Unlock the potential! LEGAL 3 UNIT BUILDING in the heart of Lyndhurst in walking distance to train station. Fully occupied! First floor features a 2 bedroom 1 bath unit and a 1 bedroom 1 bath unit. Second floor features a large 3 bedroom 1 bath unit . Also features a full unfinished basement, huge paved parking lot with room for expansion, and a 1 car detached garage. 3 newer furnaces and water heater.
Welcome to 571-577 New York Ave, an exceptional development site situated in the heart of Lyndhurst, NJ. With its favorable RB zoning, expansive lot size of approximately 30,000 square feet, and close proximity to the Kingsland Train Station, this property presents an outstanding opportunity for forward-thinking investors and developers. The property, currently undeveloped, offers immense potential for the creation of affordable housing units a particularly attractive prospect given New Jersey's new affordable housing laws. With the ability to accommodate an estimated 40-60 units or 6 two-family homes, this site aligns perfectly with the state's commitment to expanding access to affordable housing options. Strategically positioned near the Kingsland Train Station, commuting residents will enjoy seamless access to major transportation routes, including NYC-bound trains, buses, and highways. Many opportunities available!
Welcome to this exceptional development site situated in the heart of Lyndhurst, NJ. With its favorable RB zoning, expansive lot size of approximately 30,000 square feet, and close proximity to the Kingsland Train Station, this property presents an outstanding opportunity for forward-thinking investors and developers. The property, currently undeveloped, offers immense potential for the creation of affordable housing units a particularly attractive prospect given New Jersey's new affordable housing laws. With the ability to accommodate an estimated 40-60 units or 6 two-family homes, this site aligns perfectly with the state's commitment to expanding access to affordable housing options. Strategically positioned near the Kingsland Train Station, commuting residents will enjoy seamless access to major transportation routes, including NYC-bound trains, buses, and highways. Many opportunities available!
Immaculate Top floor 688 SqFt Apt with 1 Spacious Bedroom, 1 Full Bath and Balcony. 1 Car Garage and 1 Car assigned Parking Space are included. Close to NYC Buses and Newark Airport and all New Jersey Major Highways. Washer / Dryer in Unit. Well maintained by Professional Management Company.
Unique income producing investment property in the heart of Lyndhurst! Steps away from train station for easy commuting! Building is mostly leased and features 2 storefronts plus 3 apartments (Two 3 bedroom units (or 2 bedroom plus dining room) and a 1 bedroom unit), all fully occupied with favorable rents with 5.5% increases built in. Large piece of property with lots of parking in rear. Yearly income: $91,548 and Yearly Expenses: $23,026. "Bones" have been well maintained and units have in between tenants. Newer roof, furnaces, and water heater. Tenants pay own electric and gas, landlord pays heat and water. Potential to expand up or out in rear, buyer should do own due diligence with Lyndhurst Twp. Buyer responsible for obtaining C/O and any inspections needed for closing.
Total gut renovation , or knock down. May have an oil tank, has solar panels that will have to be taken with sale, mold, plumbing and electrical issues. CASH ONLY or 203k LOANS- buyer responsible for obtaining CO and Smoke Certificates. Final & best due Monday 10am.
Ideally located on a main thoroughfare this freestanding building is a perfect investment opportunity for those looking to add value and gain additional income. A fixture in the town for over 50 years, this site is ready for new ownership. The site sits on a 7500 square-foot lot and zoning allows for a second level to be added. Perfect for retail investment, Medical, Mixed, use development, and much more!
The median home value in Lyndhurst, NJ is $539,000. This is lower than the county median home value of $607,200. The national median home value is $338,100. The average price of homes sold in Lyndhurst, NJ is $539,000. Approximately 66.33% of Lyndhurst homes are owned, compared to 30.7% rented, while 2.97% are vacant. Lyndhurst real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lyndhurst real estate agent to arrange a tour today!
Lyndhurst, New Jersey has a population of 22,315. Lyndhurst is less family-centric than the surrounding county with 29.32% of the households containing married families with children. The county average for households married with children is 35.18%.
The median household income in Lyndhurst, New Jersey is $91,367. The median household income for the surrounding county is $109,497 compared to the national median of $69,021. The median age of people living in Lyndhurst is 41.8 years.
The average high temperature in July is 85.9 degrees, with an average low temperature in January of 22.1 degrees. The average rainfall is approximately 48.4 inches per year, with 25.6 inches of snow per year.