Mortgage rates below 3 percent available during special event at the Montrachet in Bayonne, NJ

Feb. 9, 2011 - PRLog -- HOBOKEN, NJ, FEBRUARY 9, 2011 – Prospective buyers, who are ready to make that move to ownership, should attend the special “Don’t Be Left Out in the Cold” Homebuyer Event 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 newly opened Hudson-Bergen Light Rail Transit System into Jersey City and New York City.  According to Coldwell Banker New Homes & Condominiums, one of the nation’s largest award winning residential brokerage firms, this special reception will take place at the Montrachet on Thursday, February 17, 2011 from 3 p.m. to 8 p.m.  Attendees will learn about an exceptional 5/1 ARM, 2.875 percent adjustable rate FHA mortgage as they enjoy refreshments and a tour of the new two-bedroom, two bath condominium residences.

What’s more, courtesy of the builder, 151 Avenue C Development, LLC, buyers who go into contract by the end of March 2011 will receive their Primary Mortgage Insurance (PMI) paid for the first year and a one year pass for the new light rail which provides a 17 minute ride to downtown Jersey City and a 23 minute commute to Exchange Place to connect to Manhattan.

During this special event, prices at the Montrachet will start from $299,000 and units are available for quick delivery.

“Don’t miss out on this exceptional opportunity to own a home at an achievable price,” states Coldwell Banker New Homes & Condominiums Vice President David Schoner. “This event offers prospective buyers, and renters, the ability to take advantage of mortgage savings.  Unlike renting, owning a home provides more tax benefits and investment potential.  We all have heard the news – interest rates are portended to increase. Now it the time to lock in, save and start enjoying the dream of owning a home and the many benefits that go along with it.”

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 Co-Site Manager Grisselle Martinez, part of the Gold Team at Coldwell Banker in Hoboken, prospective buyers will enjoy the unique lifestyle found at the Montrachet. She explains, “Visitors enter a grand salon entry just like a majestic southern mansion.  An elevator takes owners to the upper levels where each unit not only accentuates the grandeur of the building, but also offers 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 all of this and more,” notes Mazzaferro.

Prospective condo buyers and even current renters should attend the “Don’t Be Left Out in the Cold” Homebuyer Event at the Montrachet in Bayonne on Thursday, February 17, 2011 from 3 p.m. to 8 p.m.  Units are also 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 www.cbnewhomesandcondos.com.

Coldwell Banker Residential Brokerage in New Jersey and Rockland County, New York, a leading residential real estate brokerage company, 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. (www.coldwellbankermoves.com) 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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Coldwell Banker New Homes & Condominiums is an integral part of Coldwell Banker Residential Brokerage in New Jersey and Rockland County, New York. The award winning firm provides strategic marketing, sales and trend analysis for the new home industry.