Development Lot with 2-Family
For Sale
Contact for pricing
Pending
53 Fabyan Pl, Newark, NJ 07108
Double lot currently improved with a 2-family house, zoned R-3 for as-of-right construction of additional homes.
Lot Size0.14 Acres
Days on Market113
Property Features for 53 Fabyan Pl
General Information
Standard status
Pending
Lot size
0.14 Acres
Property subtype
Multifamily
Zoning
R-3
Additional Details
Highway Access
Yes
Multifamily Units
2
Listing Agency:
Jersey City-Weichert Realtors
(201) 333-4443
Listed By:
Natalie Esfandiari · License #1434331
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Jul 30 at 9:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jersey City-Weichert Realtors
Investment Insights
Based on property information with market context.
This development lot is currently configured as a double lot with an existing 2-family house. The property is listed for sale in as-is condition.
The site is zoned R-3. According to the provided information, an as-of-right redevelopment plan allows construction of two three-family homes. Buyer should note that they will be responsible for all certificates of occupancy and city certifications.
For buyers planning redevelopment, the current configuration and stated zoning basis provide a defined pathway for additional residential construction. Please contact the listing agent for more details and project-specific questions.
The site is zoned R-3. According to the provided information, an as-of-right redevelopment plan allows construction of two three-family homes. Buyer should note that they will be responsible for all certificates of occupancy and city certifications.
For buyers planning redevelopment, the current configuration and stated zoning basis provide a defined pathway for additional residential construction. Please contact the listing agent for more details and project-specific questions.
Key Highlights
- 50.6 ft x 117.4 ft average lot size, currently configured as a double lot with an improved 2‑family house
- R‑3 zoning with as‑of‑right allowance to build two 3‑family homes
- Convenient access to major highways, schools, and parks
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,532
Businesses Nearby
Explore this area
Business Placement
Demographics for 07108, NJ
28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Double lot currently improved with a 2-family house, zoned R-3 for as-of-right construction of additional homes.
Where is this duplex located?
The property is located at 53 Fabyan Pl Newark, NJ.
What are key features of this property?
This property features: 50.6 ft x 117.4 ft average lot size, currently configured as a double lot with an improved 2‑family house; R‑3 zoning with as‑of‑right allowance to build two 3‑family homes; Convenient access to major highways, schools, and parks
