Bank owned property! "Valley View at Wanaque" is a Multi Family Development Site in the Borough of Wanaque, NJ. Currently approved for the development of 114 age-restricted units, of which 101 would be market rate units and 13 would be moderate income units.
The bank has appeared before the Borough of Wanaque planning board and requested a total of 92 units in exchange for dropping the age restricted zoning, of which 20% of the units will be moderate to low income housing. Conversion of the development from age-restricted to non-age restricted development is permitted by New Jersey Statutory Authority.
The property is also developed with some site improvements, including foundations for 10 townhouses. Additional information regarding existing improvements is also included in the Appraisal Excerpts of the Property Information Package.
Property provides easy access to interstate Route 287 and is convenient to public transportation.
Len Walter, Auctioneer, NJ Broker License #9913359
More Information : Tranzon.com/AL22312A
FOR ADDITIONAL INFORMATION, PLEASE CALL:
Tranzon Alderfer - Len Walter : (267) 638-1050