2 Meyer St, Elmwood Park, NJ 07407

This offering presents a unique opportunity for development at 2 Meyer Street in Elmwood Park, New Jersey. The site is approved for 58 residential units, with plans in place and a building permit secured, eliminating the need for further approvals. The proposed development includes 50 one-bedroom apartments and 8 two-bedroom units, with 9 units designated as affordable housing (8 one-bedroom and 1 two-bedroom). This project is situated on a cleared, level lot of approximately 1.04 acres, totaling 45,200 square feet.

The property benefits from extensive site preparation and approvals, including NJDOT, Stormwater Authorization, and Soil Erosion permits. A percolation and soil boring report, along with detailed building and site plans, are available for review, confirming the site's readiness for construction. The location features road frontage on both a State Road and a Town Street, with access via a blacktop/asphalt road. The topography is at road level, and the lot is described as level, with no wetlands or flood zone designation.

Parking is a significant feature of this development, with 93 spaces allocated, including 67 covered spots. Public sewer and public water are available in the street, with buyer responsibility for hook-up fees. The property is zoned for Planned Unit Development, and the site is currently vacant and unimproved, offering a blank canvas for construction. The land improvements are noted as fenced, with no other land improvements currently present.

Construction can commence immediately upon acquisition. A pro forma and detailed unit breakdown are available for prospective buyers to review. The property is located in Bergen County. The annual property taxes are estimated at $35,000 for the tax year 2025. This development site offers a comprehensive package of approvals and infrastructure considerations, positioning it for efficient project execution.