Redevelopment Continues on Myrtle Avenue
by Rockland Daily Staff
A significant transformation is planned for Myrtle Avenue in Spring Valley.
According to the Rockland County Business Journal, Moses Friedman of Johnson Manor Development, LLC acquired 33 and 37 North Myrtle Avenue for $2.9 million.
The plan is to subdivide the 0.46-acre property and construct multiple two-family homes. The properties are in the R-2 Medium Density Zone, allowing for two-family dwellings on 10,000-square-foot lots. For additional development, a variance or special permit would be required.
Northeast Community Bank of White Plains financed the property acquisition for $1,620,000.
Another developer has purchased 22, 24, and 26 Myrtle Avenue consisting of several cottage homes and a truck parking lot. These three properties offer 1.76-acres combined. The developer plans to build three detached four-story buildings of 20 two-bedroom, 30 three-bedroom, and 30 four-bedroom apartments.