The Sky Club
The Sky Club is one of Hoboken’s best value plays: tower amenities and skyline views at central-Hoboken pricing.
The Sky Club is the building I show to buyers who want a full amenity tower in Hoboken and do not want to pay waterfront prices for it. Two 17 story towers, an indoor pool, a gym with a skyline view, a 24 hour concierge, garage parking, and a shuttle to the PATH, at central Hoboken pricing that has run $100,000 to $300,000 below comparable homes on the water. I sold a two bedroom here in 2023 and the math has not changed much since: this is where value buyers end up.
Building facts
| Address | 700 First Street, Hoboken, NJ 07030 (central west Hoboken at First and Jackson, near the 2nd Street light rail) |
|---|---|
| Completed | 2004 |
| Developer and design | Manhattan Builders; Devino Architects + Associates |
| Height | Two towers of 17 stories |
| Residences | 326 condominiums, studios to three bedrooms, plus a few very large combined homes |
| Typical sizes | Studios about 600 to 700 sq ft; one bedrooms about 600 to 1,340; two bedrooms about 900 to 2,370; three bedrooms about 1,270 to 2,370 |
| Ownership | Condominium; full Hoboken taxes; no abatement |
| HOA dues | Recent listings show about $480 to $820 per month, averaging near $680; dues include water |
| Property taxes | Recent listings range from roughly $3,100 for the smallest homes to over $21,000 for the largest; a typical two bedroom sits in the low to mid teens. Confirm the figure on any unit |
| Parking | Attached garage; homes convey with one to three spaces depending on the unit, so check the deed |
| Pets | Allowed |
| Amenities | 24 hour concierge, indoor swimming pool and spa, fitness center with panoramic city views, community room, game room, children’s playroom, rooftop terrace, package room, bicycle storage, complimentary shuttle to the PATH |
| Transit | Hudson-Bergen Light Rail at 2nd Street (a few minutes’ walk) to Hoboken Terminal and Jersey City; the building shuttle to the PATH; a 15 to 20 minute walk to the Terminal; the 126 bus on Washington Street |
| Neighborhood | The western edge of central Hoboken: Southwest Park and the resiliency park a few blocks south, the ShopRite and the west side retail nearby, Church Square Park to the northeast |
What the Sky Club is like to live in
It is a proper tower: elevators, a staffed lobby, a pool you can use in January, and a gym you do not have to leave the building for. The east facing homes on the upper floors look over the rooftops of Hoboken to the Manhattan skyline, and the views from the 12th floor up are as good as anything on the west side of town. The west side location means you are closer to the light rail and the parks than to Washington Street, and it means the price per square foot is meaningfully lower than the waterfront’s.
The trade offs are honest. The building is twenty years old, so finishes vary from original to fully renovated, and the association is at the age where elevators, the pool, and the facade are on a replacement cycle. And flood risk is real on this side of town; the ground floor and garage are the exposure, the homes above are not, and the city’s Southwest resiliency work has changed the picture since Sandy.
What sets the price inside the building
Floor and exposure first. East facing homes above the tenth floor with skyline views trade at a premium to the same layout facing west or the courtyard. Renovation second. A renovated two bedroom with new kitchen and baths can trade $100,000 above an original finish home of the same size. Parking third. Homes with two or three deeded spaces are rare and draw families and car owners who cannot find that anywhere else in Hoboken. Layout last but not least: the building has an unusual number of floor plans, including a few combined homes near 3,900 sq ft, and efficient two bedrooms live larger than their square footage.
Documented sales at the Sky Club
My own closing, public record and listed on my Track Record page:
| Unit | Year | Price |
|---|---|---|
| 12E | 2023 | $867,000 |
For context, in the summer of 2026 two bedroom homes were asking $785,000 (unit 9RS, 1,220 sq ft), $799,898 (unit 16PN, 1,141 sq ft), and $915,000 (unit 6H, 1,268 sq ft), and rentals ran from about $4,000 to $9,500 per month. Against a $1.2 million to $1.5 million price for a similar two bedroom at 1400 Hudson or Maxwell Place, that is the value argument in one line.
What buyers should know
Buy the view or buy the value, and know which one you are doing. Ask for the association’s reserve study, the last two years of financials, and any special assessment history; in a 2004 tower with a pool, that is where surprises live. Confirm how many parking spaces convey and whether they are deeded. Confirm the flood designation and the association’s coverage. And run the true monthly number: at recent tax and HOA levels a $850,000 two bedroom carries roughly $1,500 to $2,000 per month in taxes and dues before the mortgage, which is why a lender counts dues the way it does.
What sellers should know
Your buyer is comparing you to the waterfront and deciding whether the discount is worth it, so make the discount visible: price from the building’s own closed sales, show the view if you have one, and put the pool, the gym, and the parking in the first three photos. Renovated homes should document the work; original finish homes should be priced as such and marketed on layout and light. Well priced Sky Club homes move in the first two weeks because the buyer pool for a full amenity building under $900,000 in Hoboken is deep.
Quick answers about the Sky Club
Is the Sky Club a good building to buy in?
For buyers who want a full amenity tower (indoor pool, gym, concierge, garage, PATH shuttle) at a discount to the waterfront, it is one of the best values in Hoboken. Do the association diligence a twenty year old building deserves.
What are the HOA fees at the Sky Club?
Recent listings show about $480 to $820 per month, averaging near $680, and dues include water. That is lower per square foot than the waterfront towers.
Does the Sky Club have a pool?
Yes, an indoor pool and spa, plus a fitness center with skyline views, a rooftop terrace, a game room, and a children’s playroom.
Is the Sky Club close to the PATH?
The building runs a complimentary shuttle to the PATH at Hoboken Terminal, the 2nd Street light rail stop is a few minutes’ walk, and the Terminal itself is a 15 to 20 minute walk.
What have homes at the Sky Club sold for?
I sold a two bedroom, unit 12E, for $867,000 in 2023. In mid 2026, two bedroom homes were asking $785,000 to $915,000.
Is the Sky Club in a flood zone?
The west side of Hoboken carries flood risk at street level; the building’s garage and ground floor are the exposure, and homes above carry only the association’s risk. Confirm the current FEMA designation and the association’s flood coverage.
Nearby buildings
The Upper Grand · Wonder Lofts · Southend Lofts · The Residences at W Hoboken
Tools for this building
Condo carrying cost calculator · NJ seller net sheet · What HOA fees cover in a Hoboken condo · Do you need flood insurance in Hoboken?
Reviewed August 2026 by Anthony Vetrano, Associate Broker. Building details are provided as general guidance and change over time; confirm specifics for any unit with your agent and attorney.
Know the building before you make your move
Value-focused comps for the Sky Club and central Hoboken: 908-227-8226.