Warehouse-Showroom Space Kearny NJ

Up for Sale or Rent is this 22,000 SF retail-showroom warehouse on Passaic Ave. Consisting of 6,000 SF of retail-showroom space and the remainder warehouse.

The property sits on a .56 acre parcel, in the MXD (Mixed-Use District) and Kearny Urban Enterprise Zone.

The building has Loading/Delivery access via: 1-Drive-in/roll up, 1-interior tailgate. Ceiling height/clearance is 20′ in the main area warehouse. Features include a wet sprinkler system and 800 amp service.

• Sale Price: $2,150,000.00
  Taxes (2010 Est.): $26,393.00 ($1.20 Per Sq. Ft.).

• Lease Rate: $7.50 P/SF at  NNN lease terms.

Call Feist & Feist Associate George Gervasi for more details.
973-309-2906 or 908-696-1500 x21

2 Bedroom, 2.5 bath Townhouse in Society Hill Basking Ridge

Located at 384 Penns Way in Society Hill is this 2 bedroom, 2 and a half bath Townhouse offered by weichert.

2 Bedroom Townhome Society Hill (click on photo for more information)

The interior townhome features a spacious layout with an eat-in kitchen,  brick wood-burning fireplace and minor updates.

Wood-Burning Brick Fireplace

Society Hill has many amenities such as an in-ground pool, biking  and walking/running paths and tennis courts. For more information, please call sales agent George Gervasi at 973-309-2906. Or email george306@exit24-7.com

Spring Ridge Real Estate Services – Associate George Gervasi
I specialize in the buying and selling of homes within the Spring Ridge, Society Hill and the Cedars in Basking Ridge, NJ. Whether you are purchasing or selling a home, town house or condominium, I will help you find a property to meet your price and lifestyle needs.

3 Bedroom Ranch Home in Manville NJ

For sale by Central Jersey Realty is this 3 bedroom, 2 bath brick ranch style home located in Manville Borough. (not in the flood zone!) $264,750

Front-Side view

The home features a 1-car garage, W/W Carpet Over Hardwood floors, Pocket Doors, New Kitchen Floor, Summer Kitchen in Basement, Jacuzzi Style Tub in the Main Bath and Recessed Lighting in Living Room.

For more details and information, call or email Sales Associate George Gervasi at 973-309-2906 / george306@exit24-7.com

Spring Ridge Real Estate Services – Associate George Gervasi
I specialize in the buying and selling of homes within the local areas of Somerset County NJ. Whether you are purchasing or selling a single family, home, townhouse or condominium, I will help you find a property to meet your price and lifestyle needs.

Home Repairs and Maintenance

Seasonal Maintenance & Repairs

Spring has finally sprung so it’s time to give your property a bit of TLC by  performing some Preventative Maintenance. (PM for short)

For in-depth articles on PM, both inside and out, click on the Prevenative Maintenance link for articles on property maintenance and care. Also, you can watch a short 3 minuite video below.

48 Stevens Street Bernardsville, NJ For Sale

Chuck Hendershot of Exit Realty Group in Bernardsville Borough is offering a well kept single family home located just blocks from the town center of Bernardsville, NJ. This home five bedroom home, includes three full baths, hardwood floors, a fireplace, full basement and a two-car garage.

Features

• Total Baths: 3
• Bedroom 1: 15×13
• Bedroom 2: 15×12
• Bedroom 3: 15×12
• Bedroom 4: 15×9
• Heating: Gas-Natural,1 Unit, Baseboard – Hotwater, Multi-Zone
• Lot Description: .25AC
• Sub-Type: SinglFam
• Roof: Asphalt Shingle
• Dining Room: 15×12
• Family Room: 23×16
• Kitchen: 15×12
• Living Room: 24×15

• Master Bedroom: Full Bath
• Bonus Room: Office
• Services: Cable TV Available
• Sewer: Public Available
• Siding: Brick, Vinyl Siding
• Tax Amount: $6,765
• Utilities: Electric, Gas-Natural
• Water: Public Water
• Fireplace: 1
• Garage: 2-Car, Attached Garage
• Basement: Finished, Walkout, Yes
• Rooms: 12
• Style: Expanded Ranch,

Holly Pring and Charles Hendershot are top agents in Bernardsville, NJ.  They specialize in the purchase of homes in Bernardsville, Basking Ridge, Bedminster, Bridgewater, Far Hills, Chester, Mendham and Peapack-Gladstone.  Visit our website for real estate listings for sale in Bernardsville, New Jersey and surrounding towns.

FANNIE & FREDDIE WANT $95 BILLION DOLLARS FROM U.S. TAX PAYERS IN 2009 ALONE

The U.S. housing market continues to slide in one of the darkest abysses in the nations history. New home sales have plummeted, existing home sales posted a record low in January as well. Home prices are dropping like a rock from the sky and foreclosures are running wild. While shadow inventory is set to flood the market this year, producing a bigger glut of unsold homes, which will drive sale price and volume even lower.

