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.
Patrick Varelas
RE/MAX SELECT
