Luxury Duplex As-of-Right Development Site in Fort Lee

Discover the vibrant location of the property, nestled in the heart of Fort Lee, NJ. This thriving area offers a seamless blend of business and leisure opportunities. Investors will appreciate the close proximity to major corporations and financial institutions, creating an ideal environment for office or commercial development. Surrounding the property, an array of dining, shopping, and entertainment options awaits, providing a dynamic experience for employees and visitors alike. With convenient access to local parks and stunning views of the Hudson River, Fort Lee promises a desirable setting for businesses seeking an attractive investment opportunity.107 Old Palisade Avenue, Fort Lee presents a rare as-of-right duplex / two-family development opportunity in one of Bergen County’s most strategic residential locations. The property consists of a 100’ x 62’ vacant parcel, offering a clean development site with no demolition costs and a more direct path toward execution. The property is located within Fort Lee’s R7-A Mid-Rise Residential Zone, which permits two-family detached dwellings, townhouses / row houses, and multifamily residential uses as part of the existing zoning framework. This supports the proposed side-by-side duplex concept, subject to final architectural plans, bulk requirements, parking compliance, and municipal review. The conceptual design envisions two luxury residences, each approximately 25 feet wide by 55 feet deep, with approximately 1,375 SF per floor across three levels. After accounting for approximately 500 SF of garage area, each residence is projected to offer approximately 3,625 SF of livable / marketable area. The layout includes a ground-level garage, two residential floors above, and a potential rooftop level for private outdoor living space, subject to final design and approvals. Based on market comparable sales, a new-construction product of this size and quality could support an estimated resale value of approximately $1,812,000 per residence, creating a compelling development opportunity for builders targeting Fort Lee’s high-end residential buyer pool. Because the proposed concept is intended to work within the existing R7-A zoning, the opportunity offers a clearer as-of-right development path and avoids the complexity typically associated with a use variance or major rezoning request. For builders and developers, this creates a more defined execution strategy, a stronger underwriting basis, and a more marketable end product. Located approximately one-quarter mile from the George Washington Bridge, the site benefits from exceptional access to Manhattan, major highways, and the surrounding Bergen County commuter base. This connectivity supports demand from end-users, investors, and luxury townhouse buyers seeking new construction product near New York City. Potential assemblage upside through the adjacent 45 Main Street parcel for those seeking additional scale. Contact for more details.