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Live Tax Free Incentive Now Available at Victory Lofts in Bayonne, NJ

Wednesday, February 24, 2010 / Coldwell Banker New Homes & Condominiums



HOBOKEN, NJ, FEBRUARY 24, 2010 – Taxes may be a fact of life, but for a fortunate few who go into contract on a new condo at Victory Lofts in Bayonne, real estate taxes will be one less thing to think about.  According to Coldwell Banker New Homes & Condominiums, one of the nation’s largest, award winning residential brokerage firms, the community is hosting a special Live Tax Free Event at this elegant collection of one- and two-bedroom loft-style units set in an historic brick building at 63 West 30th Street.  Builder 63W30, LLC will pay for the real estate taxes for two years for qualified buyers who purchase by April 15, 2010.  The community is also FHA approved and prices start from the low $200,000’s.


What’s more, qualified first time buyers can receive a tax credit of up to $8,000 and up to $6,500 for qualified repeat home buyers.


“This represents an exceptional opportunity to own a new condo in a thriving community just a short ride to New York,” explains Coldwell Banker New Homes & Condominiums Vice President David Schoner.  “With more than 50 percent of the community already sold and quick delivery available, we urge prospective home buyers to visit Victory Lofts today and take advantage of the tax savings.”


Al Sambade, one of the project’s principals, concurs.  “We are proud to help home buyers, particularly first timers, any way that we can.  That is why we are giving our buyers a piece of mind by paying for their real estate taxes for two years.  With our FHA approval, qualified buyers with good credit can put as little as 3.5 percent down.  First time home buyers, too, can still take advantage of the $8,000 tax credit, providing even more savings.  It all adds up to a perfect time to buy a condo and start enjoying the rewards of homeownership.”


Victory Lofts has become a sensation in Bayonne, a city renowned for its shopping, sea port and close proximity to New York.  It is one of the town’s oldest and most endearing brick structures with oversized windows, beautiful open interiors, and expansive high barrel and cast iron beamed ceilings indicative of the turn of the century Modern architectural movement.


Yet, the building is a unique hybrid, offering the best of the past with the most of today.  Sambade, who is also a principal of DAL Design Group, the project’s architect and one of the area’s renowned architectural and engineering firms, explains, “We have been involved in numerous historic renovation projects throughout the state, and found this particular building to be truly a diamond in the rough.  It was built after World War I and aptly named the ‘Victory’ building.  It served as the home to the Knights of Columbus for more than 80 years.  My team and I carefully looked at this history and what we could retain from the simple yet elegant design.  We then added the features today’s professional level condo buyers desire in a new unit.  By combining the best of both, and incorporating eco-friendly features to further the value of the building, we feel we have created a fashionable and reasonable cosmopolitan choice right here in Bayonne.  Victory Lofts rivals units found in New York, but at a more affordable price.”


According to Co-Site Manager Grisselle Martinez, part of the Gold Team at Coldwell Banker in Hoboken, the excitement of Victory Lofts begins with its impressive brick exterior and continues inside in the entry lobby with high detailed ceilings which lead to the elevator to the four levels of the building.  “Each unit enjoys loft-style spaciousness with high ceilings ranging from 11 to 22 feet.  The UV treated oversized windows bring in lots of natural light, adding to the loftiness of the homes and not diminishing possible damaging rays that can destroy fabrics and furnishings,” describes Martinez.


Martinez points out owners appreciate each unit’s eco-friendly features such as bamboo floors, low VOC paint, Energy Star appliances, energy efficient HVAC systems and hot water heaters.  “Owners love the open floor plan with living area and kitchens with custom maple cabinetry, granite countertops, travertine marble backsplash and GE stainless steel appliances,” states Martinez.  “Bedrooms are spacious, yet comfortable and offer plenty of closet space.  The marble tiled baths are elegantly appointed with granite topped vanities, vessel sinks and soaking tubs.”


Other features include a gym and indoor parking garage.


Victory Lofts is complimented by its exceptional location in Bayonne – a city that’s home to tree lined streets, classic ethnic cuisine, quaint shops and bars, excellent private and public schools, and a small town appeal.  “Bayonne is actually a peninsula, creating one of the state’s most active seaports,” explains Co-Site Manager Francesco Mazzaferro, part of the Gold Team at Coldwell Banker in Hoboken.  “The Royal Caribbean Cruise line leaves from Bayonne’s Cape Liberty Peninsula Terminal.  However, that is not the only recreation that its residents enjoy.  There are more than 17 playgrounds and 15 parks as well as the Bayonne Golf Club.”


For commuters, Bayonne is home to the award winning Bayonne Bridge which connects to Staten Island and New York.  Other routes include 440 and 78 which connect to the New Jersey Turnpike, and Routes 1 and 9 provide an easy commute to New York City.  “Bayonne is also home to the Hudson-Bergen Light Rail Transit System,” notes Mazzaferro.


Prospective condo buyers, who would love to Live Tax Free, should tour the available units at Victory Lofts at 63 West 30th Street in Bayonne during special Open Houses on Saturdays and Sundays from 1 p.m. to 4 p.m.  For further information, please contact Co-Site Managers Grisselle Martinez and Francesco Mazzaferro, part of the Gold Team at Coldwell Banker in Hoboken, at (201) 798-3300, by cell at (201) 725-5903 or visit


Coldwell Banker Residential Brokerage in New Jersey and Rockland County, New York, a leading residential real estate brokerage company, operates 68 offices with more than 3,500 sales associates serving all communities from Rockland County, N.Y. to Monmouth County, New Jersey. Coldwell Banker Residential Brokerage in New Jersey and Rockland County, N.Y. ( is part of NRT LLC, the nation’s largest residential real estate brokerage company.  NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices.


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