571-577 New York Avenue

Lyndhurst, NJ 07071

$3,000,000
Price
30,056 / 0.69
Lot Size / Acres

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...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. Many opportunities available!
  1. Listed by Thomas Russo • RE/MAX SELECT - Oakland • (201) 337-5555

Property Details for 571-577 New York Avenue

Waterfront
None

Location

Listing Courtesy of RE/MAX SELECT - Oakland, Thomas Russo
Add your commute
LISTING UPDATED: 04/24/2024 10:14 AM

Property Details for 571-577 New York Avenue

StatusActive
MLS #24012217
Days on Market10
Taxes$60,278 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Residntl
Year Built-
Lot Size0.69 AC
CountyBergen County

Location

Listing Courtesy of RE/MAX SELECT - Oakland, Thomas Russo
Add your commute

Building Information for 571-577 New York Avenue

Building Size-Lot Size0.69 AC

Payment Calculator

$21,395 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,372

Property Taxes

$5,023

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 571-577 New York Avenue

Summary
Location and General Information
  • Area: 0232
  • Area name: Lyndhurst
  • Zone: Residntl
  • Flood plain: None
  • Street Name: New York
  • Topography: Level
  • County Name: BERGEN
  • Status: ACTIVE
  • Zip Code: 07071
Taxes and HOA Information
  • Tax: $60,278
  • Tax ID: 023200023 00033
Property
Lot Information
  • Lot: 31,32,33
  • Improvements: Cleared, Graded Flat, Subdividable
  • Wetland: No
  • Num of Lots: 3
  • Average Acres: 0.69
  • Block: 00023
Property and Assessments
  • Photo: Y
  • Photo Number: 21
  • CourtAppYN: No
Interior and Exterior Features
Interior Features
  • Full Baths Total: 0
  • Num of Baths: 0.0
Agent
Sale and Listing Information
  • Search Class: LND
  • List Price: $3,000,000.00
  • Listing Date: 04-24-2024
  • Status Date: 04-24-2024
Showing Information
  • Internet Remarks: 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. Many opportunities available!

Property History for 571-577 New York Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 571-577 New York Avenue

This home is within Lyndhurst School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 4 to 8
Public - 9 to 12
Public - 3 to 5
Rating
School
Distance
Columbus Elementary School
PublicK to 2

Lincoln Elementary School
Public4 to 8

Lyndhurst High School
Public9 to 12

Jefferson Elementary School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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571-577 New York Avenue is a 0.69 ac of land for sale in Lyndhurst, NJ 07071. This property was listed for sale on April 24, 2024 by RE/MAX SELECT - Oakland, it's currently listed at $3,000,000. This listing's school district is Lyndhurst School District. Nearby schools include Columbus Elementary School, Lincoln Elementary School and Lyndhurst High School. 571-577 New York Avenue is a 0-bed, 0-bath, 0.69 ac of land on a 30,056 sq. ft. / 0.69 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX SELECT - Oakland, Thomas Russo

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/04/2024 09:49 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.