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The average cost of a condo when the buildings was constructed ranged from $170,000 to $1.7 million. [1] Entertainers such as Frank Sinatra and Rod McKuen were among the buyers of Ocean Club condos. [1] Residents of the Ocean Club have to pay $7,000 a year in property taxes and a condo fee of $850 per month. [2]
In 2017, the property was put up for sale through a listing with Christie's Real Estate for a sum of $47,422,900. [8] [9] The asking price was subsequently reduced to approximately $39,000,000 after sitting on the market for nearly 3 years. On December 17, 2021, the property was sold for $26 million. [10]
Newport is a 600-acre (2.4 km 2) master-planned, mixed-use community in Downtown Jersey City, in the U.S. state of New Jersey, consisting of retail, residential, office, and entertainment facilities. The neighborhood is situated on the Hudson Waterfront .
After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami in 2021, state lawmakers implemented new requirements for older condominiums. NBC Universal 2 months ago
Veris Residential, Inc. is a real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in multifamily real estate in New Jersey and Boston. As of February 21, 2024, it owned or had interests in 22 apartment complexes, as well as a substantial land bank.
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In 2006, Mike Deluca, a resident and former board member at the Galaxy Tower, started a website, Galaxyfacts, after he came to feel that he had been denied the opportunity to voice his concerns at Galaxy Towers Condo Association (GTCA) board meetings regarding what he felt were the questionable backgrounds of partners in the company doing proposed renovations to the Towers.
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