Union County  »  506-516 Cherry St

506-516 Cherry Street, Elizabeth, NJ 07208 Property Information

506-516 Cherry Street, Elizabeth, NJ 07208 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Neighborhood
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506-516 Cherry Street, Elizabeth, NJ 07208
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Address

Primary address 506-516 Cherry Street, Elizabeth
Zip code 07208
County Union
Municipality Elizabeth City
Block 158
Lot 25
Neighborhood Elmora

Sales & Tax Overview for 506-516 Cherry Street, Elizabeth

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Property tax $130,486

Lot & Building Information for 506-516 Cherry Street, Elizabeth

Building class Apartment-Other (029)
Acreage 1.334
Year built 1962
Units 67
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Zoning, Use & Area Overview

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Zoning district
Broadband internet providers and speed map
Types of broadband connections map

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Other Property Data for 506-516 Cherry Street, Elizabeth

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  • • Improvements for 506-516 Cherry Street, Elizabeth , including their type, square footage, grade and when they were built.
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About 506-516 Cherry Street, Elizabeth

When was 506-516 Cherry Street, Elizabeth, NJ 07208 built?

506-516 Cherry Street, Elizabeth, NJ 07208 was built in 1962.

What is the assessed value of 506-516 Cherry Street, Elizabeth, NJ 07208 and the property tax paid?

Assessed at $6,469,300, the tax amount paid for 506-516 Cherry Street, Elizabeth, NJ 07208 is $130,485.

How many residential units does this building have?

This building has 67 residential unit(s).

Ownership Information

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Real Estate Reports:
Laura Pop-Badiu, May 07, 2026 Locked-In Owners, Mobile Renters: Homeowners Stay Put as Renters Move 3.7x More Across Largest U.S. Cities 
Renters became the primary drivers of long-distance mobility across the largest U.S. cities, moving 3.7 times more than owners in 2024, as high mortgage rates and housing costs kept many homeowners in place.
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Apr 15, 2026 2026 Q1 Foreclosure Report: Brooklyn Filings Fall Sharply, Bronx & Staten Island Hit New Peaks
Behind a deceptively mild citywide downtick, borough foreclosure markets pulled into significantly diverging paths as Brooklyn cases were nearly halved and the Bronx hit a new, record high. Meanwhile, Queens remained unchanged, Staten Island surged back up and Manhattan cooled slowly.
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Past Sales & Property History for 506-516 Cherry Street, Elizabeth

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No recorded sales for this property.

Title Documents for 506-516 Cherry Street, Elizabeth

Data not available for this property.

Property Taxes for 506-516 Cherry Street, Elizabeth

Access detailed property tax data for 506-516 Cherry Street, Elizabeth, NJ 07208. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Property tax $130,486
Market value $6,469,300

Assessment History for 506-516 Cherry Street, Elizabeth

Here's the assessment & property tax history for 506-516 Cherry Street, Elizabeth, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessment value Total tax rate Property tax Year over year change
2025 $6,469,300 $6,469,300 2.017 $130,486 +4.83%
2024 $6,469,300 $6,469,300 1.924 $124,469 -10.00%
2023 $440,000 $440,000 31.43 $138,292 n/a

Demographics by Zip Code

Total population 31,937
Median age 37.9
Average household income $90,591
Family households 65.7%
Occupied housing units 11,779
Owner occupied units 28.0%
Average number of people per household 2.7
Median year structure built 1956
Median value for units with a mortgage $460,700
Median value for units without a mortgage $457,000

Risk

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FEMA flood zone(s) X (See more on map)
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Geohazard zones map

Transportation

Access the detailed traffic volume map for 506-516 Cherry Street, Elizabeth to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

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Neighbors for 506-516 Cherry Street, Elizabeth

Here are the neighbors for 506-516 Cherry Street, Elizabeth.

Address Square feet Purchase date Purchase price
518 Cherry St, Elizabeth 28,488
528-536 Cherry St, Elizabeth 18,204
126-128 Lincoln Ave, Elizabeth 1,866
139-141 Stiles St, Elizabeth 1,917 10/10/2025 $665,000
117-119 Stiles St, Elizabeth 3,960
178-180 Lincoln Ave, Elizabeth 1,536
133 Stiles St, Elizabeth 1,650
121-123 Stiles St, Elizabeth 3,404
135 Stiles St, Elizabeth 1,566
137 Stiles St, Elizabeth 1,881 07/24/2025 $1
122-126 Lincoln Ave, Elizabeth 2,829
500-504 Cherry St, Elizabeth
125-127 Stiles St, Elizabeth 3,142
129-131 Stiles St, Elizabeth 1,986
540-542 Cherry St, Elizabeth 3,237 10/18/2023 $810,000
538-540 Cherry St, Elizabeth
182-184 Lincoln Ave, Elizabeth 1,444
134-136 Lincoln Ave, Elizabeth 1,521 06/27/2025 $500,000
128-130 Lincoln Ave, Elizabeth 1,891 10/14/2025 $10
132-134 Lincoln Ave, Elizabeth 1,570

Nearby ZIP Codes for 506-516 Cherry Street, Elizabeth

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