Now Fannie Mae, the largest mortgage provider in the U.S. has reported enormous losses topping $74 Billion Dollars for 2009.  Earlier in the week, Freddie Mac posted a $21.6 billion loss for 2009. Combined, that is a MASSIVE $95 BILLION DOLLARS lost from both government sponsored institutions. $95 Billion in tax payer  monies WASTED and SQUANDERED by corrupt, thieving politicians and suits running these two fraudulent entities.

Fannie Mae spokesperson said they will seek an ADDITIONAL $15.3 Billion in additional funds from the U.S. government this year. The firm has already received $59.9 billion in aid from the so-called stimulus. When you total the amount of tax payer money GIVEN to both publicly funded institutions, it is a STAGGERING $170 BILLION DOLLARS. That’s $170 Billion STOLEN from the American tax payers by Fannie and Freddie alone. How about the Billions more given to all the BANKS who have also stolen tax payer money- via TARP and stimulus? The auto makers? And other many various companies and entities as well.

How many BILLIONS upon BILLIONS are we, the American Tax Payers in debited for? How much more are we going stand for? How much longer before the public stops voting for these same CRIMINALS in BOTH parties- who KEEP stealing OUR money and LYING to us. Where is the conservative movement, at a time when America truly needs it?

The corruption and financial problems with Freddie and Fannie are just the tip of the iceberg. Isn’t it interesting that NO ONE in the socialist mainstream media has done any type of investigative reporting on the suicide of Freddie chief financial officer David B. Kellermann, in April of 2009. Why is that? The cover up behind the real story must be mind blowing. The layers and layers of corruption that are waiting to be uncovered must be staggering. But, has anyone in the obama run media bothered to vet out the real story? No. Instead, the State-run media falls inline and follows orders, the new order from comrade change and his socialist minions.

Barney Frank, Chris Dodd and host of other criminal executives and politicians are so deeply embedded in corruption with these two institutions and yet no one seems to care. When will be the time to care? Will it be after the left-leaning U.S. government installs State-Run Health Care? Will it be when the jobless rate reaches 20%? Again, where is the conservative movement at a time when America truly needs it.

What happened to the American values of hard work and self-sustainability? What happened to the America from the 1940′s through the 1950′s? A time when our country was at its BEST, with a strong, proud work ethic, solid family values and the staunch will to further democracy? It seems to be gone for now, taken away by the dangerous progressive liberal socialists, the minority groups of the very, very wealthy, the very poor, the corrupt unions, and all of the special interest groups who DO NOT represent the majority of America. -Taken by the brain-washed who believe that a platform of European styled Socialism is the right path for our Nation. Tragically, they are hugely and deadly mistaken.

The Albatross – forever (and still) aloft…

National News

U.S. unemployment easing…

Gotcha. Well that’s a line that many Americans wish they could believe in. It is certainly something that the White House (of lies) wants to be able to lay claim to- considering how much they professed that “the unemployment situation is not as bad as the media had everyone thinking”

Well folks, the reality is that unemployment is still WORSENING. Today’s initial jobless claims reveal that first time unemployment filings are up AGAIN- to a whopping 482,000. Some leading economists were quoted as “surprised” Surprised? Really?

For such book-smart individuals, some of these so-called leading experts are common-sense stupid, plain and simple. There is NO job creation or restoration, there is NO improvement as of yet.

Retail sales are way down, foreclosures are way up and 35 million+ out of a job workers are suffering. Surprised? Yes, we are surprised by the continuation of insulting comments from such highly paid people.

The U-6 rate now stands at nearly 18%. That’s EIGHTEEN PERCENT and yes, you heard correctly- 18% of the workforce unemployed.

The puppets over at the Labor Department are stating that latest rise is due to the supposed backlog of paperwork over the Christmas holiday. But don’t be fooled by the on-going rhetoric and lies that is coming from the DC puppet masters on the left.

The fact is that the WH and the labor department underestimated the number of would-be workers filing for continued claims from the previous two weeks. The amount of claims are now catching up with the true number of jobless claimants- which continue to rise.

Regional News

For awhile, New Jerseys residential foreclosure ranking hovered around 21st in the nation, but todays latest data will certainly place the Garden State much higher. Foreclosures have jumped an enormous 29% from 2008 to 2009. 62,775 homes in NJ were foreclosed in 2009, according to RealtyTrac.

Couple that with the ‘shadow inventory’ of pending residential foreclosures, the tide of commercial foreclosures and 33 year record-high unemployment in New Jersey and it all adds up to a disaster. Commercial foreclosures alone rose by a stunning 68%!

As more and more retailers falter, offices close their doors as layoffs continue, that number is only going to increase. Unfortunately, there is no good news on the horizon either. Pending personal debt, consumer credit, wages, production, cpi, food and fuel prices, sales and inventories will all yield negative data in the coming months and Q1 reports.

