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2023 Commercial Real Estate Power 50: I – Z

2023 Commercial Real Estate Power 50: I – Z
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Record just set for the most expensive condo in Jersey City

Record just set for the most expensive condo in Jersey City Traditionally condos are not considered the best real estate investment. You usually don t get the best return at resale. That was before the crazed home-buying frenzy of the last year. A condo just sold at the 99 Hudson development for a whopping $3.9 million. The company behind the project, China Overseas America, announced a few weeks ago that the 2,400 square foot unit was delivered in white box condition, meaning without walls or finishes. It sits near the top of the 79-story 781 unit building and features over 1,167 square feet of outdoor living space, which probably means you would have an amazing balcony area with incredible views of Lower Manhattan, the Upper Bay and the Hudson River.

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