Worried about NJ Real Estate Taxes?

It's not as bad as you think. All Cracker Factory lofts are eligible for a 5 year tax abatement. Your first year taxes will be around $1,000, and you'll save more than $15,000 over the 5-year term.

When the tax abatement expires it's still not so bad. You'll be able to deduct real estate taxes from your state and Federal income tax, which will reduce your net cost by nearly one-third.

Your Trenton Ferry loft will almost certainly cost less to own than you'd pay anywhere in New York City to rent an equivalent space. Taking the tax benefits into consideration, the equivalent NYC rent would need to be around $1,300 a month, even after the tax abatement expires, to equal the cost of ownership for CF-6. First year, the equivalent rent is under $1,000!

Do you think you could rent a 1,400 SF, two-bedroom, 2-bath loft, beautifully finished and equipped, including garden and garage, anywhere in NYC for around $1,300? Or even elsewhere in NJ?
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