823 Anderson AvenueFort Lee, NJ 07024
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**FULLY APPROVED & ACTIVE MULTIFAMILY DEVELOPMENT SITE** 823 Anderson Avenue presents a rare opportunity to acquire a fully approved and active multifamily redevelopment site in one of Bergen County’s strongest rental markets. The offering includes an existing income-producing two-family residence together with active Planning Board approvals for the construction of a six-unit multifamily residential development. The approved project consists of six 2-bedroom, 2-bathroom residential units, including one affordable housing unit, within an attractive three-story building featuring integrated garage parking with projected market rents of approximately $4,500/month for market-rate units (affordable allowable rent approx. $2,800/month). Situated on an oversized 7,606 SF corner lot with approximately 89 feet of frontage, the property offers a rare combination of: • Active development approvals • Strong projected rental income (Projected gross annual income approximately $303,600) • Existing cash flow during pre-construction planning • Significant parking capacity • Prime NYC commuter location Documentation Included with the Sale: • Fully Approved Borough Planning Board Resolution • Architectural Plans • Site Plans • Property Survey Seller is a licensed NJ Real Estate Broker. For more information, contact listing agent at 201-664-4444.
| 5 days ago | Listing updated with changes from the MLS® | |
| 5 days ago | Price changed to $1,900,000 | |
| 6 days ago | Status changed to Active | |
| 4 weeks ago | Listing first seen on site |
The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information is deemed reliable but not guaranteed. Last checked: 2026-09-07 09:13 AM UTC
Source: New Jersey Multiple Listing Service, Inc.
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