Bank Owned Properties

Magyar Bank is currently offering the following bank properties for immediate purchase. For more information, or to arrange a visit of any of these properties, please contact Ray Kenwell at 732.342.7600, ext. 104.

Commercial Properties

	39 Main Street, Holmdel, NJ Property Description: The property is improved with a one and one-half story, wood frame mixed use commercial building containing 1,720 square feet and a detached, five-bay garage building containing 1,680 square feet. Zoning: B-1 Neighborhood (Village-Business District) Location: The neighborhood can best be described as a commercial area. The subject street, Main Street is moderately traveled. The land use pattern in the immediate area is comprised of primarily a blend of commercial, retail and office development with residential uses off side streets. Contact Name: Jeff Jones (DiLeo-Bram & Co.) –(732) 985-3000
	46-48 Route 36 Keyport, NJ Property Description: The property is a well maintained 6,000 sq. ft building with three stories comprised of approximately 4,500 sq. ft. office space and 1,500 sq. ft. of retail space. The building is divisible has great visibility on the heavily traveled Route 36. Zoning: HC (Highway Commercial). Potential uses include retail sales and services, office, banking and restaurants. Location: The neighborhood can best be described as a prime commercial strip. State Highway Route 36 is heavily traveled. Traffic counts are reported to be in excess of 30,000 cars per day. The land use pattern in the immediate area is comprised of primarily a wide variety of commercial, retail and office development. Contact Name: Jeff Jones (DiLeo-Bram & Co.) – (732) 985-3000
	787-819 South Avenue, Plainfield, NJ Property Description: Predominately two and part one and three story industrial flex facility containing 23,196 sq. ft. located on 1.36 acres. Zoning: LI (Light Industrial) Location: The subject property is located in the northeastern portion of Plainfield on the North side of South Avenue in between Central Street and Woodland Avenue.
	111-117 W. Second Ave., Roselle, NJ Property Description: The property is improved with a three story mixed use building containing 7,690± square feet. The first floor includes three commercial units and the second and third floors function as office space. The building includes a full unfinished storage basement containing 3,190± square feet. Zoning: Central Business Zone Location: The neighborhood can best be described as a main commercial area. The subject street is moderately traveled. The land use pattern in the immediate area is comprised of a wide variety of commercial, retail, and office development, with residential uses off of side streets. Contact Name: Jeff Jones (DiLeo-Bram & Co.) – (732) 985-3000

Mixed Residential Properties

614-622 12th Street, Union City, NJ

Property Description: Lots 43-48 are five contiguous parcels of land containing 24,138 square feet, approved for 20 condos.

Zoning: R (Mixed Residential District)

Location: The property is located in a secondary residential neighborhood of Union City. 12th Street is improved with a variety of single and multi-family residential uses and neighborhood commercial uses. The land use pattern comprises many multi-story buildings with commercial uses on the ground floor level and upper floor apartments. 12th Street is located one block west of Bergenline Avenue which is a primary commercial arterial roadway traversing Union City in a north to south direction.

Contact Name: Jeff Jones (DiLeo-Bram & Co.) –(732) 985-3000

Residential Properties

90-100 Catswamp Road, Allamuchy Township, NJ

Property Description: The property is 23.29 acre vacant parcel of residential zoned land.

Zoning:SFR, Single Family Residential

Location: The property is located along the south side of Catswamp Road, with two divided road frontages, and frontage at the northern end of Joseph Court, in Allamuchy Township, Warren County, New Jersey. Its neighborhood is rural and developed primarily with single-family detached dwellings varying in style, size and age. The subject is located within close proximity to Interstate 80, linking Warren County with New York City to the east, and Pennsylvania and the Pocono Mountain region to the west.

Contact Name: Ray Kenwell, 732-342-7600, ext. 104

#203, 816 Westfield Avenue, Elizabeth NJ

Property Description: The property is a condo unit that is currently being leased.

Sales Price: Contact Ray Kenwell for details, 732-342-7600, ext. 104