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| Jersey Real Estate>>Condominiums>>Condominiums |
Liberty Point Urban Renewal
Metrohomes LLC
Description - Condominiums
Website - www.metrohomesllc.com
Address - 135 Morris St, Jersey City, New Jersey ( NJ ) 07302-4442 Map It
Telephone - (201) 332-6202
Reviews
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Disclaimer: Any opinion expressed below is to be considered the reviewer's personal opinion,
not necessarily that of the Kannekt company or its editors. Please read with discretion.
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Editor's rating of this review - 3/5
Review - Wonderful Location. Excellent quality. One of the best buildings in the best part of Historic Jersey City.
Product or Service - 50/50 Customer Service - 50/50
Reviewed by - Double Barrel (2004-05-17 )
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Review - Yes - you will be one of the last to close, however once the building has a CO Metrohomes start paying the taxes for the building/units. So they try and close all units ASAP after the CO is granted.
(2005-04-06 )
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Review - Thanx for that info re: my grandview closing question. We purchased a unit on the 1st floor - so I guess we can safely assume we will be one of the last ones to close?
SY
(2005-04-05 )
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Review - Is early June realistic? mmmm, the $64K question. 2-months from today...
I purchased in Liberty Point and Metrohomes were really later: like 3 maybe 4 months. Looking at the Grand View I'd say you'd be lucky to be in by the 4th July.
I think it was about 1-month after the hardwood floors went in. Plus it will depend upon which floor you're on, because the top floor will be finished first and then the third...
The building looks great - so I'm sure it's going to be worth the wait.
(2005-04-04 )
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Review - I am one of the purchasers for the Grandview and just wanted to find out approximately how late were you from the original projected closing date. The completion date was suppose to be March, now we were told that it may be sometime between June 1st and 15th. Based on your experience with metrohomes would you say this is realistic?
(2005-04-01 )
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Review - Anyone know of NEW construction condos to be built anytime in 2006 in the hoboken, weehawkin, jersey city area? please let me know!
Product or Service - 25/50 Customer Service - 25/50
Reviewed by - Anonymousjnavani (2005-03-27 )
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Review - Can you please let me know if it is true that each unit paid $1,000 in insurance to Metrohomes at closing? What was this for? Was it possible to go to another insurance company? Am closing on the Grand View and wish to educate myself prior to closing date when it would be too late to do any research.
(2005-02-15 )
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Review - I heard there is a new condo building coming up on Washington and 2nd. Did any one hear about it? I have been told it is going to be the best building in JC.
(2005-01-24 )
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Review - Anyone got any recommendations for movers. We will be moving from Avalon Cove to the Grand View when it is completed. Don't want to be ripped off by bad movers. Tips on moving companies to avoid are greatly appreciated as well.
Thanks in advance.
(2005-01-24 )
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Review - I think you should anticipate delays. I went into contract very early. And I was originally told that April was a good possibilty. And like everyone else, I closed in Sept.
(2005-01-13 )
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Review - The Grand View looks like a really nice building. I wish you good luck with your puchase. However, Metrohomes continually changed the closing date. My closing was going to be May then April then July, then August, finally 1st Sept. Looking at the Grand View now, I'd be very surprised if your in by April 2005. My guess is July 2005.
I'm very happy with Liberty Point, but there are still a couple of bits and pieces which need to be ironed out, possibly by the assocation if/when it gets formed.
(2004-12-14 )
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Review - We bought a 2bdr, 2bdr top floor in the grandview which is meant to be closed April 15th 2005. Any tips from owners in liberty place. It sounds like most owners are happy with their purchase. How long was the delay in closing?
(2004-12-11 )
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Review - Anyone know anything about our abatement? What should our taxes be?
(2004-11-25 )
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Review - great looking building. nice job Metrohomes.
(2004-11-18 )
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Review - check out 187warren.com
(2004-10-11 )
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Review - The tall ceilings make the units feel large...
http://www.jerseycityhomes.com/cgi-bin/index.cgi?about+187_warren_406
http://www.jerseycityhomes.com/cgi-bin/index.cgi?about+187_warren_306
http://www.jerseycityhomes.com/cgi-bin/index.cgi?about+187_warren_206
Product or Service - 50/50 Customer Service - 50/50
Reviewed by - (2004-10-07 )
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Review - Trying to get a sense of dimensions of the space-Can anyone tell me the length of the living room/dining room (exclusive of the kitchen) in the 06 units (i.e. 306, 406)?Is there a place where you can see ALL the lines of apartments?
