1 Bloomfield Ave Mountain Lakes, NJ 07046-1466
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Vision Real Estate Partners Real Estate Agency
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Euroimmun US, Inc Medical Laboratory
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Dess LLC Business Management Consultant
For permitted uses other than multi-family inclusionary development, as set forth in this chapter for the OL-2 Zone. (2) For multifamily inclusionary development, as set forth below: (a) Minimum lot size: five acres. (b) Minimum lot frontage: 300 feet. (c) Maximum density: 14 units per gross acre. (d) Maximum building height: three stories, 43.5 feet. Measur…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
OL-2 · Mountain Lakes, NJFor permitted uses other than multi-family inclusionary development, as set forth in this chapter for the OL-2 Zone. (2) For multifamily inclusionary development, as set forth below: (a) Minimum lot size: five acres. (b) Minimum lot frontage: 300 feet. (c) Maximum density: 14 units per gross acre. (d) Maximum building height: three stories, 43.5 feet. Measurements shall be from the first floor elevation at the front door entrance of each townhouse or stacked townhouse unit to the highest point of a sloped roof. Development shall be exempt from measuring to existing (original) grades as defined in § 245-3 , under definitions for “building height (residential zones),” “grade plane” and “story above grade”. (e) (e) Minimum setbacks. [1] To any RC-3 Zone boundary: 50 feet, except that along the common property line shared with Block 118.03, Lot 9 beginning at the northeast corner of said common property line and proceeding in a southerly direction for a distance of 200 feet the minimum setback shall be 75 feet, exclusive of patios and decks, however in no event shall the setback be less than 70 feet. [2] To the Bloomfield Avenue property line as it exists on the date of adoption of this section: 70 feet, exclusive of patios and decks, however in no event shall the setback be less than 65 feet. [3] To all other property boundaries: 25 feet, exclusive of patios and decks, however in no event shall the setback be less than 20 feet. (f) Maximum building coverage: 25%. (g) Maximum improved coverage: 50%. (h) There shall be no more than 12 units in any building, except that where a building does not include affordable units the maximum number of units shall be 10. (i) The minimum distance between buildings shall be as follows: [1] Windowless wall to windowless wall: 25 feet. [2] Window wall to windowless wall: 30 feet. [3] Window wall to window wall: [a] Front to front: 70 feet for front-loaded units and 50 feet for rear-loaded units. [b] Rear to rear: 70 feet for rear-loaded units and 50 feet for front-loaded units. [c] End to end: 30 feet. (j) Development shall maintain a minimum twenty-foot landscaped buffer to the RC-3 Zone along the easterly lot line and a minimum fifteen-foot landscaped buffer along the northerly lot line. Along the southernmost common lot boundary with the RC-3 Zone, no such buffer shall be required. Buffers shall consist of existing vegetation, trees, or new plantings or, where appropriate, a combination of existing vegetation, trees, and new plantings, so as to provide screening to adjacent properties.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.