The Property is located within the highly sought-after municipality of Upper Saddle River, NJ. The site offers 193,866 square feet of land totaling approximately 4.5 acres. The topography of the site is gently sloping from front to back and completely cleared. The surrounding area is zoned residential and borders the site with multimillion-dollar homes. The Property offers top rated public and private schools, a short distance to public transportation and many retailers in the immediate area which makes the location ideal for a residential development.
The site is zoned (SR) Scarce Resource. The (SR) zone is a court ordered housing obligation of the Borough of Upper Saddle River which mandates higher density residential development areas to comply with the Borough’s (COAH) Coalition of Affordable Housing obligation. The density established for this zone is 6 dwelling units per acre. The site is currently approved for four single family residential dwellings each situated on approximately one acre.