(2004-10-06 )
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Review - It's absolutely perfect.
(2004-10-01 )
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Review - Any one know why Metro homes is charging around a grand for insurance at the time of closing?
(2004-09-20 )
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Review - just found this website. and just moved in on saturday. funny :-)
love the building and my unit even if my place is full of boxes!! :-( its nice to have the tall ceilings and large windows feels very bright. i need to buy drapers.
looking forward to meeting my new neighbors.
winne xxx
Product or Service - 50/50 Customer Service - 50/50
(2004-09-16 )
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Review - closing on monday. the place looks awesome.
Product or Service - 50/50 Customer Service - 50/50
(2004-09-10 )
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Review - Has the master deed been recorded? Is anyone finished w/ their title work?
(2004-09-02 )
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Review - An excellent looking building with great “curb appeal”
Product or Service - 45/50 Customer Service - 30/50
(2004-08-30 )
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Review - Just had my walk through.
Unit looks very good, and better than I had imagined.
I wish I had purchased two.
Don't know when we're closing - T.
Product or Service - 50/50 Customer Service - 50/50
Reviewed by - (2004-08-26 )
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Review - Hello Everyone,
My husband and I our interested in purchasing a unit in Liberty Point, and obviously a number of people here own units in the building.
Has anyone here purchased a unit as an investment, and intends to sell the unit over closing? If you are please email me directly at ShimthMJ@aol.com
Thank you in advance, MJ
Reviewed by - Mary Jane (2004-08-19 )
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Review - I'm not a big fan of the door handles, however I guess I'm very lucky if it's my only complaint.
(2004-08-18 )
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Review - I extended throught wells fargo. It's cost me alot of money and I personally BLAME Metrohomes, and not Wells Fargo.
Metrohomes point of view is that the price of your unit has gone up by 100+K since you purchased it so be happy and they're not paying to expand the lock. This is disappointing, especially when we consider how late they are, and the additional hassle everyone has been through.
Metrohomes have built a fantastic building - and I guess another $1000 to keep a fanatastic mortgage rate is worth it.
Product or Service - 50/50 Customer Service - 1/50
(2004-08-18 )
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Review - I'm locked in with Chase. They can extend it for 7 days, 15 days, etc...at quite a cost. I hope we close soon...very soon. Good luck all.
(2004-08-17 )
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Review - We just had our walk-through last Wed...place is simply beautiful! Walter from Metro Homes was great - I asked him his opinion of when closings may begin, and albeit he couldn't give a concrete answer, he stated that it looks good for EOM and they typically can do 5-7 closings a day. Folks, I think we may be good for this month. Good luck to all!
(2004-08-16 )
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Review - I have a lock-in with Wells Fargo too and it's expiring next week. I'm really concerned as what my choices are. I could be wrong, but I think one can choose to renew the lock-in rate for some fee. I just started looking into this so I can't speak for sure if it's worth the money. How is everyone else dealing with this situation?
(2004-08-16 )
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Review - 1) I am not interested in purchasing a property here
2) I speak from experience, not what I have read, but regardless, you clearly speak from inexperience, because the NYC area is by no means excluded from the ups and downs of the real estate market. In fact, it is affected to a greater extreme. It goes up higher, and falls down lower.
Regardless, those who plan on living here need not worry. The speculators are the ones who are going to get into trouble. The last downturn in the NYC market lasted from 1988-1995, so don't expect to get out any time soon.
Product or Service - 20/50 Customer Service - 20/50
Reviewed by - Big Boy (2004-08-13 )
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Review - I don't like the doorhandles.
(2004-08-12 )
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Review - Did anyone go with Wells Fargo as Metrohomes suggested b/c of their new construction floating lock?
(2004-08-12 )
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Review - The appreciation is already there for those who bought at the first offering. Either way, I'm not selling anytime soon.
(2004-08-12 )
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Review - I don't think you need to tell everyone what is going to happen when you really don't know; why tell someone they are going to lose money when they might not. Anything you ever read about real estate specifically mentions that the NYC area is excluded from the basic rules of how real estate functions throghout the rest of the US.
(2004-08-12 )
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Review - Big Boy, Why are you so interested in getting in on this Property?
(2004-08-12 )
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Review - No news about the C of O here.
(2004-08-12 )
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Review - My rate lock expired last week, current rate is 50bp higher than the lock, sucks!!
