Crystal Point Condos Spark Added Interest With Tax Abatement

Jersey City is renowned for attracting those residents seeking more for less compared to Manhattan

. In the past decade, the city has become more progressive with designing new housing communities and condominium buildings on the same wavelength as those offered in Manhattan. However, not until recently has a building successfully gained this level of status and prominence.

Crystal Point condos, still in the process of being completed fully, has burst onto the Jersey City condo scene boasting a remarkable flair and elegance that is unmatched by any other property in the area. Home buyers have certainly taken notice.

For prospective home owners and investors that have been eyeing the stylish units at Crystal Point, a huge new incentive has presented itself. The property was granted 30-year tax abatement by the city, a significant development for the posh condo building, which was previously approved with 20-year abatement.

It seems as if the Crystal Point condo community is the only one in its class and category to feature such an opportunity. Other buildings, such as another Luxury condo building 77 Hudson, have not been as fortunate. 77 Hudsons proposal for 30-year abatement was denied by Jersey City Mayor Jerramiah T. Healy and the city council, and consequently the buildings 20-year abatement will remain. Furthermore, Mayor Healy stated that the award or modification of tax abatements is not a matter of right, demonstrating that the city is not in the business of administering unnecessary grants. This, of course, creates a unique selling position for Crystal Point.

With sweeping views of lower Manhattan, intimate floor plans, and luxurious amenities, Jersey Citys Crystal Point condos are fast becoming a desirable community for residents worldwide. Additionally, the buildings smart technology, intricate interior accents, and sparkling glass exterior also appeals to New York City transplants. Now, with the 30-year tax abatement, Crystal Point condos has widened its target market as additional investors and home buyers are being lured by the prospect of new savings.

Jersey Citys Crystal Point condo building enjoys its highly-desirable location directly on the Hudson River. Only three blocks away from the Exchange Place PATH train station and Light Rail stop, Crystal Point is conveniently situated in Jersey City, only minutes away from the flashing lights of New York City.

by: David Wrenn

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