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 |
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Price | $3,000,000 |
Type | Land |
Status | ACTIVE |
Community Information
Address | 571-577 New York Avenue |
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City | Lyndhurst |
County | BERGEN |
State | NJ |
Zip Code | 07071 |
Amenities
Is Waterfront | Yes |
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Waterfront | NONE |
Exterior
Lot Description | GRADED FLAT, SUBDIVIDABLE, CLEARED |
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Additional Information
Date Listed | April 24th, 2024 |
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Zoning | Res |
Listing Details
Agent | Thomas Russo |
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Office | RE/MAX SELECT - Oakland |