192 Englewood Ave, Englewood, NJ 07631

This Bergen County offering presents a rare opportunity to acquire an approved multifamily development located at 192 Englewood Ave in Englewood, NJ 07631. The project has been approved for eight large residences, each designed with two bedrooms and two bathrooms. The anticipated interior living space for each unit ranges from approximately 1,100 to 1,200 square feet, providing ample room for residents. The property is situated on a 7,840 square foot lot within the R-E zoning district, which includes an N-C overlay.

The modern residential design incorporates open-concept layouts, enhancing the flow and functionality of each living space. Primary suites are a notable feature, offering private bathrooms for added comfort and convenience. Select residences will also include private terraces, providing outdoor living space. Furthermore, each unit is equipped with in-unit laundry facilities, a desirable amenity for modern living. The development also includes plans for an elevator, ensuring accessibility throughout the building.

A significant aspect of this offering is the attractive parking program, which allocates 16 covered parking spaces. This provides approximately two parking spaces for every residence, addressing a key need in multifamily developments. The seller is open to a transaction structured as a sale subject to the purchaser continuing the existing approved plans. This would involve the purchaser undertaking the responsibility for completing the remaining county and state approval processes, including plan revisions and resolution compliance, to advance the project toward permit-ready status.

Advancing the project toward permit-ready status will require addressing approximately a 7-foot building setback revision and completing the necessary resolution compliance. This development represents a unique chance for an investor to step into an approved project and guide it to completion. The location in Englewood offers access to local amenities and transportation networks, making it a compelling site for residential development.