Hoboken Photo of the Day - Weird place for a house

Today's Hoboken Photo of the Day shows one weird place for a house near the 1600 Park location. The building is owned by Mark Settembre former partner in URSA who has been a developer in Hoboken and elsewhere over the years. Do you think this is a good investment given the location? Chime in your thoughts below.....

Here is my assessment on the location:

PROS: 

• View of NYC from third floor.
• Near site of potential park.
• No neighbors nearby if that is your thing.
• Owner probably got the property at a steal.

CONS:

• By a viaduct.
• Little privacy.
• By train racks.
• Crappy roads to the house.
• Traffic and noise. 
• Pollution. 
• Garbage strewn about in surrounding area. 
• Irate taxpayers could demand 30 foot fence put up to obstruct view of potential park from house. :)

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Hoboken Photo of the Day - Weird place for a house