Does anyone know if they got the C of O?
(2004-08-11 )
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Review - Please, the difference between 450K and 500K is not so much that one could afford the former and not the latter. Get a brain.
For those of you who think a mere 10% drop is unrealistic, think again. The regional market has been known to easily plummet more than 20% in the past, and prices have skyrocketed this time like never before.
Product or Service - 10/50 Customer Service - 10/50
Reviewed by - Big Boy (2004-08-11 )
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Review - To my knowledge you really don't need an inspector because the builder's warrenty will cover you.
(2004-08-11 )
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Review - Hi, I just went on my walk-thru. To my surprise...everything was just about perfect. I thought the hallways looked great. Loved the dark stained doors and the putting green.
Anyone hiring a home inspector before closing? Any referrals? Can't wait to close!
(2004-08-10 )
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Review - Anyone worried about their lock-ins expiring?
(2004-08-10 )
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Review - I just had a walk through this morning - the place looks great. I had about 12 minor issues, most of them just surface items like scratches, caulking, etc. But Walter (the metro homes walk through guy) told me that none of these prevents closing.
(2004-08-09 )
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Review - OK Well put. Now can we put an end to this Big Boy thread, and move on to discussing more important issues?
Has anyone else had walk throughs?
What were you’re issues if any?
Has anyone heard about closing?
(2004-08-07 )
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Review - I think you're right about Big Boy's eagerness to own at Liberty Point. It seems he cannot afford to buy right now and is desperately hoping he'll find a 2 BR for 450k. Whether rates rise or not, the supply is limited, and therefore it's more likely that prices will plateau rather than fall in our area.
(2004-08-07 )
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Review - Desirability is based on many things, including general demand, interest rates, job growth (in the city), the value of the dollar...not just the sentiments of myself or the 5 other people who post on here. Those of you who plan on living here dont have much to worry about, it's the speculators who are going to get screwed...that's when i'll pounce. Done it before, and it's getting prime for the taking soon enough.
Product or Service - 10/50 Customer Service - 10/50
Reviewed by - Big Boy (2004-08-07 )
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Review - What's rather interesting about this big boy individual is how extremely keen he obviously is to own a unit in Liberty Point. Which demonstrations how desirable the building and units are, and consequentially weakens the basis of his agreement that the units will be worth considerably less in a couple of years.
See ya in 2006!
Product or Service - 50/50 Customer Service - 50/50
(2004-08-06 )
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Review - As long as there are no problems with the city, I think we'll be in by the end of August...let us know how the walk throughs go..
(2004-08-03 )
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Review - Any major issues during walk through? What happens if things change between walk through and closing?
(2004-08-03 )
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Review - 1) If you haven't sold yet, then you haven't made any money.
2) You'll learn what a big boy is when prices crash and you are begging for a buyer.
Product or Service - 50/50 Customer Service - 50/50
(2004-08-03 )
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Review - I have purchased a unit in Liberty Point, and I am confident that the property will, at the very least, hold its value.
In the short-term, prices might not go up further. However, the design, quality and location of Liberty Point is excellent and extremely desirable. The last unit in Liberty Point, 1152sqft 2 bed/2 bath, sold for $639K (that's $550 per sqft). Therefore I consider it highly unlikely that the any unit owner would in the future consider selling for $450K.
Product or Service - 50/50 Customer Service - 50/50
Reviewed by - Nick K. (2004-08-02 )
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Review - you lost your opportunity big boy. i got in early, not late. already made my money so quit whining. i'll let you know when i'll be taking offers.
(2004-08-02 )
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Review - us big boys...could you try to be alittle bit more mature.
(2004-08-02 )
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Review - Do you think we'll all be in by the end of August?
(2004-08-02 )
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Review - How are the walk throughs? Who do you attend them with?
(2004-08-02 )
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Review - Thank you for the information about the walk through - that gives me hope!
(2004-07-31 )
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Review - Maybe you're new to real estate...prices will fall to 450K, just watch. That's when us big boys will come in.
Product or Service - 50/50 Customer Service - 50/50
(2004-07-31 )
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Review - I'm on the fourth and i just had my walkthru booked for 8/4
(2004-07-30 )
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Review - keep dreaming
(2004-07-29 )
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Review - No problem! I will buy a unit next year when the 2 bedrooms fall to 450K
Product or Service - 50/50 Customer Service - 50/50
(2004-07-28 )
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Review - Sorry to say, you're too late even if you were intending to buy. The place has been sold out for quite a while now (the website http://www.jerseycityhomes.com is rarely updated).
