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163 Park St Montclair, NJ 07042

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Pending
$1,600,000

Spacious multifamily residence near Watchung Plaza and NYC train.

Lot size:
0.80 Acres

Property Features for 163 Park St

General Information

Property type
Multi Family
Standard status
Pending
Lot size
0.80 Acres

Building Details

Year built
1887

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Listing Contact
Dana Farber Schwern
Source: Elliman

Listing Agent: Dana Farber Schwern

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Multifamily Residence in Prime Location

This expansive multifamily residence, currently configured as a 5-unit investment property, is situated on a spacious, flat lot within a single-family zone. The property includes ample parking, featuring 4 garage spaces (one currently rented for $125 per month) and space for each tenant to have 2 outdoor spots. Located approximately 0.3 miles from Watchung Plaza shops, cafes, and the NYC direct train, it is also near the Walnut St Farmer's Market. The property offers the flexibility to remain a 5-family residence or be converted into a single, 2, 3, or 4-family home. Each unit has separate utilities, and paid laundry is available in the basement. The surrounding neighborhood features beautiful homes, making it suitable for a single-family conversion or new construction. Four units are currently rented on a month-to-month basis, and the 3rd-floor unit is vacant. The property is being sold in strictly AS IS condition.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Montclair
County
Essex
State
New Jersey
Longitude
-74.20977
Latitude
40.8253687

FAQs

What type of property is this?
Apartment building - Spacious multifamily residence near Watchung Plaza and NYC train.
Where is this apartment building located?
The property is located at 163 Park St Montclair, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Prime location: just .3 miles to Watchung Plaza shops, cafes, and NYC direct train.; - Multifamily residence with conversion potential to single, 2, 3, or 4-family home.; - Expansive property on a spacious, flat lot with generous yard space.
More about this property
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