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107 Old Palisade Rd - 8-10 Multi-family Development | R7-A Zoning 0.14 Acres of Residential Land Offered at $895,000 in Fort Lee, NJ 07024
Investment Highlights
- As-of-Right Multifamily Development Opportunity in a prime Fort Lee location
- R7-A Zoning, potential for 10+ residential units across 3–4 stories
- Offered at $999,000, positioned for developers targeting Bergen County demand
- 100’ x 62’ Vacant Parcel, clean slate with no demolition costs
- Approx. 0.25 Miles to the George Washington Bridge, strong NYC commuter connectivity
- Assemblage Potential with 45 Main Street, enabling a larger 30–40 unit development footprint
Executive Summary
107 Old Palisade Avenue, Fort Lee presents a rare as-of-right multifamily development opportunity in one of Bergen County’s most strategic locations. The 100' x 62' vacant parcel offers a true clean slate, with no demolition costs and a more direct path to execution.
Zoned R7-A, the property is well suited for an 8 to 10 unit multifamily development across approximately 3 to 4 stories, subject to final architectural plans and design.
Located just about one-quarter mile from the George Washington Bridge, the site offers exceptional access to Manhattan and all major highways, a key driver of both rental and condominium demand in this market.
For those seeking additional scale, the property can also be assembled with the adjacent 45 Main Street, creating a larger combined footprint with the potential to support a more substantial multifamily project, further enhancing density, efficiency, and overall value.
Zoned R7-A, the property is well suited for an 8 to 10 unit multifamily development across approximately 3 to 4 stories, subject to final architectural plans and design.
Located just about one-quarter mile from the George Washington Bridge, the site offers exceptional access to Manhattan and all major highways, a key driver of both rental and condominium demand in this market.
For those seeking additional scale, the property can also be assembled with the adjacent 45 Main Street, creating a larger combined footprint with the potential to support a more substantial multifamily project, further enhancing density, efficiency, and overall value.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $895,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.14 AC |
| Property Type | Land | ||
| Zoning | R7-A - R7-A in Fort Lee, which permits high-density residential development, primarily mid- to high-rise multifamily apartment buildings. | ||
| Price | $895,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.14 AC |
| Zoning | R7-A - R7-A in Fort Lee, which permits high-density residential development, primarily mid- to high-rise multifamily apartment buildings. |
1 Lot Available
Lot
| Price | $895,000 | Lot Size | 0.14 AC |
| Price Per AC | $6,392,857.14 |
| Price | $895,000 |
| Price Per AC | $6,392,857.14 |
| Lot Size | 0.14 AC |
The property is zoned R7-A in Fort Lee: 6200 SQ FT LOT. Adjacent LOT also for sale.
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Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 19-04355-0000-00031 | Improvements Assessment | $0 |
| Land Assessment | $280,000 | Total Assessment | $280,000 |
Property Taxes
Parcel Number
19-04355-0000-00031
Land Assessment
$280,000
Improvements Assessment
$0
Total Assessment
$280,000
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107 Old Palisade Rd - 8-10 Multi-family Development | R7-A Zoning
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