(2004-07-27 )
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Review - I went by this building and thought it looked great and the location was superb.
Prices are a bit on the high side now unfortunately, well over 500K for the 2 bedrooms. Otherwise I would consider buying.
Product or Service - 50/50 Customer Service - 50/50
(2004-07-27 )
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Review - We ordered a black appliance package but the gas range that they have put in our unit is white! Does any one else have the same issue?
Reviewed by - (2004-07-25 )
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Review - I have a unit on the 4th floor, haven't been contacted about the walk through yet.
Reviewed by - (2004-07-23 )
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Review - I haven't been contacted about a walk through yet, but I heard they were contacting owners from the fourth floor first - does anyone know if this is true?
(2004-07-21 )
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Review - Are all the floors down? How about the hallways? Anyone with an update?
(2004-07-21 )
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Review - I'm interested in buying something from Metrohomes and I was wondering if anyone had comments about the Waterfront Design Group? Anyone you would suggest that I talk to? And how are the options? Thank you.
(2004-07-21 )
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Review - Eager to move : I'm pleased to report, (and you'll hopefully be pleased too), that closings start around the 12th August, with 4th Floor walk-thru's starting early next week.
(2004-07-21 )
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Review - My attorney spoke with the builders' attorney today and he said the builder had a meeting with the city on the 12th, and hopefully closings would start the week after...hopefully, this is true!
Don't know how the building is progressing because when I went on Sunday, they had blocked all of the doors...
(2004-07-21 )
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Review - What the hell were Metrohomes thinking when they decided to put four bright GOLF door handles on the aircon closetS 9-1/2 feet above the floor.
WHEN YOU HAVE YOUR WALK THRU TELL THEM IT'S A STUPID AND LACKS DESIGN, QUALITY OR STYLE. I EXPECT THOSE HIGH DOORS TO PUSH CLOSED/PUSH OPEN (MAGENTS). Not door handles!!!!
AM I BEING UNREASONABLE?
(2004-07-21 )
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Review - Found this article...
http://www.nj.com/news/jjournal/index.ssf?/base/news-2/1089969115278221.xml
Product or Service - 50/50 Customer Service - 50/50
(2004-07-20 )
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Review - Has anyone scheduled a walk through with Waterfront Design yet?
(2004-07-20 )
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Review - Does anyone have any tax info for their unit?
Product or Service - 50/50 Customer Service - 50/50
(2004-07-17 )
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Review - When are the closings?
Product or Service - 50/50 Customer Service - 50/50
(2004-07-17 )
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Review - Anybody hear anything lately on closings?
Product or Service - 50/50 Customer Service - 50/50
Reviewed by - matts900 (2004-07-14 )
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Review - Assuming they finish construction by the end of this month (looks optimistic). If anything is identified in the inspection, it probably has to be fixed and reinspected, right? For a building this size I would be surprised if it is done within a month. I would say the optimistic closing date is early / mid September.
Have they closed Southgate, I think in their pecking order, LP comes after Southgate.
Reviewed by - Eager to move (2004-07-14 )
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Review - Just went in (sat). Floors are down on all 4th floor unit, and half 3rd floor. i guess 1 week and all floors will be in.
And all the washer dryers are in the unit - but need attaching.
Looking really good though.
Product or Service - 50/50 Customer Service - 50/50
(2004-07-10 )
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Review - Anybody have an update on a completion date??
(2004-07-10 )
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Review - Hi Matt900
I agree. It does look great. The tall ceilings really make the rooms feel hugh. And putting the water heaters above the closets is a senseable use of deadspace.
Metrohomes have taken an age, but at least the units look like quality materials have been used. The really wood doors are better than those normally used in substandard contructions.
Let's hope we're in by the start of August!?
Product or Service - 50/50 Customer Service - 50/50
(2004-07-06 )
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Review - anybody been inside lately? the place looks great. can't wait to move in.
Product or Service - 50/50 Customer Service - 50/50
Reviewed by - matts900 (2004-07-03 )
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Review - the space is/was on sale for about $700K, but I don't know if it's sold.
Tony
(2004-06-30 )
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Review - Does anyone know what is going in the commercial space?
