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Colonial landmarks, contemporary living
Although New Providence was first settled in 1720, its real development did not begin until the 1950’s. While a number of historic structures remain, the borough is characterized by sheltered cul-de-sacs, spacious lawns and homes built for the active, modern family. Recreational programs and facilities are plentiful and the public schools are the community’s pride. A lively village center offers a mix of retail shops, personal services and a diverse choice of restaurants. New York City is an easy commute via bus or by rail.
Fast Facts:
Established: 1899
Population: 12,000
Size: 3.7 square miles
Housing: Victorians, Colonials, Split-levels, Ranches, Townhomes, Condominiums
Attractions: The New Jersey Youth Symphony, The Suburban Community Music Center   Commuter Information:
 The New Providence Train Station is located at 803 Old Springfield Avenue. This station is served by the Gladstone Branch with service to Hoboken Terminal and to Penn Station in Midtown Manhattan via Secaucus Junction. Service begins at 5:41 AM and ends at 1:28 AM. Holiday and weekend service runs from 6:34 AM to 2:33 AM.
Parking permits for the New Providence station are available to residents only for a yearly cost of $250. There is currently no wait list and permits may be obtained from the Clerk’s Office (908) 665-1400. Residents must show proof of residency with either a driver’s license or car registration. Resident permits can be used for parking at either the New Providence Train Station, located on the corner of Springfield Avenue and Pittford Way, or the Murray Hill Train Station. There is no metered non-resident parking at the New Providence parking lot. Permits are required and enforcement is on a daily basis. A parking permit sticker does not guarantee that a parking spot will be available.
The Murray Hill Train Station is located in New Providence on Foley Place, between Floral Avenue and Southgate Road. This station is served by the Gladstone Branch only. Service begins at 5:38 AM and ends at 1:31 AM. Holiday and weekend service runs from 6:31 AM to 2:36 AM.
Parking permits for the Murray Hill station are available to residents of New Providence for a yearly cost of $250 and a limited number for non-residents for the 2nd quarter of 2007 for a quarterly cost of $250. There is currently no wait list and permits may be obtained from the New Providence Clerk’s Office (908) 665-1400. Residents must show proof of residency with either a driver’s license or car registration. Resident permits can be used at either the New Providence Train Station or the Murray Hill Train Station. Non-resident permits can only be used at the Murray Hill Train Station. There are 2 parking lots available to commuters. The lot on the corner of Southgate Road and Foley Avenue is permit parking only. The lot on Floral Avenue offers both permit and metered parking. The daily metered parking spaces are for non-permit holders and are available on a limited basis. The cost is $5 a day. The Borough of New Providence also sells Smart Cards in increments of $100. These cards are used at the parking pay box at the Floral Avenue parking lot.
Financing Your Home >Buying Cooperatively
Today it is becoming quite common for friends to pool their resources to buy a larger home than either of them could afford alone. Some builders cater specifically to this group of buyers by offering homes with two "master suites" instead of the more typical room arrangement. If you are considering a joint purchase, you and your buying partner should outline clearly your agreements about your shares in the down payment, the monthly mortgage payments, and what you will do if one of you decides to move out.
Before committing to a property, sit down with a real estate professional to discuss your options. Should you take possession as joint tenants? Will you have a 50/50 interest in the property, or should the interest be adjusted to reflect each person's share of the down payment or the monthly mortgage payment? Your agreements with your buying partner should be clearly expressed in writing.
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| Q |
Into what category do forty-four percent of home buying households fall?
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| A |
Forty-four percent of home-buying households are made up of married couples with dependents. |
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