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.
Active
$499,000
21 Prospect St, Bloomfield Twp., NJ 07003
--beds
--baths
4,356Square Feet
Unimproved Land
Built in ----
4,356 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Corner parcelQuiet tree-lined street
- 189 days |
- 137 |
- 3 |
Zillow last checked: December 14, 2025 at 11:15pm
Listing updated: June 20, 2025 at 07:33am
Listed by:
Veronica Fairweather 718-812-5391,
Exp Realty, Llc
Source: GSMLS,MLS#: 3968204
Facts & features
Property
Lot
- Size: 4,356 Square Feet
- Dimensions: 46 x 94
Details
- Additional structures: Abandoned Building
- Parcel number: 1602001260000000010001
- Zoning description: R-2B,Residential 2 Family
Utilities & green energy
- Sewer: Public Sewer in Street
- Water: See Remarks
Community & HOA
Location
- Region: Bloomfield
Financial & listing details
- Tax assessed value: $74,400
- Annual tax amount: $2,523
- Date on market: 6/9/2025
- Road surface type: Blacktop/Asphalt Road
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2025 | Listed for sale | $499,000+299.2% |
Source: | ||
| 10/24/2015 | Listing removed | $125,000 |
Source: RE/MAX Village Square - Upper Montclair #3215788 Report a problem | ||
| 4/25/2015 | Listed for sale | $125,000 |
Source: RE/MAX Village Square - Upper Montclair #3215788 Report a problem | ||
| 2/5/2015 | Listing removed | $125,000 |
Source: Weichert Realtors #3117258 Report a problem | ||
| 3/8/2014 | Listed for sale | $125,000-70.2% |
Source: Weichert Realtors #3117258 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,524 | $74,400 |
| 2024 | $2,524 -21.3% | $74,400 |
| 2023 | $3,206 | $74,400 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 07003
Nearby schools
GreatSchools rating
- 4/10Watsessing Elementary SchoolGrades: K-6Distance: 0.2 mi
- 4/10Bloomfield Middle SchoolGrades: 7-8Distance: 3 mi
- 4/10Bloomfield High SchoolGrades: 9-12Distance: 1.1 mi
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