Five-year reserve planning My HOA Budget

Hoboken, New Jersey condo association

Unclaimed profile

Maxwell Place

Maxwell Place is a condo association in Hoboken, New Jersey. This profile tracks monthly dues $600–$1,500/mo, 495 units, built in 2006, managed by FirstService Residential, reserve study status not yet verified, along...

condo Public records Reserve health: Unknown Browse Hoboken communities New Jersey reserve laws

Profile 67% complete — source gaps remain

HOA dues, reserve study, and community facts

Units 495
Year built 2006
Monthly dues $600–$1,500/mo
Reserve health Unknown
Management FirstService Residential
Active listings 5
Median sale price $1.38M

Amenities

PoolGymConciergeDoormanRooftopParking garageElevatorPlayground

Board and management

No board roster is listed in the cited sources.

Reserve study and funding

We do not have reserve study details on record for Maxwell Place. Review the editable example below before treating any forecast as community-specific.

Review editable example

5-year outlook

What changes this five-year example?

Special assessments can run into thousands per unit when major work outruns reserves. This starts with the known numeric values listed below, then lets you change every example before relying on the result for Maxwell Place.

Reserve-health labels, year built, and New Jersey law summaries are not used to change the solver numbers.

Editable assessment example Adjustable dues increases Five-year reserve projection
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Known values applied: unitCount -> unit count; duesRange lower bound -> annual dues revenue.

Editable examples, not community facts: starting reserve: editable example scaled from unit count at $15k/unit; annual operating expense: editable example scaled from annual revenue at 84%.

Local calculator

Five-year reserve projection from reviewed numbers

Start with the example, enter figures by hand, or review local files before applying values. Nothing here is uploaded or saved by MHB. This example is not a reserve study, a funding-sufficiency conclusion, or an assessment prediction.

5-year ending reserve$9.74MAbove example target

Use your figures

Review documents or enter the same values by hand.

Files are read only in this browser, are not uploaded, and are not stored by MHB.

Scenario figures can be entered manually or read from local files.

Budget

Dues revenue, operating expense, and unit count.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Reserve study

Starting reserve balance and scheduled capital work.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Assessment history

Assessment amount and projected year.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Enter figures manually

These whole-number fields match the document review fields. Changing them recomputes the projection immediately.

$0EXAMPLE TARGET - $1.0M202620272028202920302031$9.7M
Projection text equivalent
YearReserve balance
2026$7.42M
2027$7.90M
2028$8.29M
2029$8.45M
2030$8.98M
2031$9.74M
5%
4%

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Copy and CSV exports use reviewed numbers and caveats. The share link keeps only numeric controls.

Current ending balance$9.74M
Current lowest balance$7.90M2027
Ending deltaSave baseline

Save the current case before changing controls to compare ending balance, lowest balance, and yearly deltas.

Fields: manual entry fields; ending delta: 0; lowest delta: 0

Save a baseline before exact totals can be included. Until then, the handoff contains only field names and zero comparison bands for the current scenario.

Board member next stepTurn this scenario into a board-ready next step.

Send the reserve-planning context and keep the follow-up focused on board decisions.

Plan our next five years

About Maxwell Place

Maxwell Place is a 495-unit luxury waterfront condo complex in Hoboken across four buildings (1025, 1125, 1100, 1000 Maxwell Lane), built in phases from 2006 to 2019. Managed by FirstService Residential, the development offers direct Hudson River views and Manhattan skyline vistas.

What we know

  • Property type: Condo
  • Units: 495
  • Year built: 2006
  • Address: 1025 Maxwell Lane, Hoboken, NJ 07030
  • Management company: FirstService Residential
  • Monthly dues: $600–$1,500/mo
  • Active listings: 5
  • Median sale price: $1.38M
  • Amenities: Pool, gym, concierge, doorman, rooftop, parking garage, elevator, playground

Reserve health

Reserve health hasn’t been verified for Maxwell Place yet. Before you approve a budget, pay a special assessment, or close on a unit here, New Jersey law defines exactly what reserve records a condo must keep and what owners can request — see New Jersey condo reserve funding rules.

No reserve study or funding data has been verified for this community.

What’s still missing

To build a complete picture of this community, we’d need:

  • Reserve study date and reserve balance
  • Reserve funding percentage
  • Board roster
  • Assessment history

Verification note

This profile is based on the sources named in its profile footer. It has not been board-verified; confirm material facts directly with the association.

New Jersey laws that apply here

Condo board meeting notice

New Jersey condo board meeting notice rules, in plain language

How New Jersey's Condominium Act handles board meeting notice — 48 hours written advance notice plus physical posting on the property and filing with the business office, open meetings required except working sessions, and why owner participation remains at the board's discretion.

N.J.S.A. 46:8B-13 — New Jersey Condominium Act, bylaws and board meeting requirements Condo reserve funding

New Jersey condominium reserve funding rules, in plain language

How New Jersey's Condominium Act actually handles reserves — through mandatory fund-handling and accounting rules for reserve funds once identified, without itself imposing a reserve-study cadence or funding formula — and what that means for a board, owner, or buyer alongside the separate PREDFDA reserve-study overlay.

N.J.S.A. 46:8B-15(e) — New Jersey Condominium Act, reserve fund handling and accounting HOA board meeting notice

New Jersey HOA board meeting notice rules, in plain language

How New Jersey's Planned Real Estate Development Full Disclosure Act handles board meeting notice — 48 hours written advance notice for any meeting where a binding vote will be taken, open meetings required, and an annual schedule posting requirement.

N.J.S.A. 45:22A-46 and N.J.A.C. 5:26-8.12 — Planned Real Estate Development Full Disclosure Act and Radburn Law DCA regulations, executive board meetings Reserve funding

New Jersey HOA reserve funding rules, in plain language

How New Jersey's Planned Real Estate Development Full Disclosure Act and the 2024 Structural Integrity Law actually handle reserves — through a mandatory capital reserve study on a five-year cadence, a 30-year funding plan, credentialed preparer requirements, structural inspections for covered buildings, and a time-limited 85 percent reduced-funding option — and what that means for a board, owner, or buyer.

N.J.S.A. 45:22A-44.2 and 45:22A-44.3 (capital reserve study and reserve funding, as added by P.L. 2023, c. 214 and amended by P.L. 2025, c. 132) — Planned Real Estate Development Full Disclosure Act, plus C.52:27D-132.2 through 132.5 (structural inspections for covered buildings)

Profile verification status

This profile has not been claimed or verified by the board or property manager. Treat missing details as unknown, and confirm important facts directly with the association before relying on them.

Next step

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