Property profile

61 Chester Ave Irvington, NJ 07111

FOR SALE
Residential land & home lots
Property ID
US59-0521829
Individually Owned 4-yr Hold
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Property summary

AI-generated overview

Prime development opportunity in the heart of Irvington! This vacant 25x100 lot, previously used as parking, is situated in one of the area's fastest-growing investment corridors where newly constructed two-family homes are selling between $850,000 and $950,000+. Whether you're a homeowner looking to build custom home, a builder seeking your next project, or an investor capitalizing on strong rental demand, this site checks every box. Less than 5 minutes from the Garden State Parkway with easy access to major transit routes into New York City, the location offers the connectivity today's buyers and renters demand. A minimum deposit of $10,000 is required upon acceptance. Property is sold strictly as-is with no contingencies, permits, plans, or approvals included. An oil tank is present on the property; the seller has no known information regarding leaks or contamination. Buyers are encouraged to perform independent due diligence once an offer has been accepted. Don't miss this rare chance to secure a valuable development site in a neighborhood experiencing steady appreciation fueled by local investment and unbeatable transit access. Opportunities like this don't last but I have access to many more and a waiting list of buyers and renters for your property.

Property profile

Verified
Property type Residential land & home lots
UPID US59-0521829

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

61 Chester Ave Irvington, NJ 07111
Irvington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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