Portofino
Portofino is one of Newport’s established waterfront condo addresses: marina-side living, larger layouts, and settled financials minutes from the PATH.
Portofino is the tower on the marina: 26 stories and about 290 homes standing where Second Street meets the water, with the boats below the east facing windows and the skyline behind them, a heated outdoor pool, a deeded garage space with every home, and dues that include the internet. It was completed around 2000, which puts it past its abatement and into settled financials, and it offers larger layouts than the newer Newport towers at a lower price per square foot. Buyers who want the marina view without the new construction premium end up here.
Building facts
| Address | 1 Second Street, Jersey City, NJ 07302, also listed as 65 Second Street (Newport waterfront, on the marina between Crystal Point and Mandalay on the Hudson) |
|---|---|
| Completed | 2000 |
| Developer | Roseland Properties |
| Architect | Schuman, Lichtenstein, Claman and Efron |
| Height | 26 stories |
| Residences | About 290 condominiums, studios to three bedrooms |
| Typical sizes | Studios about 645 sq ft; one bedrooms about 600 to 920; two bedrooms about 1,000 to 1,330; three bedrooms about 1,030 to 1,500 |
| Ownership | Condominium |
| Property taxes | Full city taxes; recent listings show annual tax lines from roughly $10,500 to $28,000 depending on size and assessment, which is what a building past its abatement looks like |
| HOA dues | About $0.93 per square foot per month, with recent listings from about $690 to $1,065 a month averaging about $750, with water, hot water, high speed internet, the gym, the pool, the lounges, the playroom, the grills, and the 24 hour concierge included; confirm the current figure and inclusions on any listing |
| Parking | One garage space with each home; confirm on the deed |
| Pets | Allowed, with association rules |
| Amenities | 24 hour doorman and concierge, heated outdoor pool with skyline views, fitness center, residents’ lounge and clubroom, business and conference rooms, children’s playroom, landscaped private park with grills, rooftop terrace, garage |
| Interiors | Hardwood floors, oversized windows, high ceilings, open kitchens, in unit washers and dryers, terraces on many homes; the east facing homes look over the marina to the skyline and the harbor |
| Transit | Newport PATH about eight minutes on foot (33rd Street line) and Exchange Place PATH about eight minutes (World Trade Center line); the Harborside and Newport ferries; the Hudson-Bergen Light Rail at Harborside and Newport |
| Neighborhood | The Newport marina: the waterfront walkway at the door, Newport Green and the Newport shopping and grocery stores a few blocks north, the Harborside towers and Exchange Place a few blocks south, Crystal Point and Mandalay as neighbors |
What Portofino is like to live in
The marina is the amenity nobody can build: boats below the window, the walkway along the water, and the skyline across the river from the east facing homes. The building itself is a full service tower with a heated pool, a real gym, a clubroom, a playroom, and a park with grills, and the dues cover the internet, which is a small thing that buyers notice. Every home has a garage space. The residents are downtown professionals who work in Exchange Place or the Financial District, families who use the pool and the playroom, NYC transplants who wanted the marina at a Jersey City price, and an investor share that rents to the same crowd. The trade offs are the finishes in original homes, which are more than 20 years old, and a lobby and corridors that show their age next to Crystal Point.
The lines and floors that set the price
Exposure first: the east facing homes over the marina carry the premium, and the southeast corners, which take in the marina, the harbor, and Lower Manhattan, are the best in the building. Height second: above roughly the twelfth floor the view opens past the neighboring towers. Layout third: the larger two bedrooms near 1,200 to 1,330 sq ft and the three bedrooms are the reason to choose Portofino over the newer towers, where the same money buys less space. Terrace fourth. Renovation last: a renovated kitchen and bath inside a 2000 building is the difference between the top and the middle of the band.
Sales context
I have sold more than 30 homes in the Newport and Exchange Place towers around Portofino, including 18 at 75 Park Lane and five at 99 Hudson, which are the buildings Portofino buyers cross shop, and I price Portofino against them on space per dollar and the true monthly number. For context, in the summer of 2026 one bedrooms of about 780 to 800 sq ft were asking $599,000 to $649,000, and rentals ran from about $3,350 to $4,900 a month. The building’s price band runs from the high $500,000s for studios and small one bedrooms to about $1.6 million for the largest marina view homes.
What buyers should know
Confirm the tax line with the assessor; this should be a full tax building, and the listing figure should match. Confirm the parking on the deed. Read the association’s financials and reserve study with care, because a 2000 tower with a pool and a garage is on its second replacement cycle for some systems, and settled financials are only a strength when the reserves are funded. Then compare the true monthly number and the square footage with Crystal Point, Mandalay, and 75 Park Lane; Portofino usually wins on space and the marina, and a renovated east facing home here is one of the better values on the Newport waterfront.
What sellers should know
Your buyer cross shops the whole Newport waterfront, so the pricing has to anticipate the new construction comparison and win on space, the marina, the parking, and the monthly number. Lead with the view and the square footage, show a renovated home as renovated, and price from the building’s own closed history by exposure and floor rather than from the waterfront average.
Quick answers about Portofino
Does Portofino have parking?
Yes, one garage space with each home; confirm on the deed for any unit.
What are the HOA fees at Portofino?
About $0.93 per square foot per month, with recent listings from about $690 to $1,065 a month, including water, hot water, high speed internet, the gym, the pool, the lounges, the playroom, and the 24 hour concierge; confirm the current figure on any listing.
Does Portofino have a pool?
Yes, a heated outdoor pool with skyline views, alongside a fitness center, a clubroom, a children’s playroom, and a private park with grills.
Does Portofino have a tax abatement?
No; the building is past its abatement and listings show full city taxes, with recent annual tax lines from roughly $10,500 to $28,000 depending on size. Confirm with the Jersey City Tax Assessor for any unit.
Which homes at Portofino have the best views?
The east facing homes over the marina above roughly the twelfth floor, and especially the southeast corners, which take in the marina, the harbor, and Lower Manhattan.
How close is Portofino to the PATH?
About eight minutes on foot to either Newport (33rd Street line) or Exchange Place (World Trade Center line), with the Harborside and Newport ferries and the light rail also nearby.
Nearby buildings
Crystal Point · Mandalay on the Hudson · 75 Park Lane · The Shore Club, North Tower · The Shore Club, South Tower · 77 Hudson
Tools for this building
Condo carrying cost calculator · NJ seller net sheet · Jersey City Abatement Checker · What HOA fees cover in a Jersey City condo
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
Newport-wide comps for Portofino: 908-227-8226.