Real Estate
'Highest-Priced Condo in Hoboken History' Hits Market
The owner will only pay one-third of normal taxes under a PILOT agreement.
A local realtor has just listed a property that they are billing as the “highest priced condo in Hoboken history.”
AVENUE Residential recently placed a $6.6 million condo on the market, located on the 22nd floor of The W Hotel.
According to a release, the property combines two units for 4,300 square feet of floor space, and includes five bedrooms, five full and two half-baths, three balconies and two valet parking spots.
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The property is under a Payment in Lieu of Taxes (PILOT) lease, and the owner will be responsible for “one-third the cost of typical property taxes,” according to the release.
Find out what's happening in Hobokenfor free with the latest updates from Patch.
Photos courtesy of Christopher Poreda
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