Jersey City’s The Riverview sells out in less than four months

The Riverview at 580 Palisade Avenue in Jersey City. Picture through LoopNet.

A booming housing market has fueled 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 its residential condominiums are now 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 have been 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 in price and absorption rate “, says Toledano, general manager of Modern Spaces’ New Jersey office. “Even when everyone was talking about the New Jersey suburban boom, we were able to prove that there was still a strong demand for Jersey City.”

The Riverview 580 Palisade Avenue Luxury Condos For Sale Jersey City Heights 2
Image courtesy of Espaces Modernes.

The Riverview, which also includes a 12-car parking garage, offers expansive private outdoor spaces on its three penthouses which each feature a private rooftop terrace overlooking New York City. Residences on the property cost between $635,000 and $1.3 million.

The development is currently marketing 1,012 square feet of commercial space located on the ground floor of the building, which further includes 800 square feet in the basement of the property. The storefront hopes to breathe more street life into the Riverview Arts District, which has hosted places 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 located halfway between the greenery of Washington Park and the newly renovated Riverview Fisk Park.

Comments are closed.