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Listed by Thomas Russo • RE/MAX SELECT - Oakland • (201) 240-5200

$3,000,000

Est. payment - /mo

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Contingent

571-577 New York Avenue Lyndhurst, NJ 07071

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Isaac De Castro

idecastro@bhsusa.com +1(646) 626-7901

UPDATED:

10/07/2024 01:20 PM

Key Details

Property Type Single Family Home

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID 24012217

Annual Tax Amount $60,278

Property Description

Welcome to 571-577 New York Ave, an exceptional development site situated in the heart of Lyndhurst, NJ. With its favorable RB zoning, expansive lot size of approximately 30,000 square feet, and close proximity to the Kingsland Train Station, this property presents an outstanding opportunity for forward-thinking investors and developers. The property, currently undeveloped, offers immense potential for the creation of affordable housing units a particularly attractive prospect given New Jersey's new affordable housing laws. With the ability to accommodate an estimated 40-60 units or 6 two-family homes, this site aligns perfectly with the state's commitment to expanding access to affordable housing options. Strategically positioned near the Kingsland Train Station, commuting residents will enjoy seamless access to major transportation routes, including NYC-bound trains, buses, and highways. Many opportunities available!

Location

State NJ

County Bergen

Area Lyndhurst

Zoning Residntl

Exterior

Waterfront Description None

Improvements Cleared,Graded Flat,Subdividable

Building

Architectural Style Other

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Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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Isaac De Castro

571-577 New York Avenue Lyndhurst, NJ 07071

Isaac De Castro

Key Details

Location

Exterior

Building

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571-577 New York Avenue