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    571-577 New York Ave Lyndhurst, NJ 07071

    Sponsored
    For Sale
    $3,000,000

    30,000 sq ft, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 30,253 square foot development site, located at 571-577 New York Avenue in Lyndhurst, New Jersey, presents a compelling investment opportunity. Zoned RB, this property offers significant potential for both commercial and residential development. Its prime location near the Kingsland Train Station provides convenient access to major transportation routes, including NYC-bound trains, buses, and highways. The site's proximity to local amenities, such as a nearby ShopRite, further enhances its appeal. Given the current demand for affordable housing in New Jersey, this site is ideally suited for a multi-family residential project, potentially accommodating 40-60 units or six two-family homes, subject to necessary approvals. The strong demographics of Lyndhurst and its vibrant community make this a highly attractive location for new residents. This undeveloped land presents a rare chance to capitalize on the growing need for housing in a thriving New Jersey market. The asking price for this significant property is $3,000,000. This is a unique opportunity for developers and investors seeking a high-potential project in a desirable location. The property is privately owned.

    Property Features for 571-577 New York Ave

    General Information

    Property type
    Land

    HighLights

    • 30,000+/- SF development site in Lyndhurst, NJ.
    • RB zoning allows for commercial and residential development.
    • Prime location near Kingsland Train Station and ShopRite.
    • Potential for multi‑family residential (40‑60 units) or six two‑family homes (subject to approvals).
    • $3,000,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lyndhurst
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1173756
    Latitude
    40.8126125

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    FAQs

    What type of property is this?
    Land - 30,000 sq ft, prime location
    Where is this land located?
    The property is located at 571-577 New York Ave Lyndhurst, NJ.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 30,000+/- SF development site in Lyndhurst, NJ.; RB zoning allows for commercial and residential development.; Prime location near Kingsland Train Station and ShopRite.
    Request Owner's contact information
    571-577 New York Ave Lyndhurst, NJ 07071
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    571-577 New York Ave Lyndhurst, NJ 07071
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