Real Estate Bergen County New Jersey | Homes For Sale

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New Townhouse Development Purchased

Upper Saddle River Bergen County New Jersey, East Crescent Estates Condominiums were purchased out of Bankruptcy by a group headed up by Richard Stabile. The partially completed Townhouses are now being prepared to be readied for completion. River Cliff LLC will finish the development of the Townhomes.

Soon to be offered for sale, approx 3100 sq ft. living space with 3 bedrooms and 3.5 baths 2 car garages, the units are nicely trimmed and included many appointments. Marble master baths with whirl pools, many with separate showers. Hardwood floors and custom kitchens with granite tops. The new townhomes will br attractively priced.

For more about these New Townhomes.

 

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Upper Saddle River Homes For Sale.

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Richard

REMAX Real Estate Associates-Richard Stabile- Realtor-Builder-Developer 201 573 8811 ext 331 Northern New Jersey's Number 1 new home seller !

Buying or Selling in today's challenging markets, go with the experience and knowledge.
Talk to me, you will know your making the right choice. 30 years - over 1000 sales!

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8 comments • Richard Stabile Bergen County New Homes Builder Realtor • January 24 2010 06:23PM

Comments

Good luck in the project.

Posted by Jeff and Heather Rickert Pocono Realtor®, RSPS (Keller Williams Real Estate) over 2 years ago

Good luck on this endevor Richard!
Your friend on the west coast,
Paul

Posted by Paul Henderson, Broker, Realtor® Tacoma,Gig Harbor,DuPont,HartstenePointe (RE/MAX Professionals & Four Seasons Inc.) over 2 years ago

I bet this is going to be a real winning investment for you:) Best of luck!

Posted by Bill Gassett Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) over 2 years ago
Real etatse you gave a twenty year hypothetical situation ..let me give you a twenty-two year fact based situation .Twenty-two years ago I bought a house for $ 47,000. today I constantly get offers in the $ 700,000. range. That's for the lot Twenty years ago I bought a three unit building next door to my house for $ 56,000. The land under it is also worth $700,000.!!Now because they're right next to each other and can be combined into one big parcel developers throw in an extra $350,000-$ 400,000. in their offer.Like one person mentioned " they ain't making any more "I'm also very familiar with the " income property" aspect of real etatse and believe me..you can make a down payment and from there on , tenants pay the mortgage, the taxes, the repairs,the insurance .and your profit. But at income tax time you're barely making anything ( on paper) because of depreciation and write-offs.I love to invest and a 7% return is a bad year but even twenty good years would never put you in the same ballpark as real etatse .Unless of course you buy the proverbial "swampland" or maybe the guy next door starts raising pigs !!!P.S. The REIT investing that someone else mentioned is one way you can better that 7% per annum you were forecasting.You keep hearing about a "real etatse bust" on the news, etc but believe me that is " homebuilders" that is not all real etatse. Income/ commercial property the way to go.References :
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