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Own for What You Pay in Rent through Special All In Ownership Program at the Montrachet in Bayonne, NJ

Tuesday, November 23, 2010 / Coldwell Banker New Homes & Condominiums

HOBOKEN, NJ, NOVEMBER 23, 2010 – An “All In Ownership Program” is underway at the Montrachet, a grand southern-inspired collection of townhomes at the corner of Avenue C and 5th Street in Bayonne, NJ, just a few blocks from the light rail into New York City.  According to Coldwell Banker New Homes & Condominiums, one of the nation’s largest award winning residential brokerage firms, qualified prospective buyers can own a new two-bedroom, two bath unit at the collection from only $2,050 per month through a special five year adjustable rate FHA mortgage through Wells Fargo & Company, one the nation’s largest community-based financial services company.  Prices at the Montrachet start from $299,000 and units are available for quick delivery.


“This special All In Ownership Program,” explains Coldwell Banker New Homes & Condominiums Vice President David Schoner, “offers prospective buyers, and even current renters, the ability to own a new unit at an achievable price. The monthly payment includes the mortgage, taxes and fees and is lower than what many would pay in rent for a comparable unit. We applaud the builder, 151 Avenue C Development, LLC, and Wells Fargo & Company for working together on this exceptional offer to help buyers achieve their dream of owning a home and the many benefits that go along with it.”


Schoner further explains that unlike renting, owning a home provides more tax benefits and investment potential.


The Montrachet is another project by the talents of Al Sambade and his team of seasoned professionals.  According to Schoner, “Al and his team of architects and planners are pioneers in creating condominium collections that add a new dimension to thriving urban areas with existing and at times historic residences.  Like the successful renovation of Victory Lofts on West 30th Street in Bayonne, they build condominiums with the latest techniques and brand name materials.  The results are stylish homes that provide affordable value with popular eco-friendly features.”


The Montrachet already is 30 percent sold, attracting a lot of attention due to its unique use of traditional architectural elements indicative of a bygone era in Bayonne’s historic downtown area.  Wrap around porches with balustrade railings, dormers, tall trimmed windows, and a widow’s peak roofline all accent the brick and sided building, which perfectly blends with the notable homes and shops that are revitalizing Bayonne’s enduring downtown area.  According to Al Sambade, one of the project’s principals, “We wanted to create the look and feel of the majestic era of southern living for condo buyers.  When they come home, it’s like walking into their own mansion with a grand salon entry and elevator taking them to one of the upper levels.”


Co-Site Manager Grisselle Martinez, part of the Gold Team at Coldwell Banker in Hoboken, agrees, “Each unit not only accentuates the grandeur of the building, but also offers its owners a world of luxury and convenience.  Owners enjoy a free flowing floor plan with birch, walnut and cherry inlaid floors; high ceilings; oversized Pella windows and sliding patio doors; and designer light fixtures.  The entry foyer leads into a large gathering room with beautiful views.  The fully equipped kitchen is functional and stylish with plenty of designer maple cabinetry, granite countertops, stainless steel GE appliances and a breakfast bar overlooking the living area.”


Owners love to relax in one of the two spacious bedrooms with large or walk-in closets and two full baths with tumbled stone walls, marble floors and stone topped vanity.  Martinez points out that one bathroom features a Jacuzzi tub with marble surround and the other offers a glass enclosed shower stall.  For owner’s convenience, each unit also features a stackable washer and dryer and individually controlled central air conditioning and heating.  Depending on the unit, owners enjoy an outer balcony.  Other features of the building include indoor parking with individual storage space, an exercise room with gym equipment, and a common area library perfect for reading and quiet relaxation.


The Montrachet 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.  “With its downtown location, the Montrachet is close to the Bayonne Bridge and the Hudson-Bergen Light Rail Transit System,” notes Mazzaferro.


Prospective condo buyers and even current renters should take advantage of the “All In Ownership Program” underway at the Montrachet in Bayonne.  Units are available for tour by appointment.  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 New Homes & Condominiums is an integral part of Coldwell Banker Residential Brokerage in New Jersey and Rockland County, New York, a leading residential real estate brokerage company, which operates more than 60 offices with over 3,600 sales associates serving 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.


Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet ( and, and other distribution channels across North America and internationally. With more than 278,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked #19 on Fortune’s 2009 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.


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