Development Opportunity Near Train
For Sale
$1,600,000
213-217 Stuyvesant Ave, Lyndhurst, NJ 07071
L-shaped lot near train station, prime for development.
Property Size5,000 SF
Price / SF$320
Days on Market197
Property Features for 213-217 Stuyvesant Ave
General Information
Standard status
Active
Size
5,000 SF
Taxes and HOA fees
Annual Taxes
$24,289
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Michael Dunn
(201) 693-6278
Source:
Exprealty
Added: Mar 28
Changed: Oct 3
Last Checked: Oct 9 at 11:07PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
The sale includes properties at 213-217, 219, and 221 Stuyvesant Avenue. The building at 213-217 Stuyvesant Ave is approximately 5000 square feet and currently houses an operating dry cleaner. 219 Stuyvesant Ave is currently used as a parking lot, with a driveway that exits onto a private drive leading to Court Avenue. 221 Stuyvesant Ave is a vacant, paved lot that includes a detached oversized garage. This L-shaped lot is located two blocks from the new train station and municipal park. The property is suitable for development. The property will be sold as-is. Square footage and lot lines are approximate, and the buyer is responsible for performing their own due diligence.
Key Highlights
- Prime development opportunity due to L‑shaped lot and multiple parcels.
- Proximity to new train station and municipal park (two blocks).
- Includes an operating dry cleaner business in a 5000sf building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,366
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,427,320
$1.4M
Cap Rate 7%
$1,019,514
$1.0M
Cap Rate 9%
$792,956
$793.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$108.0K $21.60/SF
− Vacancy
−$6.0K −$1.21/SF
EGI
$102.0K $20.39/SF
− OpEx
−$30.6K −$6.12/SF
NOI
$71.4K $14.27/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,427,320
Cap Rate 7%
$1,019,514
Cap Rate 9%
$792,956
Alternative Uses
Best Use
Retail
$1.02M
$892.1K – $1.19M
NOI $71,366 @ 7.0% cap · market cap 4.46%
Second Best
Industrial
$801.7K
$701.5K – $935.4K
NOI $56,121 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,237
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 88%
Shops & Services 12%
Burger King
Dining
26,026 visits/mo
0.4 miles
Starbucks
Dining
13,674 visits/mo
0.4 miles
Sunoco
Shops & Services
5,386 visits/mo
0.4 miles
Demographics for 07071, NJ
22,519
Population
9,839
Households
2.3
Avg Household Size
40
Median Age
40%
College-Educated
90%
High-School Grad
4.6 sq mi
ZIP Area
4,895
Density / Sq Mi
$109,021
Median Household Income
$65,401
Median Earnings
$1,719
Median Rent
$496,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - L-shaped lot near train station, prime for development.
Where is this storefront property located?
The property is located at 213-217 Stuyvesant Ave Lyndhurst, 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 development opportunity due to L‑shaped lot and multiple parcels.; Proximity to new train station and municipal park (two blocks).; Includes an operating dry cleaner business in a 5000sf building.
