122 16Th Ave
Property Description
Attention Investors & Developers: Bring your vision to this high-upside 6-unit mixed-use property situated in a desirable RA-2 zoning redevelopment district [1.1], positioning you for potential tax advantages and massive future development potential [1.1]. The property features two commercial storefronts seamlessly combined into one spacious commercial space perfectly setup as a restaurant kitchen with extensive fridge/freezer storage alongside four residential units, including two newly renovated luxury 3-bedroom apartments, one freshly refreshed 2-bedroom apartment, and a final 2-bedroom unit. Delivered as a blank canvas value-add asset, this property is the perfect opportunity for a developer or investor looking to optimize the space from day one and build for the future.
Broker Details
Keller Williams Mid-Town Direct Realty (973) 762-5400
MLS ID: 409133
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,249,999 |
| No. of Units: | 4 |
| Year Built: | 1925 |
| Lot Size: | 3,513.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $312,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 8 |
ID: 3yd-GSMLSNJ-4034158
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