Hoboken Condo Sells For Nearly $5M, Setting Record

HOBOKEN, NJ — A Hoboken condominium with views of the Manhattan skyline just sold for $4.75 million, setting a townwide record, said agents representing the buyer and seller.

The unit is located in the Hudson Tea complex, a former Lipton Tea factory that was converted to condos starting in the 1990s.

Peter Cossio of The Hudson Realty Group at Brown Harris Stevens represented the seller, while Michael Kotler of Move Ahead Homes at New and Modern Group represented the buyer.

Several previous sales records were set in 2022 when condos in mile-square Hoboken were sold for more than $4 million each. Cossio represented the largest of those sales at the time, $4.65 million for a condo at 1500 Garden St., a block from the Tea buildings.

The latest sale — 1500 Hudson St., 11FG — is actually two condos that were combined into one, resulting in a corner loft with unobstructed views of the Hudson River.

"Not many homes with unobstructed views of the Manhattan skyline all the way up to the George Washington Bridge come available in Hoboken," Kotler, who lives in the complex, told Patch on Tuesday. "And most that do are two-bedrooms. To have four bedrooms, with an estimated 3,000 square feet, is incredibly rare."

The Hudson Tea buildings have a 24-hour concierge, gym, resident lounge, and a shuttle to the Hoboken train station.

Giants Quarterback Lived There

The building has attracted celebrities such as former Gov. Jon Corzine and former Giants Quarterback Eli Manning.

Manning combined three units for his home, then sold it in 2018 for $3.55 million. (Agents confirmed that the newest sale was not Manning's former pad.)

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