Weehawken Township, NJ 07086

Avora Buyers Reap Benefit of Weehawken Tax Cut

NorthJersey.com, 5-Jan-18

Weehawken Township recently announced an historic reduction in its property taxes, lowering the rate from 2.23 percent to 1.49 percent — one of the lowest along the New Jersey Gold Coast.

Slated to take effect in 2018, the new rate is quickly reverberating throughout the region as buyers factor in the significant cost savings it will yield over the length of their home ownership.

At Avora, Weehawken’s signature new condominium building which features 184 waterfront residences, unobstructed views of midtown Manhattan and an impressive amenity offering, purchasers will enjoy up to $96,190 in savings over a ten-year period on a new two-bedroom residence priced at $1,225,620.

“Weehawken had already emerged as the destination of choice for condominium ownership based on its spectacular waterfront setting, access to Manhattan via the in-town Port Imperial Ferry Terminal, and considerable open and recreational space along the riverfront,” said Gabe Pasquale, senior vice president of Sales and Marketing for Landsea Homes, which is developing Avora. “The very attractive new tax rate enhances Weehawken’s desirability and further differentiates it from other options along the Gold Coast by creating significant and long-lasting financial savings. It’s already had an impact on buyers who were still exploring other possibilities but decided to move forward at Avora.”

With the first phase of homes already sold out at Avora and a number of residences in the second phase under contract and scheduled for delivery in the first quarter of 2018, taxes clearly aren’t the only determining factor in choosing its incomparable resort-like lifestyle.

Named “Community of the Year” by the New Jersey Builder’s Association, Avora was designed by world-renowned architects IBI Group to take full advantage of its waterfront location with a multi-tiered, stepped-back design that maximizes views of midtown Manhattan and the Hudson River.

Residents will have access to a full suite of lifestyle amenities, including a luxurious lobby with concierge, private screening theater, business center, elegant boardroom, a grand salon lounge with a bar and catering kitchen, on-site pet grooming, and a state-of-the-art strength and cardio fitness center. A third-floor landscaped outdoor plaza features a pool, spacious sun deck, lounges, grilling areas and a fire pit – all set against the backdrop of the Manhattan skyline. A secure parking garage and bicycle and resident storage will also be available.

The iconic 11-story building features a collection of one-, two- and three-bedroom residences, as well as a limited offering of duplex Penthouses, currently priced from the $800,000s to more than $4 million. Dramatic finishes and appointments include nine-foot ceiling heights, chef’s kitchens with stainless-steel appliances, and designer spa bathrooms with porcelain countertops, European-imported stone finishes and limestone baths. Many residences offer balconies and terraces with panoramic New York City views.