571-577 New York AveLyndhurst, NJ 07071

Property Details for 571-577 New York Ave

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 30,253 square foot development site, located at 571-577 New York Avenue in Lyndhurst, New Jersey, presents a compelling investment opportunity. Zoned RB, this property offers significant potential for both commercial and residential development. Its prime location near the Kingsland Train Station provides convenient access to major transportation routes, including NYC-bound trains, buses, and highways. The site's proximity to local amenities, such as a nearby ShopRite, further enhances its appeal. Given the current demand for affordable housing in New Jersey, this site is ideally suited for a multi-family residential project, potentially accommodating 40-60 units or six two-family homes, subject to necessary approvals. The strong demographics of Lyndhurst and its vibrant community make this a highly attractive location for new residents. This undeveloped land presents a rare chance to capitalize on the growing need for housing in a thriving New Jersey market. The asking price for this significant property is $3,000,000. This is a unique opportunity for developers and investors seeking a high-potential project in a desirable location. The property is privately owned.

Location Insight

City

Lyndhurst

County

Bergen

State

New Jersey

Latitude

40.8126

Longitude

-74.1174

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