Hoboken Condo Is 'Most Expensive' Ever Sold In NJ: Report

Hoboken, NJ – Hoboken may be a new record holder… the location of the reported most expensive condo ever sold in New Jersey.

According to the Otteau Valuation Group, a real estate appraisal and valuation company, Liberty Realty’s recent sale of 216 Bloomfield Street Unit A for $3.3 million was the highest ever for a condominium sold in the Garden State.

The condo – dubbed “The Gemini” - closed after 37 days on the market and with multiple offers, a company news release stated on Feb. 6.

The previous record of $3 million was set in 2009 in Cape May County, according to the Otteau Valuation Group.

Recently, that record was tied by another Hoboken sale, which closed in the fourth quarter of 2015 for $3 million.

“The concept for the two-unit project, developed by Gary Mezzatesta and Nick Petruzelli of the Taurasi Group, in conjunction with architectural firm of Minervini Vandermark, was to appeal to the premium buyer of fami-ly housing in Hoboken,” the company release stated.

“The size and scale of The Gemini units transcend the traditional condo market and are comparable to many single-family houses in and out of Hoboken. Each multi-level home at The Gemini has four bedrooms and offers something most coveted in Hoboken: two-car-garage-parking.”

• See related article: ‘Highest-Priced Condo in Hoboken History’ Hits Market

Sign up for Patch email newsletters here.

Send local news tips, photos and press releases to eric.kiefer@patch.com