57 Day St City of Orange, NJ 07050
- Office buildings
- 0.27 lot acres
Current Use by Public Records
- Roseland Taxi Service / Taxi Service
- Orange Taxi Cab / Taxi Service
- Livingston Taxi Service / Taxi Service
- Maplewood Taxi Service / Taxi Service
- Glen Ridge Taxi Service / Taxi Service
Property Details for 57 Day St
- Year built
- 1914
- Construction
- BRICK
- Lot size
- 0.27 lot acres
- Property type
- Office buildings
- APN
- 17 02001-0000-00033
- APU
- 1702001000000033
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2289
- Latitude
- 40.774
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
