57 Day StCity of Orange, NJ 07050

Exceptional development opportunity in Orange, NJ, presents a fully approved plan for a 97-unit apartment building. This 32,695 sq ft lot, zoned under the North Main Street Redevelopment Plan, offers a 6-story building design encompassing 17 studio, 24 one-bedroom, 35 two-bedroom, and 21 three-bedroom units. The project includes 106 parking spaces, conveniently divided between a 65-space covered garage on the ground floor and a 41-space covered garage on the second floor. Building amenities are extensive, featuring a reception area, common lounge, lobbies, elevator, and stair access. The second floor also boasts a screening room and additional amenity spaces. The total gross building square footage is 152,788, reflecting a well-designed, efficient structure. The property is being offered vacant, with a PILOT (Payment In Lieu Of Taxes) agreement already in place, eliminating the need for affordable housing units. This presents a unique opportunity for immediate development and strong return on investment, given its prime location—a 5-minute walk from Orange Station. The project's comprehensive design, ample parking, and desirable amenities position it for immediate success in a thriving market.