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Tenafly’s Planning Board approved a 10-lot subdivision of the Mackay-Lowe Estate…..

 

53 Knickerbocker Rd -Tenafly

53 Knickerbocker Rd -Tenafly

Tenafly’s Planning Board voted, 6-3, to allow the estate at 53 Knickerbocker Road to be torn down and 10, single-family homes to be built on the property.

In an effort to have the property preserved as a designated historic site, borough  officials are scrambling to find a buyer for the six-acre property.

Jeffrey Clyman and Sandra Merrill of New York, put it on the market for $6.9 million. After they got no buyers, they opted to subdivide the land so they could build homes and sell them for around $2 million each.

Mayor Peter Rustin requested that Watkins – attorney of the property owners –  wait 90 days to take action on the property so that he can find a buyer who will keep the home intact.

Watkins agreed to the request. “I have no problem working with the borough to sell the parcel as a whole if that’s the direction in which they’d like to go,” he said. He noted that a price of $6.9 million is firm

Read the full story on NORTHJERSEY.COM

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