216 Stuyvesant Ave, Lyndhurst, NJ 07071

This commercial property, located at 216 Stuyvesant Ave in Lyndhurst, NJ 07071, presents a notable investment opportunity. Constructed in 1977, the building features a durable brick exterior complemented by a pitched shingle roof, indicating established construction. The property is situated on a substantial lot, with a total land area not specified in the provided details. Its zoning designation is 'B', and it is classified as a commercial property with a building class of 'C'.

The building stands three stories tall and currently operates with multiple tenancies. All residential units within the property are on month-to-month leases, offering flexibility for future operational strategies. This arrangement provides a unique value-add opportunity, as the current apartment rents are reported to be below market rates. This suggests potential for increased revenue through strategic rental adjustments.

A significant amenity for this property is the ample parking available, with 24 spaces provided. This equates to approximately 1.9 spaces per 1,000 square feet of leased area, a considerable ratio that enhances accessibility and convenience for tenants and visitors. The property's substantial area, measuring 12,650 square feet, combined with its parking capacity, positions it as a practical commercial asset.

The year of construction, 1977, points to a building with a history of operation. While specific details regarding heating, cooling, or interior updates are not provided, the exterior construction elements suggest a solid foundation. The property's classification as an 'Investment' category, coupled with the existing tenancy structure and the noted below-market rents, underscores its potential for growth and development within the Lyndhurst commercial landscape.