By Chris Hinova
See what’s available to buy or rent at Hudson Tea 1500 Washington St Hoboken NJ. Get all the stats you need to make an informed decision.
The unmistakable classic lines of the Lipton Warehouse at what is now the Hudson Tea building have anchored Hoboken’s north end for many years.
The Hudson Tea building has attracted more than a fair share of celebrities most notably Giants Quarterback Eli Manning . To create his 3000 plus square feet Hoboken apartment oasis Eli combined two apartments in one and let his architects, interior designers and high tech engineers have at it. The home is now described as high tech yet simple to use so that, as Eli puts it, guests, friends and family can pick up a remote and start using it.
The Lipton Tea building, now Hudson Tea was built in 1893
There have been other celebrities associated with the building. Infamous former NJ governors like the disgraced Jim McGreevy was rumored to have lived there and his successor John Corzine also has a home in the Hudson Tea building. Movie stars too are no strangers to the Hudson Tea building, Mischa Barton stayed there when she filmed Assassination of a High School President in 2009. The building is a magnet for the stars and celebrities that attend the Hoboken Film Festival. Many claim to see Alex Rodriguez coming out of the building – not much of a stretch as “ARod” was born in Hoboken and more to the point, The Daily News reported that A Rod closed on two apartments in the Hudson Tea.
The amenities at the building are exactly what you’d expect to find in a luxury loft conversion.
The lobby is attended by 24 hours concierge and doorman services.
There is a fully equipped fitness center that goes way beyond the usual small dark rooms you find in many buildings. The Hudson Tea fitness center rivals that of many top quality gyms both in size, 3000 square feet, as well as in the quality and variety of equipment
In 1962 Lipton moved to Englewood Cliffs opening the way for Hudson Tea
The Hudson Tea Resident’s Club includes pool and game tables a lovely oak bar, a kitchen, dart board and of course a large flat screen TV
Hudson Tea Business Center with an executive conference room, computer station, and copy and fax services
There is an on-site gourmet cafe with room service and available valet, and housekeeping services.
The commute to Manhattan can be made either via the New York Waterway Ferry which is a short walk from the building or by the Path train which can be reached after a short ride on the building’s shuttle. Hoboken is well known for its vibrant Washington Street. Lined with continental bistros, neighborhood pubs, old world cafes and unique boutiques the Washington is a destination for many visitors to the city. And oh yeah, at the other end there’s Carlo’s Bakery, you know as in the “Cake Boss.” Don’t worry about finding it, you can’t miss it and if you do you won’t be able to miss the two or three block long line of tourists who come to get a taste of the world renowned bakery – here is a tip, they have great coffee too. On nice days a walk home from the Path up Washington Street is one of the many joys of living in Hoboken
Speaking of Washington Street if a short bus commute to New York’s Port authority is your cup of tea, sorry I couldn’t resist, the bus stop is just a block south right in front of the YMCA on Washington
There are 500 units in the building and befitting such an imposing structure there are two distinct addresses, 1500 Hudson and 1500 Washington.
The homes at Hudson Tea have hardwood floors, 13 foot ceiling, 10 x 12 foot picture windows and range in size from just over 700 square feet to just over 1600 square feet.
The appliances, refrigerator, stove, dishwasher and microwave are GE Profile as is the stackable washer/dryer.
In the bathroom you are greeted by Kohler fixtures and marble baths.
The resale prices at the Hudson Tea reflect the same economic reality that all Hoboken and NYC apartments had to endure. Prices per square foot dropped in ’09 and 2010 and they have now settled at $540 per square foot. There are some very encouraging signs however, namely that the difference between the asking price and the selling price has narrowed by more than 50% from 7.8% in 2009 to 3.5% in 2010. This indicates that asking prices are now very much in line with demand and also that buyers have more confidence and understand that they are getting real value. Another very encouraging indicator is the number of days on the market. That number has declined as well to just slightly over 93 days down from 102 days in 2009
Pr/sqft %Diff Days on mkt.
2010 540 3.5% 93.4
2009 566 7.8% 102.4
2008 653 1.8% 54.5
2007 650 1.7% 56.8
There are currently 24 Hudson Tea homes available for sale on MLS ranging from a cozy 735 square foot one bedroom offered at $385,000 to a 1,510 square foot two bedroom home with an asking price of $1,179,000. The developer, Toll Brothers indicates that it only has 25 units left of the original 500 offered for sale. The resale market is vibrant, click here to see a constantly updating the list of apartments available at Hudson Tea
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