198-200 W 31st St - Commercial LAND FOR SALE


Bayonne, NJ 07002- Constable Hook5,314 SF
$1,650,000 USD
201-436-7365
198-200 W 31st St, Bayonne, NJ for Sale
$1,650,000 USD
Commercial LAND - FOR SALE
1/16
5,314 SF

198-200 W 31st St
Bayonne, NJ 07002
Constable Hook


HIGHLIGHTS

  • SPECTACULAR PANORAMIC VIEW | BEAUTIFUL SUNSETS | PEACEFUL NEIGHBORHOOD | 40' GRADE ELEVATION |CONSTANT MARITIME ACTIVITY | SWAN, DUCK, SEAGULL, BIRDS

OVERVIEW

CONCEPT 006 IS VICTORY BOUND . This property represents a perfect candidate for an R5 zoning variance, due to the presence of the neighboring (32) unit condominium, (aka Bay Harbor Club), along with the overtone of the Bayonne High School, the Rich Korpi Ice Rink, Veterans Stadium, favorable roadway orientations, and its prized location. The securement of an R5 zoning variance will enable the construction of a (16) unit residential dwelling structure, on the acreage of this property, (four level condominium or apartment building). . Bayonne is in the process of finalizing its “Gold Coast Waterfront Walkway, (refer to the “Walkway Progress Schedule” which is contained in the CONCEPT 006 attachment. Back in the early 2000’s and upon the construction of the neighboring (32) unit condominium, the builder was required to provide a public waterfront walkway, prior to the issuance of its R5 zoning variance. A conventional walkway is not possible for this property, (198-200), due to its high elevation and steep incline to the water. A “walkway bridge” will be required, to join the existing Bay Harbor condominium walkway to the city owned property, located at the rear of the homes on West Drive, (refer to the CONCEPT 006 attachment). . Zoning variances must never be awarded based on potential tax revenue. In the real world this is not always adhered to. However if the variance will indisputably improve the functionality or aesthetics of the town, along with the quality of the lives of the town’s residents, then the variance is typically awarded, provided there are no negative conditions or eminent dangers. . CONCEPT 006 WILL INDISPUTABLY IMPROVE THE FUNCTIONALITY AND AESTHETICS OF BAYONNE, ALONG WITH THE QUALITY OF THE LIVES OF THE TOWN’S RESIDENTS. THERE ARE NO NEGATIVE CONDITIONS OR EMINENT DANGERS, PROVIDED THE LAND DEVELOPER ADHERES TO THE BASIC DESIGN, TERMS, AND CONDITIONS OF CONCEPT 006. IF THERE IS RESISTANCE WITH THE LOCAL MUNICIPALITY, WITH REGARD TO THE AWARDING OF AN R5 ZONING VARIANCE, THIS IS CONSIDERED AN ACTION IN LIEU OF PREROGATIVE WRITS. A COMPLAINT AND/OR LAWSUIT, FILED WITH THE NEW JERSEY SUPERIOR COURT WILL LIKELY GENERATE A POSITIVE OUTCOME. . CLERK OF THE NJ SUPERIOR COURT RICHARD J. HUGHES JUSTICE COMPLEX P.O. BOX 971 TRENTON, NEW JERSEY 08625-0971 . IMPORTANT – Kindly review attachment titled ‘EX PARTE’ COMMUNICATIONS, as this knowledge could become valuable with regard to the execution and success of CONCEPT 006.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/ACRE

$13,524,590/AC

PRICE/SF

$310 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

INVESTORS CHALLENGE SUPER HIGH RETURN

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Senior, Hold for Development, Hold for Investment, Planned Unit Development, Unknown

LAND ACRES

0.12 AC

LAND SF

5,314 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

R2

APN/PARCEL ID

01-00155-0000-00020

ASK ABOUT THIS PROPERTY

David CuriazzaDavid CuriazzaMore Info
201-436-7365

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David CuriazzaDavid CuriazzaMore Info
201-436-7365

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.