21 Prospect St
Bloomfield, NJ, 07003 $ 499,000
Baths0.0 Monthly Estimate*
$ 3,113
Studio for $499,000. The lot size is 0.1.
Exceptional Development Opportunity on Prospect Street Bloomfield, NJ A rare offering in the heart of Bloomfield, NJ. 21"25 Prospect Street comprises a .14-acre corner parcel listed at $499,000, zoned R-2B, allowing for single- or two-unit residential development. The 2 lots total 10,423.91 sq ft lot is ideally located on a quiet, tree-lined street in the desirable Watsessing neighborhood. The property falls within the Bloomfield Public School District, just a 5-minute walk from Watsessing Elementary School, and is zoned for Bloomfield Middle and High Schools. Commuters will appreciate the property's close proximity only 0.3 miles to the Watsessing Avenue NJ Transit Station, offering direct rail access to New York Penn Station in about 32 minutes, as well as multiple NJ Transit bus routes nearby (92, 72). Nearby amenities include Stop & Shop, ShopRite, Trader Joe's, CVS, and Walgreens, all within 1.5 miles. The property is also steps from the 69-acre Watsessing Park, offering green space, playgrounds, sports fields, and walking trails. Moments from the shops, restaurants, and cultural attractions of Bloomfield Center and neighboring Montclair, this parcel offers unmatched location, community access, and development flexibility. With strong housing demand and ongoing neighborhood revitalization, 21"25 Prospect Street presents a high-potential opportunity to build a custom residence or income-producing property in a thriving North Jersey market.
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FeaturesGeneralPossession ON CLOSING
Zoning R-2B
Township Bloomfield Twp.
Tax Year 2024
County Essex
Status Active
Directions Merge onto John F Kennedy Dr N Slight left toward John F Kennedy Dr S Turn right onto Myrtle St- Destination will be on the right
Tax Annual Amount 2523
Standard Status Active
Tax Assessed Value 74400
Town # 1602
Tax Lot 1.01
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ExteriorLot Dimensions 46 X 94
Lot Size Acres 0.10
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* Excluded FeaturesList ByVERONICA FAIRWEATHERListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $3,113
- Monthly Property Taxes
- $210
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Bloomfield, NJ
Average List Price $341,857
Percent of Sale Price 31%
About Bloomfield, NJ 50,944 Population
7% Since 2002
$ 74,661 Median Income
39.64 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/9/2025 | $499,000 | | Listed Price |