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823 Anderson Avenue

Fort Lee, NJ 07024

MLS#: 26030548

$1,900,000

Status: Active
Listing number: 26030548
Listing provided by: Sokolich Real Estate
Listing agent phone: None
Last update: 2 days ago
On site: 23 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

**FULLY APPROVED & ACTIVE MULTIFAMILY DEVELOPMENT SITE** 823 Anderson Avenue presents a rare opportunity to acquire a fully approved and active multifamily redevelopment site in one of Bergen County’s strongest rental markets. The offering includes an existing income-producing two-family residence together with active Planning Board approvals for the construction of a six-unit multifamily residential development. The approved project consists of six 2-bedroom, 2-bathroom residential units, including one affordable housing unit, within an attractive three-story building featuring integrated garage parking with projected market rents of approximately $4,500/month for market-rate units (affordable allowable rent approx. $2,800/month). Situated on an oversized 7,606 SF corner lot with approximately 89 feet of frontage, the property offers a rare combination of: • Active development approvals • Strong projected rental income (Projected gross annual income approximately $303,600) • Existing cash flow during pre-construction planning • Significant parking capacity • Prime NYC commuter location Documentation Included with the Sale: • Fully Approved Borough Planning Board Resolution • Architectural Plans • Site Plans • Property Survey Seller is a licensed NJ Real Estate Broker. For more information, contact listing agent at 201-664-4444.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $1,900,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

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Listing Courtesy of Fred Sokolich, Sokolich Real Estate

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(973) 945-9979

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**FULLY APPROVED & ACTIVE MULTIFAMILY DEVELOPMENT SITE** 823 Anderson Avenue presents a rare opportunity to acquire a fully approved and active multifamily redevelopment site in one of Bergen County’s strongest rental markets. The offering includes an existing income-producing two-family residence together with active Planning Board approvals for the construction of a six-unit multifamily residential development. The approved project consists of six 2-bedroom, 2-bathroom residential units, including one affordable housing unit, within an attractive three-story building featuring integrated garage parking with projected market rents of approximately $4,500/month for market-rate units (affordable allowable rent approx. $2,800/month). Situated on an oversized 7,606 SF corner lot with approximately 89 feet of frontage, the property offers a rare combination of: • Active development approvals • Strong projected rental income (Projected gross annual income approximately $303,600) • Existing cash flow during pre-construction planning • Significant parking capacity • Prime NYC commuter location Documentation Included with the Sale: • Fully Approved Borough Planning Board Resolution • Architectural Plans • Site Plans • Property Survey Seller is a licensed NJ Real Estate Broker. For more information, contact listing agent at 201-664-4444.

823 Anderson Avenue

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