Anthony Romano
Investor Relations - New & Modern RealtyThe Brokerage Built for Builders
(201) 366-6986$1,500,000
123 Hidden Street,Millburn, NJ 07041
$1,450,000
Based on 2 recent builder purchases nearby
$3,500,000
Based on 2 recent new construction sales nearby
Current Property Type
Tear Down
Projected Resale Build Type
Multi Unit Home Dev
Lot Size
17,000 ~ sqft
Dimensions
83 x 243 ft
Additional Information
Description
This is a rare, oversized lot in the heart of Millburn. You can build a massive duplex home on this property. Smaller duplex lots nearby are selling each side for approximately $1.5M. Here, we estimate you can easily sell each side for $1.75M
Zoning
R-7 Residential
Approval Status
Unapproved
Environment
Unknown
Vacant at Closing
Yes
Subject To
NA
Closing Timeframe
Flexible
Locations of builder purchases and new construction sales
Recent similar sized builder purchases in this area
Multi-unit opportunity — the projected build here is Multi Unit Home Dev. Comp prices below are single-property sales.
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| Image | Address | Price | Type | Lot (sqft) | W x D (ft) | Parcel Shape | Purchase Date | Builder Names |
|---|---|---|---|---|---|---|---|---|
| 287 Main St, Millburn, NJ 07041Smaller lotShallower | $1,325,000 | Single Family Residence | 14,196 | 86 x 164 | Oct 10, 2025 | Nam Hoang, Thang V Tranvia 287 Main Street Holdings LLC | ||
| 38 Willow St, Millburn, NJ 07041Old compSmaller lotNarrower | $1,100,000 | Single Family Residence | 13,451 | 50 x 269 | Jul 26, 2024 | Chrystian Rodakvia Rodak Builders Livingston 3 LLC |
Based on similar sized new construction properties
Multi-unit opportunity — the projected build here is Multi Unit Home Dev. Comp prices below are single-property sales.
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| Image | Address | Price | Type | Lot SqFt | Home SqFt | Beds | Baths | List Date | Sold Date | Status | Builder Names |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 27 Willow St, Millburn, New Jersey 07041Smaller lot | $1,488,000 | Single Family | 7,501 | N/A | 3 | 4 | Apr 2, 2026 | N/A | Under Contract | Elan Bitan, Melvyn Atlas | |
| 36 Willow St Unit B, Millburn, NJ 07041Old compSmaller lot | $1,500,000 | N/A | 7,500 | 13,000 | N/A | N/A | N/A | Jun 30, 2023 | N/A | N/A |
Need funding for your project?
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