$3,000,000 Price Analysis    ♡   Lyndhurst, NJ 07071 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.69 acre lot. Listed 2024-04-24 | Ⓧ USDA Ineligible due to property near Lyndhurst |
Welcome to this 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-thnking investors and developers. The property, currently undeveloped, offers immense potential for the creation of affordable housing units a particularly attractive prospect given Contemporary 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!
Presented by Thomas "Chopper" Russo at
RE/MAX SELECT.
Property MLS #3897956 from GardenState
Number of Lots: 3
Lot Size Square Feet: 30056
Calculated Total Monthly Association Fees: 0
Source Listing Status: Active
County: Bergen
Directions: Ridge Rd to NY Ave
Tax Year: 1950
Source Property Type: Lots and Land
Source System Name: C2C
$3,000,000
GardenState
Water Source: Public Water in Street
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.