Asking Price $3,000,000
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!
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Listing Broker:
RE/MAX SELECT - Oakland
(201) 337-5555
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real Estate listings held by brokerage firms other than Kurgan-Bergen Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Last date updated: 05/08/24 Source: New Jersey Multiple Listing, Inc. Some real estate firms do not participate in Internet Data Exchange © and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. All information deemed reliable but not guaranteed. © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.
Information herein is deemed reliable but not guaranteed.
