A couple of months after Jersey City’s latest luxury rental, Ellipse announced pricing on its rentals, developer LeFrak has launched leasing on the 41-story building’s 381 apartments. In addition, we’re also getting a look at some of the first interior renderings for this project.
Apartments here come in studios through three-bedroom variants, though there are a couple of four-bedroom units as well, which constitute two of the five penthouse apartments up for grabs here.
Prices start at $2,600 per month for a studio with three-bedrooms starting at $5,300 per month. Penthouse units start at $5,721 per month for a three-bedroom and at $8,211 per month for a four-bedroom. In comparison, the average rent on all apartments in all of Jersey City stands at just under $2,900 per month as of February 2017, according to Rent Jungle.
So what does all of that money get you at this development in the Newport section of Jersey City, overlooking the Hudson River?
The apartments here come fitted with floor-to-ceiling windows, oak-plank hardwood floors, stainless steel appliances in the kitchen, quartz countertops, and walk-in closets in some of the apartments. In addition all apartments here come with washer & dryers, and climate control thermostats.
Those pricey rents will also afford tenants access to a ton of amenities including an outdoor pool and terrace that comes with a barbecue area and a fire pit, a fitness center, a game room, a children’s playroom, and a co-working multipurpose lounge—all of which spans 24,000 square feet.
Right outside the luxury rental is the 4.25-acre Newport Green park which “features the only urban beach on the Hudson River in addition to a 17,000-square-foot playground, 30,000-square-foot turf field, a boardwalk, and free Wi-Fi.” In addition, the Newport PATH Station, the Newport Center Mall, and the Newport River Market are all close by to this Arquitectonica-designed building at 25 Park Lane South.
Construction is nearing the finish line and the first set of residents are expected to move in sometime this summer.