Opportunity Knocks! This well-maintained property is zoned R-MF (Residential Multi-Family) and currently features three tenants occupying grandfathered office spaceââ?¬â?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 townââ?¬â?¢s vibrant downtown filled with shops and dining. Only minutes to NYCââ?¬â?an exceptional opportunity not to be missed.
Tenafly is located in New Jersey. Tenafly, New Jersey has a population of 15,307. Tenafly is more family-centric than the surrounding county with 53.3% of the households containing married families with children. The county average for households married with children is 35.18%.
The median household income in Tenafly, New Jersey is $179,833. The median household income for the surrounding county is $109,497 compared to the national median of $69,021. The median age of people living in Tenafly is 41.9 years.
The average high temperature in July is 85.2 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 47.1 inches per year, with 26.1 inches of snow per year.