Miringanes

Miringanes t1_j18ujoh wrote

So my in my expert opinion… they did make some progress. It looked like they got some underground plumbing rough-ins installed. I can only assume there was a permit issue for plumbing which caused a delay, or a design change, or a multitude of other things. Once that plumbing is done and any electrical raceways, they’ll likely start to pour the slab

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Miringanes t1_iwpnkhj wrote

I would do some deeper research into this. In some cases the abatement will cost you more than your standard tax bill depending on the property. Additionally, I just moved to a very high tax suburb and the spread between the suburb and JC wasn’t massive, maybe 4 a year. Which on paper seems like a lot, but when you factor in constantly increasing school budgets, municipality budget increases, and then PILOTs expiring which will cause the municipality to take in less taxes with no guarantee it’ll lower school taxes, they’re destined to go up.

You could say suburb taxes will go up, and they will, but JC’s low rate isn’t out of the kindness of the city’s heart, it’s due to mismanagement and a perfect storm of conditions that will end.

Additionally, since the Bayonne boxes are new, there’s no assessed value on the books so you won’t really know what the taxes are until you’re assessed or if you do the abatement.

I was looking in the heights but the cities tax future scared me, the door to door commute to work would be about the same as where we bought in the suburbs, and I got significantly more space and land for the price. I wanted desperately to stay in JC, we just couldn’t make it work unless we rented forever.

Edit: Also don’t know what your budget is, but the new build Bayonne boxes skyrocketed this year. We saw (arguably the nicest of the bunch) one in April (listed for $650,000 and it sold for $635,000). The last one we looked at in September was listed at $900,000, was not as nice and was on a less desirable block.

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Miringanes t1_iwhhp0x wrote

Reply to comment by karuso2012 in Modera lofts experience? by karuso2012

? Freehold is central Jersey. Newark isn’t bad. Went to school there 15 years ago and it’s only improved. Irvington can be a little rough and some of the outer wards, but you’re also further from public transportation when you get to those areas.

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Miringanes t1_iwhaftp wrote

Reply to comment by karuso2012 in Modera lofts experience? by karuso2012

I used to commute via NJT bus from Freehold, NJ to PABT for 2 years. I swore that I would never set foot on a NJT bus or in PABT after I moved to JC. This is why I chose to move to a town with direct NJT train service.

Short answer, I hate the bus but YMMV

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Miringanes t1_iwdm7hx wrote

Reply to comment by bodhipooh in Modera lofts experience? by karuso2012

Lol we were looking in both and my realtor kept calling it Maplehood (I joke and say I’m on the good side of the tracks). The hood won’t kill us but the taxes will…

We’re actually smack on the border of SO and Maplewood, so a mile from each downtown which is great.

It’s funny how there’s so many people in both towns who decamped from Brooklyn, Hoboken and JC.

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Miringanes t1_iwdhe68 wrote

Reply to comment by karuso2012 in Modera lofts experience? by karuso2012

Is there a reason you’re looking in JC if you’re working in East Orange? That commute could suck with the traffic.

South Orange has a bunch of rentals and a brand new one that looks really nice, but they are charging JC prices for it. My wife and I are in the process of moving from JC to SO (we bought)

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