It’s just common sense. No jobs, means no income. No income means loss of assets.  RE has stated over and over and over again; Jobs are the core of the economy- nothing else. 70% of the U.S. economy is, or was consumption. No longer folks. Unsustainable without…hold it, wait for it…ding, ding, ding, ding, ding! Final answer, Jobs.

Inflation Up, Sales Down, Jobless Claims Up…yet again.

Round and round we go…when the pain stops…nobody knows…

Twenty five months into the worst recession since the Great Depression- still no relief on the horizon.

In case you were confused by the pompous distortion coming from Washington (especially the left) RE will clarify the FACTS for you. The Department of Labor stated that the Consumer Price Index rose 0.1% last month, after increasing 0.4% in November. This mainly due to a RISE in food and energy costs. Great, gasoline prices are double of what they were a year ago and now food prices are climbing. Just what the American public needs right now.

Well, maybe we can offset the inflation with that raise we are all expecting, right? Oh no, that’s right. Wages have DECREASED, as real hourly earnings fell in December.

Some more sobering news,  retail sales in December fell 0.3% and excluding autos, sales decreased 0.2 percent. This was the biggest yearly sales drop on record. How about auto sales? Oh yes, they are falling just as predicted- once the CARS program ended.

Now to the employment scene, or lack thereof. Jobless claims INCREASED by 11,000 last week. Gee, only 440,750 persons applied for initial jobless benefits. What? What? What? How is that possible (asks a dumbfounded pelosi, reid, obama and the rest of the peanut gallery on the left)

Oh but wait. The rhetoric claims that even though unemployment CONTINUES, it’s slowing. Oh, I  s e e. Wow, that must be great news for the nearly 35 million total unemployed (U-6) workers in the U.S. Whew, what a relief.

Well how about housing? There must be some good news in the housing sector, no? No. Foreclosures for 2009 hit an all-time  record high with 2.8 million properties seized. For 2010, most predictions are even worse as a new crop of homeowners will fall into delinquency- because of a LACK of JOBS. Simply put, the unemployed are not going to be able to avoid impending foreclosure.

So while the left attempts to distract the public with health care and such, making outrageously false claims about adding two million jobs, etc. America keeps declining. Slowly but steadily, further declining. Folks, there is no good news at all, economically and/or socially. Things are very bleak for the majority of the country, without an immediate end in sight.

Initial Jobless Claims (unexpectedly?) RISE in U.S. – soar to 474,000

Stop the presses! Hold the line! Brace for impact!

Shocking news out of the nations capitol this morning….the Commerce department, the DOL, BLS and the puppets in D.C. are stymied. It seems that for the first week of December- Intial jobless claims actually…(wait for it, wait for it…) ROSE!

Crazy to think, but actually true! Claims increased by 17,000 – to a total of 474,000.

I know. We are as puzzled as anyone. I mean the anointed one, only a day ago, hailed that the economy was improving and jobs would be restored! Well, if comrade obama say’s so…it MUST be true, right?

This latest increase in claims is yet another clear sign that most companies- as reported are not moving temporary workers into permanent jobs, nor are they ending layoffs. Expect even higher numbers in January, as companies continue to trim their workforce and the economy slips further south.

And in another shocking turn, the stock market (insert laughing expression) reacted negatively to the news. Wow, who would have guessed that!? What is going to happen when the commercial real estate sector plummets into obscurity? Or when the foreclosure rate sky rockets in 2010? Ahh, perhaps the street will find some positive news in phony stock buy-backs or a 0.001 percent increase of some company’s profit margin…

Speaking of phony. As our nation is on the brink of financial disaster, when we need our elected officials to find a solution to repair and restore the labor market, they fiddle. Focusing on the largest fraud in the history of the world- so-called man-made global warming. They deflect and play dinner theater trying to destroy health care. They even have time to worry about the BCS. Good to know that Washington is looking out for the 35 MILLION total (u-6) unemployed citizens of our country, eh.

das vidanya

A Falseness will always bring a falling away…

The latest housing data shows that U.S. home sales have risen about 21% from October 2008, while the median price has fallen another 7%- to about $173,000. While the news may appear to be good, don’t be fooled by the mirage in the desert.

The rhetoric of a “housing recovery” or “the worst is over”  that is coming from a contingent of agents/brokers, bankers, politicians and economists are simply lies. Their principles are false and their arguing deceptive, there is no recovery of the housing market- yet.

But there are a few bright, logical analysts who understand the market, market  analyzation and business cycles. Those who can parse out artificial statistics and know how to apply the proper metrics and valuation techniques in order to provide true data. Patrick Newport, an economist with IHS Global Insight stated, ”The only reason we’re seeing good numbers is because of government policies, along with record low home prices- that are propping the market up,” “Housing is still fundamentally weak.”

Still fundamentally weak. Of course sales are going to increase, give a buyer $8,000 (in cash) coupled with extremely low prices and there will be activity. News flash- Once the government welfare runs dry and more jobs are lost, sales will die. Loans will falter. Foreclosures will rise. Recovery? Not in your wildest, do-nothing, easy money-making, real estate agent dreams.