Description
Opportunity Knocks! This well-maintained property is zoned R-MF (Residential Multi-Family) and currently features three tenants occupying grandfathered office space—creating a unique investment and redevelopment opportunity. Consider converting the second floor into residential living while continuing to generate income from the two first-floor tenants. Alternatively, explore the potential to convert the entire building to its Zoned, and intended (R-MF)multi-family residential use, subject to approvals, permits, and any required variances. The property includes gas heat & central air. Roof is only 1 year old. Ideally located in highly desirable Tenafly, just moments from NJ Transit bus service, Englewood Hospital, and the town’s vibrant downtown filled with shops and dining. Only minutes to NYC—an exceptional opportunity not to be missed.
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School Ratings & Info
Description
Opportunity Knocks! This well-maintained property is zoned R-MF (Residential Multi-Family) and currently features three tenants occupying grandfathered office space—creating a unique investment and redevelopment opportunity. Consider converting the second floor into residential living while continuing to generate income from the two first-floor tenants. Alternatively, explore the potential to convert the entire building to its Zoned, and intended (R-MF)multi-family residential use, subject to approvals, permits, and any required variances. The property includes gas heat & central air. Roof is only 1 year old. Ideally located in highly desirable Tenafly, just moments from NJ Transit bus service, Englewood Hospital, and the town’s vibrant downtown filled with shops and dining. Only minutes to NYC—an exceptional opportunity not to be missed.
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