An exceptional opportunity is presented for investors, builders, and prospective homeowners seeking to develop a custom residence. This property, located at 525 Teaneck Road in Ridgefield Park, New Jersey, offers the potential for views of the New York City skyline. The expansive residential lot measures approximately 60 x 315 feet and is currently undergoing a subdivision process initiated by the seller. This rare offering, subject to final approval, provides a chance to construct a new home on a deep property within a highly sought-after area.
The land is zoned for residential use, offering a foundation for a new construction project. The existing structure, built in 1899, has a total finished square footage of 3,446, with 2 stories. The lot size is approximately 1.16 acres, providing significant space for development. This property is situated in Bergen County, with an APN of 5000020 0100014 01. Annual property taxes are approximately $10,000.
The location of this property offers considerable convenience. It is situated near various essential amenities, including schools, houses of worship, and shopping centers. Residents will also benefit from proximity to local parks, providing recreational opportunities. Access to New York City transportation and major highways is readily available, facilitating commutes and travel.
This offering represents a unique chance to acquire a prime parcel of real estate with substantial development potential. The combination of a deep lot, the possibility of city views, and a desirable location makes this a noteworthy prospect for those looking to create a bespoke living environment or for strategic investment purposes in Ridgefield Park.
Russo Real Estate
201-694-3042
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