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57 Day St City of Orange, NJ 07050

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97-Unit Apartment Project, Approved

Property Features for 57 Day St

General Information

Property type
Land

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Listing Contact
Gregory Edgell
Gregory Edgell

Listing Agency: Grid Real Estate LLC Listing Agent: Gregory Edgell

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

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Property Insight Report

Overview

Exceptional development opportunity in Orange, NJ, presents a fully approved plan for a 97-unit apartment building. This 32,695 sq ft lot, zoned under the North Main Street Redevelopment Plan, offers a 6-story building design encompassing 17 studio, 24 one-bedroom, 35 two-bedroom, and 21 three-bedroom units. The project includes 106 parking spaces, conveniently divided between a 65-space covered garage on the ground floor and a 41-space covered garage on the second floor. Building amenities are extensive, featuring a reception area, common lounge, lobbies, elevator, and stair access. The second floor also boasts a screening room and additional amenity spaces. The total gross building square footage is 152,788, reflecting a well-designed, efficient structure. The property is being offered vacant, with a PILOT (Payment In Lieu Of Taxes) agreement already in place, eliminating the need for affordable housing units. This presents a unique opportunity for immediate development and strong return on investment, given its prime location—a 5-minute walk from Orange Station. The project's comprehensive design, ample parking, and desirable amenities position it for immediate success in a thriving market.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Roseland Taxi Service Courier Service Orange Taxi Cab Courier Service Livingston Taxi Service Courier Service Maplewood Taxi Service Courier Service Glen Ridge Taxi ... Courier Service

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

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  • Local Demand
City
City of Orange
County
Essex
State
New Jersey
Longitude
-74.22863622713
Latitude
40.773709630671

FAQs

What type of property is this?
Land - 97-Unit Apartment Project, Approved
Where is this land located?
The property is located at 57 Day St City of Orange, NJ.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Fully approved plans for a 97-unit apartment building in Orange, NJ.; 32,695 sq ft lot zoned under the North Main Street Redevelopment Plan.; 6-story building with 17 studios, 24 one-bedrooms, 35 two-bedrooms, and 21 three-bedrooms; 106 parking spaces (65 covered, ground floor; 41 covered, second floor).
(973) 610-5145 Call to check price and availability
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