5+ Mixed Use For Sale in Tenafly, NJ
MLS# : 26015407
PROPERTY DETAILS
PROPERTY DESCRIPTION
Opportunity Knocks! This well-maintained property is zoned R-MF (Residential Multi-Family) and currently features three tenants occupying grandfathered office spaceâ€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 six designated parking spaces, plus additional street parking, 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 town’s vibrant downtown filled with shops and dining. Only minutes to NYCâ€â€an exceptional opportunity not to be missed.
Amenities
This listing is a courtesy of Coldwell Banker, Alpine/Closter
201-767-0550 office, listing agent Elizabeth Columbus
About Tenafly, NJ Real Estate Market
Tenafly shares its borders with other boroughs of Bergen County, such as Cresskill, Alpine, Englewood, Bergenfield and Englewood Cliffs. Since the beginning, Tenafly has remained one of the highest-income communities in Bergen County, due to which you can find many large-sized homes, which are some of the most desirable houses in New Jersey real estate.
During the late 17th century, many Dutch immigrants began to settle in Tenafly. The Dutch influence can be seen in the inspiration behind the borough’s name, taken from the Dutch phrase ‘Tiene Vly’ that means ‘ten swamps.
The overall planning and development in Tenafly are influenced by the hills and valleys around the town. While the eastern part of Tenafly is called ‘East Hill’ and has a higher elevation, the eastern part of the borough has dramatically higher terrains which terminate at the New Jersey Palisades beside the Hudson River.
| Population: | 15,252 |
| Total Housing Units: | 5,415 |
| Single Family Homes: | 4,110 |
| Apartments: | 1,243 |
| General Tax Rate (2025): | 2.973% |
| Effective Tax Rate (2025): | 2.086% |
| Compare To Other Towns |
Tenafly Market Indicators
PRICE INDEX
| Average Price* (12mo): | $1,669,625 |
| Homes Sold* (12mo): | 126 |
SINGLE FAMILY HOME SALES
Tenafly, NJ
REAL ESTATE TAXES
| General Tax Rate (2025): | 2.973% |
| Effective Tax Rate (2025): | 2.086% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
