Development / Investment Opportunity in Kearny

Highlights:

• Property Lot Size is Approx. 15,000 Sq Ft
• Existing Approx. 4,065 Sq Ft Commercial Office Space + Residential 1 BR / 1BTH Apartment Above
• (9) Unit Residential New Construction Sketches Made (Buyer to Obtain Approvals)
• Prime for Redevelopment into Mixed-use Resi / Retail Commercial
• Local Thriving Community in downtown Kearny
• Multi-tenant Building with lots of additional Parking

Description:

The Bruce Elia Team presents an exciting new opportunity for an investor, user-buyer, or development in thriving downtown Kearny! The property currently is vacant and is comprised of a mixed-use Commercial Office and Residential apartment. Downstairs is the office space, formerly a Law Firm, and upstairs is the 1 BR / 1 BTH apartment. Parking onsite on the side and rear of the building.

History: Colonial roots

The area of Kearny Township, created in 1867, had been part of the original Crown Grant of 30,000 acres (120 km2) obtained by Major William Sandford of Barbados on July 4, 1668. Major Sandford named it New Barbadoes Neck after his old home.[27] As was the custom of the time, the Major paid 20 pounds sterling to Chief Tantaqua of the Hackensack tribe for all their reserve rights and titles.

Sanford's friend Major Nathaniel Kingsland acquired the property in 1708 and sold the upper western tract of the Grant for 300 pounds sterling to Captain Arent Schuyler two years later. The new purchase included present-day Kearny, North Arlington, Lyndhurst and Kingsland.

Shortly after Schuyler's purchase of his new homestead, a peculiar green stone was uncovered. It was sent to England for analysis and he learned that it contained 80% copper. His opening of a copper mine brought the first steam engine to America from England; it was used to pump out the deep mine shaft. The engine was secretly delivered by its engineer, Josiah Hornblower. The engine and mines were destroyed by fire in 1772 and remained idle for some years.

Schuyler Mansion played a role during the American Revolutionary War Era. When Lord Howe of England took possession of New York Harbor, the proximity of Schuyler Mansion drew many of his officers. They generally traveled over a road that today is referred to as the Belleville Turnpike, which was originally constructed in 1759 using cedar logs from the nearby swamps.

During September 1777, General Henry Clinton, head of the British Expeditionary Forces in America, selected Schuyler Mansion for his headquarters during one of his more important raiding operations which included the famed Battle of Second River. The Mansion stood until 1924, a period of 214 years, when it was torn down by a land development company, despite the company's offers to transfer the land to an organization that would be able to pay to maintain the property.

Office Grade

Municipal

Services Available

Natural Gas

Documents: