823 Anderson Avenue, Fort Lee, NJ 07024
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
823 Anderson Avenue,Fort Lee, NJ 07024
$2,000,000
- 0 Acres
- Lots / Land
- Active
Listed by: fred sokolich, tyler sokolich
Office: sokolich real estate201-224-4444
MLS#:26029744
Source:NJ_MLS
Price summary
- Price:$2,000,000
About this home
**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....
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Home facts
- Listing ID #:26029744
- Added:1 day(s) ago
- Updated:August 14, 2026 at 03:37 PM
Structure and exterior
- Architectural Style:Residential
Finances and disclosures
- Price:$2,000,000
- Tax amount:$14,000
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