012 $399,900 $378,000 -5.5%
One Family 327.5 4TH ST 12.5 x 62.5 3 10 4/12/2012 $489,000 $472,000 -3.5%
One Family 144 ERIE ST 19.33 x 68.83 3 131 4/30/2012 $599,000 $515,000 -14.0%
One Family 287 5TH ST 16.67 x 90 3 17 1/31/2012 $589,000 $560,000 -4.9%
One Family 311 9TH ST 20 x 100 3 38 2/15/2012 $639,000 $625,000 -2.2%
One Family 122 MERCER ST 13.17 x 100 5 102 6/14/2012 $669,900 $655,000 -2.2%
One Family 175 COLES ST 20 x 100 3 50 3/28/2012 $685,000 $665,000 -2.9%
One Family 505 MANILA AVE 16 x 107.5 3 167 5/15/2012 $688,000 $665,000 -3.3%
One Family 177 COLES ST 20 x 100 3 24 1/10/2012 $685,000 $690,500 0.8%
One Family 18.5 WEST HAMILTON PL 12.5 x 70 3 13 1/31/2012 $849,000 $860,000 1.3%
One Family 321 YORK ST 17 x 100 4 28 4/26/2012 $1,175,000 $1,140,000 -3.0%
AVERAGE 3.1 57 $638,983 $616,708 -4.3%
TOTAL VALUE $7,400,500
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
16

17. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
TWO FAMILY DOWNTOWN JERSEY CITY TOWNHOMES - CLOSED
TOTAL DAYS ON % FROM ASK-
TYPE ADDRESS LOT SIZE BEDs MARKET CLOSING DATE ASKING PRICE SOLD PRICE ING
2 Family 351 5TH ST 17 x 95 3 8 4/20/2012 $485,000 $430,000 -11.3%
2 Family 337 8TH ST 16.67 x 50 3 211 6/21/2012 $519,000 $510,000 -1.7%
2 Family 184 CHRISTOPHER COLUM- 20 x 60 4 132 3/19/2012 $539,900 $515,000 -4.6%
2 Family 234 1ST ST 19.67 x 56 3 153 6/8/2012 $630,000 $595,000 -5.6%
2 Family 284 1/2 6TH ST 14 x 62.5 4 75 1/13/2012 $635,000 $620,000 -2.4%
2 Family 350 PAVONIA AVE 25 x 100 3 105 5/21/2012 $695,000 $650,000 -6.5%
2 Family 35 WAYNE ST 32 x 50 IRR 4 5 3/19/2012 $799,000 $740,000 -7.4%
2 Family 387 YORK ST 16.67 x 70 3 108 6/12/2012 $795,000 $770,000 -3.1%
2 Family 294 8TH ST 16 x 50 5 46 6/22/2012 $979,000 $930,000 -5.0%
2 Family 339 YORK ST 16.67 x 75 4 126 3/27/2012 $975,000 $950,000 -2.6%
2 Family 139 SUSSEX ST 22 x 100 5 47 1/10/2012 $1,195,000 $1,095,000 -8.4%
2 Family 330 YORK ST 16.67 x 100 4 20 6/19/2012 $1,235,000 $1,159,750 -6.1%
AVERAGE 3.8 86 $790,158 $747,063 -5.4%
TOTAL VALUE $8,964,750
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
17

18. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2012
THREE FAMILY DOWNTOWN JERSEY CITY TOWNHOMES - CLOSED
TOTAL DAYS ON % FROM ASK-
TYPE ADDRESS LOT SIZE BEDs MARKET CLOSING DATE ASKING PRICE SOLD PRICE ING
3 Family 227 BRUNSWICK ST 19 x 50 3 166 5/25/2012 $449,000 $415,000 -7.6%
3 Family 18 MERCER ST 16.67 x 75.28 3 100 6/12/2012 $625,000 $620,000 -0.8%
3 Family 291 PAVONIA AVE 16.67 x 50 4 82 1/30/2012 $800,000 $685,000 -14.4%
3 Family 232 1/2 3RD ST 16.67 x 75 4 8 6/6/2012 $709,900 $709,900 0.0%
3 Family 562.5 JERSEY AVE 17 x 61 4 159 4/6/2012 $800,000 $725,000 -9.4%
3 Family 281.5 2ND ST 16.67 x 100 2 157 5/22/2012 $739,000 $731,000 -1.1%
3 Family 296 PAVONIA AVE 16.67 x 100 4 121 4/16/2012 $825,000 $785,000 -4.8%
3 Family 342 PAVONIA AVE 25 x 100 6 8 4/20/2012 $850,000 $840,000 -1.2%
3 Family 237 GROVE ST 20 x 80 4 16 3/30/2012 $875,000 $875,000 0.0%
3 Family 53.5-55 MERCER ST 33.34 x 100 2 60 3/15/2012 $1,250,000 $1,040,000 -16.8%
AVERAGE 3.6 88 $792,290 $742,590 -5.6%
TOTAL VALUE $7,425,900
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
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19. METRO NJ REAL ESTATE MARKET REPORT
PREPARED BY: HUDSON REALTY GROUP AT HALSTEAD PROPERTY NJ LLC
©2012 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved. This information may not be copied, commercially used or distributed without Halstead
Property’s prior consent. This data includes all condos that were listed in within the Hudson County MLS, MLS records do not include some new construction developments. While
information is believed true, no guaranty is made of accuracy.
METRO NJ OFFICE: 79 Hudson Street, Hoboken NJ, 201.478.6700
Visit hudsonrealtygroup.com for access to all of our reports, listings, neighborhood information and more.