301 Delilah Rd Pleasantville, NJ 08232-1382
Multifamily Residential ("MF") Zoning District. (1) Purpose. The MF Zoning District was crafted to permit residential development of varied sizes, types and densities within the City of Pleasantville and thereby assist in achieving the purpose and intent of the City's residential zoning districts as detailed in § 300-22A . (2) Permitted principal structures…
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
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Property description
Physical attributes from public recordsZoning & alternative use
MF · Pleasantville, NJMultifamily Residential ("MF") Zoning District. (1) Purpose. The MF Zoning District was crafted to permit residential development of varied sizes, types and densities within the City of Pleasantville and thereby assist in achieving the purpose and intent of the City's residential zoning districts as detailed in § 300-22A . (2) Permitted principal structures and uses. (a) Apartments and multifamily buildings, as defined in § 300-10 . (b) Townhouses, as defined in § 300-10 . (c) Garden apartments, as defined in § 300-10 . (d) Three- to four-family semidetached ("tri" or "quad") dwelling units, as defined in § 300-10 . (e) Traditional public, private and parochial schools, serving grades Pre-K through 12, under the authority of the New Jersey Department of Education and subject to the requirements of the Municipal Land Use Law. (f) Places of worship. (g) Parks, playgrounds and public active or passive open space owned or operated by the City of Pleasantville. (h) Administrative offices and related facilities as may be necessary and convenient to the provision of municipal, county, state or federal governmental services. (i) Family day-care homes. (j) Public utility (central) substations. (3) Permitted accessory structures and uses. (a) Typical residential amenities, as defined in § 300-10 , subject to the provisions of § 300-51 . (b) Home occupations, as defined in § 300-10 , when accessory to a permitted residential use. (c) Public utility cabinets. (d) Signs. (e) Stormwater management and related structures, subject to the provisions of Chapter 251 of the City Code. (4) Permitted conditional structures and uses. Professional offices, conditioned upon such use being a part of a residential-looking structure which may or may not contain residential living quarters, and further conditioned upon such bulk standards as may be appropriate to the use and type of structure proposed for the MF Zoning District, and all parking being on site and restricted to the side or rear yard area of the lot. (5) Bulk requirements for principal structures. 1 Minimum tract area 43,560 square feet (1 acre) Individual lots within a tract may be designed to facilitate the buildings and units proposed in accordance with the various definitions of residential structural types detailed within this chapter. Minimum tract width No minimum is established. Minimum tract depth Minimum setbacks 25 feet from all lot lines. However, no structure may be located closer to a lot line than a distance equal to 1/3 of the height of the building.
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.