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REMI to auction Hoboken homes.

REMI Companies has announced that they will sell 40 units at Velocity, the firm's flagship Hoboken luxury condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 community at an auction conducted by Accelerated Marketing Partners on June 24 at the Hyatt Regency in Jersey City.

The 40 Select 1, 1+den, 2, and 3 bedroom residences will be offered at published minimum selling prices. Just to give you an idea of where these minimum selling prices start, a One-bedroom unit will be offered with the minimum base price of $295,000.

In its decision to auction the 40 condos at Velocity, REMI is the first developer to let buyers establish the fair market value for new luxury construction in one of the New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 metropolitan area's most desirable cities.

"We are putting the power in the hands of the marketplace," said Kaiser, "We are so confident in the superior quality of VELOCITY that we are conducting this auction in one of the hottest real estate markets in the country in order to let buyers determine what new luxury construction in Hoboken is really worth."

Velocity, which has 128 luxury units, is one of the only residential developments in Hoboken to offer 24-hour concierge service. Amenities also include a 25,000 s/f fully landscaped private park, Brazilian cherry hardwood hardwood: see wood.

Timber obtained from broad-leaved, flower-bearing trees. Hardwood trees are deciduous trees, except in the warmest regions.
 floors, granite and marble finishes, washers and dryers in every unit, a state-of-the-art fitness facility, on site parking, a comprehensive building security system and high-speed internet See broadband.  access.

It is the first residential building of its scale in Hoboken to be constructed using precast concrete precast concrete

Concrete cast into structural members under factory conditions and then brought to the building site. A 20th-century development, precasting increases the strength and finish durability of the member and decreases time and construction costs.
 panels. The building features 12-inch thick concrete floors, and 7-inch thick concrete walls, making it virtually soundproof sound¬∑proof ¬†
Not penetrable by audible sound.

soundproof v.
 and offering the utmost privacy for its residents.
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Publication:Real Estate Weekly
Date:Jun 20, 2007
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