This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
This Land Property is no longer advertised on LoopNet.com.

571-577 New York Ave
Lyndhurst, NJ 07071
New York Ave Development Site · Land For Sale · 0.69 AC

INVESTMENT HIGHLIGHTS

  • Heavy Foot Traffic
  • Subject to approvals possible
  • Many options available

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Senior
  • Apartment Units - Subsidized
Total Lot Size 0.69 AC
Zoning RB - RB zoning - one and two family homes

DESCRIPTION

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. This convenient location enhances the property's appeal and further underscores its potential for residential development. Lyndhurst boasts a vibrant community and strong demographics, making it an attractive destination for new residents seeking modern, affordable housing solutions. With its proximity to urban amenities, recreational facilities, and reputable schools, this property is poised to meet the needs of a diverse and dynamic population. Whether you're a seasoned developer looking to capitalize on the burgeoning demand for affordable housing or an investor seeking to diversify your portfolio, 571-577 New York Ave presents an unparalleled investment opportunity in a rapidly growing market. Don't miss out on this rare chance to shape the future of Lyndhurst's residential landscape. Contact us today to learn more about this exceptional development site and secure your position in one of New Jersey's most promising real estate markets.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 32-00023-0000-00031
  • 32-00023-0000-00032
  • 32-00023-0000-00033
Land Assessment
$1,242,500
Improvements Assessment
$300
Total Assessment
$1,242,800
  • Listing ID: 31574499

  • Date on Market: 4/22/2024

  • Last Updated:

  • Address: 571-577 New York Ave, Lyndhurst, NJ 07071

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}