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Jersey City’s 10 Provost set new records for its top condo resale prices throughout 2024. Now, resident expert and Coldwell Banker agent Brian Spain shares why the building is attracting strong interest from buyers following the market slowdown in 2023.
With interest rates dropping and buyer interest increasing, now is the time to start considering buying a property in one of New Jersey’s top buildings. Read on to get a sneak peek at three new private listings.
With his intimate knowledge of 10 Provost, Brian Spain recently completed the resale of several record lines within the 28-story building.
The previous record sale price for Line 12 was for Unit 412 at $750,000, but Brian recently sold Unit 712 for $854,000.
The price of Unit 1409 last month surpassed the high price in 2009, reaching $1,321,000
The building’s resale value continued to rise when Brian closed on Unit 806 on Line 06 for $922,200 without parking, with previous highs for Line 06 being Unit 2306 (without parking, for $860,000) and Unit 2106 (with parking, for $885,000).
Units 712 and 806 were both sold off-site, as was the soon-to-be-record-setting Unit 1908.
These sales further solidify Brian’s position as the market leader at 10 Provost, where he has negotiated the most sales in the building. Brian noted that these record prices are due to a number of factors. “In addition to the strong sense of community and unparalleled Provost Square location, the management team at 10 Provost has done an excellent job of keeping the building in like-new condition and updating amenities like the gym based on resident feedback,” Spain said.
Some of 10 Provost’s best homes have never been seen online. As 10 Provost continues to gain more attention, Brian is offering previews of the units he is selling off-market so that potential buyers can quickly schedule a showing and secure their next home.
For buyers looking for a home in the northwest corner, Unit 1109 This two bedroom, two bathroom home offers approximately 1,200 square feet of living space with stunning views of Manhattan and the river. This home comes with a storage room, the largest of any two bedroom home at 10 Provost, parking, and only one owner.
Coming Soon Unit 1108 Located on the southwest corner of 10 Provost. This two-bedroom, two-bathroom home offers nearly 1,200 square feet of living space and an oversized kitchen. This beautiful home offers views of the Statue of Liberty and has only had one owner.
If you are looking for an extra large home, you can purchase units 1108 and 1109 together and combine them into a luxury home.
Unit 01 is also coming to market soon. This two-bedroom, two-bathroom home is located on a north-facing lot with east-facing views and includes parking. In addition, the sellers of all three units will pay a 2% fee to the buyer’s agent.
Completed in 2018 by Toll Brothers, 10 Provost is one of the first high-end apartment buildings in Jersey City’s Powerhouse Arts District. Brian Spain emphasizes that the building’s appeal lies not only in its high-end finishes and prime location, but also in the community feel that truly makes it feel like home. “What makes 10 Provost special is the hospitality of the community,” Brian notes. “Newcomers are welcomed, and neighbors often mingle outside the building, whether they’re drinking in downtown Jersey City or strolling along the waterfront.”
With 242 apartments and over 27,000 square feet of amenities, 10 Provost has been thoughtfully designed to meet the demands of modern living. Outdoor amenities encourage relaxation and socializing, with the building featuring a rooftop pool, landscaped roof garden, courtyard, and sundeck with BBQ facilities, outdoor fireplace, and TV. Indoor amenities are equally appealing, with a private resident lounge, party room, fitness center with yoga studio, meeting room, pet spa, and children’s playroom. The building also offers a convenient 24-hour concierge and bicycle storage.
10 Provost is located in the Powerhouse Arts District’s Provost Square pedestrian plaza, just a 10-minute walk from the Hudson River waterfront and offers easy access to local transportation including the Grove Street PATH. There are also numerous dining and retail options nearby, as well as parks and recreational opportunities.
Brian Spain is currently the #5 ranked agent in New Jersey with Coldwell Banker and is in the top 1.5% of agents in the U.S. based on sales volume by RealTrends. As a passionate resident of 10 Provost, he provides a full range of real estate services, but especially enjoys helping sellers prepare their homes for listing so they can get the best outcome. He genuinely cares about his neighbors, which is one of the most rewarding things about working and living at 10 Provost. While Brian is based in Jersey City most of the time, his team covers the entire state of New Jersey, New York, and Pennsylvania (with locations throughout the U.S.).
For more information or to view the upcoming units at 10 Provost Street, please contact Brian Spain of Coldwell Banker at (646) 964-8165 or (email protected).
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