Property summary
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 profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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