$ 3,000,000
571-577 New York AVE Lyndhurst, NJ 07071
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Listed by Thomas Russo • RE/MAX SELECT - Oakland • (201) 240-5200
$ 3,000,000
Est. payment | /mo
$ 3,000,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Listing Status Active
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
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Carlos "Alex" Jesus
Broker | Lic# 9798051