Unlock a rare development opportunity in the heart of Weehawken, which is the last piece undeveloped R-3 land in Weehawken allowing for the construction of up to three residential units. Prior attempts to increase density to four units were denied by the municipality, confirming a clear path for 3-family residential development.
What sets this deal apart? The seller is open to a joint venture — offering the land in exchange for a development partnership. This allows the buyer/developer to begin the permitting and planning process without purchasing the land upfront, minimizing risk and cash requirements during the entitlement phase.
Key Highlights
Zoning: R-3 (Approved for 3-Family Development)
Lot Type: Vacant Land
Seller Willing to Partner: Land can be contributed in lieu of upfront sale. Buyer handles permitting and construction; or seller finance
Geotechnical Report Completed: Soil borings and test pits confirm conditions suitable for shallow or deep foundations.
Bedrock Present: Excavation considerations outlined (mechanical methods recommended; no blasting).
No Groundwater Issues: Groundwater not encountered during site investigation.
Seller may consider delayed transfer or JV after permit approvals