
186 Remsen Street
186 Remsen Street, Brooklyn, NY, 11201, US
465 sm
Jones Lang LaSalle Americas Inc. (JLL), a licensed real estate broker, has been exclusively engaged by the City of Summit, New Jersey to market four parcels (Block 2706 Lots 1, 2, 3, and 4) totaling ±1.50 acres located in downtown Summit, New Jersey (the “Property”). The Property is located in between Broad Street, Morris Avenue, and Cedar Street, and is within the Morris Broad Crossroads Zoning District. The zoning district includes all city-owned properties including the Chestnut public parking lot, the Summit Firehouse, an office building on Cedar Street, and a driveway. This zone encourages mixed-use or residential development opportunities up to 48 units. There is an existing office structure with a month-to-month tenant which allows the premises to be delivered vacant upon closing.
The Property is designated under the newly enacted Morris Broad Crossroads Zone District, a zoning framework specifically created to unlock maximum development potential on this strategic site. The zone district provides exceptional flexibility with by-right development opportunities including multifamily residential, office space, and townhouses, with building heights up to three to four stories (48 feet) subject to setback regulations and a generous floor area ratio (FAR) of 1.2. The zone district provides clear parking requirements with flexibility for on-tract, on-street, and off-site solutions, reducing development constraints. The 9,000 square feet of required green space can be efficiently integrated into the site design while maintaining substantial developable area. With its proximity to transit, established infrastructure, and purpose-built zoning that eliminates typical approval uncertainties, this site offers developers a rare opportunity for expedited, high-density mixed-use development in a prime Summit location that complements rather than competes with existing downtown businesses.
Morris Broad Crossroads represents a rare opportunity to acquire and redevelop in one of New Jersey’s most affluent downtown areas.