New Jersey Apartment Development

[Matthew Passero]

Looking for input & feedback from the BP community:

I have a large piece of property in Clifton, NJ and I am thinking about developing the back part of the property into an apartment building (possibly use 50 x 150).  I have an average understanding of what needs to be done (variances, zoning, permitting, GC's, plans, etc.) but would love to get input, feedback, etc. on the entire process before jumping in and figured the BP community would be a great place to start.   Would be great if you have specific experience in this area of NJ as well.   This idea is really in the beginning stages so I'm open to all types of scenarios/questions/feedback. 

- How many units can I fit into this size of a property

- Looking for a ballpark range of cost for the investment broken out (zoning, permitting, plans, construction, etc.)

Thanks in advance.

[Jessica Zolotorofe]

@Matthew Passero is it already zoned properly? You would need site plan approval from the City. It’s a lengthy process, but Clifton and Passaic County are relatively cooperative. You may also need DEP and DOT approvals. You really need an engineer to put together some site plans to see how many units you can fit with ingress and egress, setbacks, sidewalks, septic, traffic signals, etc. You should hire an experienced attorney to see you through the process, as well. Let me know if you have any questions. Good luck!