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2 Meyer st 1.04 Acres of Residential Land Offered at $5,800,000 in Elmwood Park, NJ 07407
Investment Highlights
- 58 Units Approved - Building permits in place
Executive Summary
Property Facts
| Price | $5,800,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 1.09 AC |
| Zoning | 4A - Commercial | ||
| Price | $5,800,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.09 AC |
| Zoning | 4A - Commercial |
1 Lot Available
Lot
| Price | $5,800,000 | Lot Size | 1.04 AC |
| Price Per AC | $5,589,558.70 |
| Price | $5,800,000 |
| Price Per AC | $5,589,558.70 |
| Lot Size | 1.04 AC |
58 Unit approved site with 93 parking spaces on 1.04 acres. Building plans are approved with building permit in place.
Description
58 Unit approved site with 93 parking spaces on 1.04 acres. Building plans are approved with building permit in place. No additional approvals required. 50-1 bedroom apartment, 8- 2 bedroom units. Includes 9 affordable units (8 1 bedroom & 1 -2 bedroom). 93 parking spaces- includes 67 "covered spots". NJDOT, Stormwater Authorization, Soil Erosion all approved Percolation and soil boring report as well as building and site plans are available for review. Construction can begin immediately. Pro forma and unit breakdown are available for review. No wetlands, Not in Flood Zone. 58 Unit approved site with 93 parking spaces on 1.04 acres. Building plans are approved with building permit in place. No additional approvals required. 50-1 bedroom apartment, 8-2 bedroom units. Member of LLC is Licensed NJ Real Estate Broker.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,176,500 | Total Assessment | $1,176,500 |
Property Taxes
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2 Meyer st
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