571-577 New York Avenue, Lyndhurst, NJ

$3,000,000

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About 571-577 New York Avenue

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!

Features of 571-577 New York Avenue

MLS® # 24012217
Price $3,000,000
Type Land
Status ACTIVE

Community Information

Address 571-577 New York Avenue
City Lyndhurst
County BERGEN
State NJ
Zip Code 07071

Amenities

Is Waterfront Yes
Waterfront NONE

Exterior

Lot Description GRADED FLAT, SUBDIVIDABLE, CLEARED

Additional Information

Date Listed April 24th, 2024
Zoning Res

Listing Details

AgentThomas Russo
OfficeRE/MAX SELECT - Oakland

Listing Map

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