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Waterfront - Waterfront Living w/ Pool, Gym, Parking

$2,000 NEW!

Photo of 20 2nd Street, Jersey City, NJ, 07302.

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Address: 20 2nd Street	City/ST: Jersey City, NJ	Zip Code: 07302
Location: 20 2nd Street	Property Type: Condo	New or Resale: Resale
Square Footage: 675	Bedrooms: 1	Bathrooms: 1
MLS# 100002659	Monthly Rent Estimate: $2,000

Live in the Magnificent Mandalay on the Hudson in the beautiful downtown Jersey City waterfront. Spacious One bedroom with AMAZING view of the NYC skyline and Empire State Building. Washer/dryer in Unit. Elevator Building with 24 hour doorman. Outdoor pool, gym, community room, playground, and parking included. Close to PATH and shopping as well!!

Last Updated: 8/12/2010 3:54:56 PM

Listing Agent and Office: Laura Ana Knecht, Knecht Properties, LLC

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Tax Considerations >Taxpayer Relief

Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate. The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.

Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.

Consult your tax advisor for advice regarding your particular circumstance.

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Q	Where and when was the first motel introduced on the American commercial real estate scene?
A	The first motel, appropriately named the "Motel Inn", opened in San Luis Obispo in 1925.
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Laura Ana Knecht, REALTOR�, real estate agents and broker for Hoboken, Jersey City and Weehawken, New Jersey home listings, property and land for sale - NUMBER1EXPERT

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Hoboken, NJ 07030
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