Nine on the Hudson, a luxury residential building in West New York developed by K. Hovnanian AT PORT IMPERIAL URBAN RENEWAL VI LLC — Courtesy: K. Hovnanian AT PORT IMPERIAL URBAN RENEWAL VI LLC
By Joshua Burd
A waterfront residential building in West New York is more than 75 percent sold, thanks in large part to low mortgage rates and a rare winter surge in home buying activity.
The developer, K. Hovnanian AT PORT IMPERIAL URBAN RENEWAL VI LLC, announced the milestone for the 13-story complex known as Nine on the Hudson, touting its views of the Manhattan skyline and its upscale offerings. Those features have helped propel activity at a building where prices for townhomes start at just under $1.1 million, offering a mix of two- to four-bedroom layouts in that category.
“Mortgage rates are at an ideal low point right now,” said Henry Song, community manager for Nine on the Hudson. “And word has spread about our value opportunity as compared to areas of Manhattan, Jersey City, even Brooklyn and Long Island City; here, you can be in-and-out of the city in 8-minutes thanks to the nearby ferry, our homes are generously-sized and beautifully designed, and you’re surrounded by hotel-style amenities. It is a living experience that is clearly resonating with buyers.”
Surrounded by the waterfront Port Imperial neighborhood, Nine on the Hudson offers proximity to shops, restaurants, parks and New York Waterway ferry service to Midtown and Lower Manhattan, the developer said. The building, which was designed by Marchetto Higgins Stieve Architects, boasts glass-enclosed condominiums and penthouses with high-end interiors.
The property offers a mix of one-, two- and three-bedroom condos, along with two- to four-bedroom townhomes with duplex layouts and up to 2,000 square feet of living space. Residents have access to 40,000 square feet of indoor and outdoor amenity space, including a two-story fitness center with spa facilities, indoor and outdoor children’s play areas and co-working spaces.
Meantime, the developer also touted a value proposition fueled by a 20-year tax abatement.