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For Sale

$3,000,000

571-577 New York Avenue, Lyndhurst, NJ 07071

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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!
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 wi...
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Area & Lot

MLS® ID
24012217
Type
Land

Exterior & Building

Lot Features
Cleared, Level

Finance

Reduced Price
Price Upon Request
Real Estate Taxes
$60,278/yr
Zoning
Residential
571-577 New York Avenue

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Work With Kim

Licensed in New Jersey and previously a broker in Colorado and Maryland, RE/MAX Select agent Kim Damion offers 24 years of combined real estate and marketing experience backed by substantial credentials.