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57 Park Ave Summit, NJ 7901

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For Sale
$2,100,000

Five residential units in prime Summit location with value-add potential.

Type:Commercial
Property size:
4,300 SF
Lot size:
0.08 Acres
Added:
Mar 26, 2026
Days on Market:
7
Last Refresh:
Mar 26 at 8:10 pm

Property Features for 57 Park Ave

General Information

Standard status
Active
Size
4,300 SF
Lot size
0.08 Acres
Property subtype
Commercial

Building Details

Year Built
1910

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Listing Contact
PHILIP DATTOLO

Listing agent PHILIP DATTOLO License #NJ 2295393

Listing office HIGHMARK REAL ESTATE

Listing date Mar 26, 2026

Source Corcoran

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 HIGHMARK REAL ESTATE


Overview

Summit Multifamily Investment Opportunity

This multi-family property is located in Summit and features five residential units. The unit mix includes two 1-bedroom apartments and three 2-bedroom apartments. The property is situated minutes from downtown, shopping, dining, and major transportation. The basement includes an additional 2-bedroom layout, presenting the opportunity for a sixth unit, subject to approvals, including transitioning to 4A zoning. The property also features a well-maintained common laundry area equipped with two coin-operated machines.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Summit
County
Union
State
New Jersey
Longitude
-74.3460479
Latitude
40.7137335

FAQs

What type of property is this?
Apartment building - Five residential units in prime Summit location with value-add potential.
Where is this apartment building located?
The property is located at 57 Park Ave Summit, NJ.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Value‑add opportunity to create a 6th unit from existing basement layout (subject to approvals and zoning changes); Prime Summit location, close to downtown, shopping, dining, and major transportation; Strong rental demand area, ensuring consistent occupancy
More about this property
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