(2004-06-29 )
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Review - there were some liberty point pieces on the jerseycity list website. this is the link:
jclist
Reviewed by - Jenny (2004-06-25 )
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Review - Norma - I popped my head into all the units!! Sorry - but I could help but have a nosey ;-) And I went onto the roof.
Jamie.
(2004-06-24 )
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Review - On the corner of Essex and Warren is where Captian Al's new place is going. The developer is also building the Captian and his mother condos above it. Rumour has it he walked away with $1.5 million, a new bar and 2 condos for agreeing to sell his old place.
The development was to be apartments, however I understand that they will now be condos. Prices/plan will not be released until early next year.
The brownstone on Essex, right in front of Liberty Point is staying - so I'd be interested in how the new building is going to wrap around it - without looking extremely dumb. And I would be surprised that the local development committee would allow an eyesore to replace an eyesore (Captian Al's place).
I only hope it doesn't look like Harbor View Apartments (next to Pier House) which is seems very big and very ugly for a 6-story building.
(2004-06-24 )
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Review - I agree! I'd volunteer to go paint or help out in any way - I don't understand what's taking them so long!!
Jamie - what units did you go into?
Reviewed by - Norma (2004-06-23 )
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Review - Does anyone know what they are building on the Captain Hal's location? Condos? Or rentals? And what developer? Thanks.
(2004-06-23 )
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Review - I DON'T CARE ABOUT THE PRICE PER SQ FT OR WHATEVER ELSE IS ON THE MARKET. I JUST WANT TO MOVE IN!!!! :(
(2004-06-22 )
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Review - Thank you very much norma and Jamie.
I noticed that 110 Grand had an open house this weekend and only has 2 units left. I also noticed that Morgan Lighthouse has started listing their units again, but with a large price increase since they were taken off the market. The price is about $540 per sq ft, and when you think that it is in the Art District which isn't that nice compared to Paulus Hook.
Someone told me that the piece of land next to Liberty Point is going to be condos - where Captian Al's bar was!!
Does anyone have information about this?
Reviewed by - Paula (2004-06-21 )
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Review - To answer Eager to Move: I've purchased one too – and I am also upset that the builder has delayed until the end of July. Recently I crept in to the building and am really pleased with how the units are looking: the tall ceils look great and I love the way they have hidden the heater and boiler units above the closets. The bad new is I think it's going to slip passed the end of July, maybe even the end of August. There is still a lot to finish, and there appears to be not a lot of guys working on the site.
To answer Paula: I agree with Norma, obviously prices go up the nearer to completion, however two of the unsold units have HUGH outdoor spaces, which I can imagine in the summer being fantastic. Like Norma said compare to what else is in the area, here's my thoughts...
1. There is nothing in the Sugar House for less than $750K.
2. There are zero or certainly very few units available in The Pier House ( I've heard that there are a number of construction/quality problems with the units in The Pier House).
3. The condos at 60 Sussex (John Bober’s) have all sold (they were excellent quality, however a little small for between $550K and $600K).
4. There is a new condo going up near the Post Office (next to Bimpie), and again the quality looks excellent, however the price is $750K+. And it's on a very busy street.
5. There is 110 Grand Street, which has no parking and no elevator, and the top floor unit is about $850K+!!
6. The Grand View, on the corner of Green & Grand, I think most of the units in there have sold, but I looked at the floor plans and they looked garbage. One of the units was a studio 428 sq ft!!! That says to me the builder is just trying to make as much money as possible, rather than designing quality living spaces.
7. I found out there is someone listing their unit in Liberty Point for sale already!! I imagine a number of units will have been purchased by people looking to flip them after closing. Look at www.187warren.com
Anyway, I hope this helps. Let us know what you decide? :-)
Jamie
Product or Service - 50/50 Customer Service - 50/50
Reviewed by - Jamie (2004-06-16 )
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Review - To answer Paula - looking at the other condos in the area, I definately think they are worth considering.
Eager to move - I don't know when closings are expected to start, but I was pretty upset that they delayed construction again until the end of July. I'm hoping closings will start in August, but that's just a guess.
Reviewed by - norma (2004-06-15 )
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Review - I was thinking about purchasing one of these units. However, the price of the remaining units has gone up considerably in the last month.
http://www.jerseycityhomes.com/cgi-bin/index.cgi?about+187_warren_pricelist
Are these units still worth considering or is the building now poor value?
Reviewed by - Paula (2004-06-14 )
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Review - When are the closings expected to start?
Reviewed by - Eager to move (2004-06-08 )
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