40-42 New Street, Newark, NJ 07102 Property Information
40-42 New Street, Newark, NJ 07102 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 40-42 New Street, Newark |
| Zip code | 07102 |
| County | Essex |
| Municipality | Newark City |
| Block | 65 |
| Lot | 20 |
| Neighborhood | Downtown Newark |
Sales & Tax Overview for 40-42 New Street, Newark
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 08/26/1993 |
| Sale price | $205,000 |
| Arm's length | Register |
| Property tax | $19,995 |
Lot & Building Information for 40-42 New Street, Newark
| Building class | Store-Other (739) |
| Acreage | 0.083 |
| Year built | 1900 |
| Units | 29 |
| Exterior structural material | Register |
Zoning, Use & Area Overview
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Other Property Data for 40-42 New Street, Newark
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- • Improvements for 40-42 New Street, Newark , including their type, square footage, grade and when they were built.
- • Development maps such as planimetric, zoning, land use and urban landscape maps (building age and stories).
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About 40-42 New Street, Newark
40-42 New Street, Newark, NJ 07102 was built in 1900 and has a current tax assessor's market value of $500,000.
How many commercial spaces does this building have?This building has 29 commercial spaces available for lease.
Ownership Information
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Past Sales & Property History for 40-42 New Street, Newark
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| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 08/26/1993 | $205,000 | Register | Register |
Title Documents for 40-42 New Street, Newark
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R: Recorded date
D: Document date
Property Taxes for 40-42 New Street, Newark
Access detailed property tax data for 40-42 New Street, Newark, NJ 07102. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $19,995 |
| Market value | $500,000 |
Assessment History for 40-42 New Street, Newark
Here's the assessment & property tax history for 40-42 New Street, Newark, 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 | $500,000 | $500,000 | 3.999 | $19,995 | +5.15% |
| 2024 | $500,000 | $500,000 | 3.803 | $19,015 | +2.01% |
| 2023 | $500,000 | $500,000 | 3.728 | $18,640 | -0.21% |
| 2022 | $500,000 | $500,000 | 3.736 | $18,680 | +0.05% |
| 2021 | $500,000 | $500,000 | 3.734 | $18,670 | -1.74% |
Demographics by Zip Code
| Total population | 12,358 |
| Median age | 33.7 |
| Average household income | $66,509 |
| Family households | 36.4% |
| Occupied housing units | 6,270 |
| Owner occupied units | 6.0% |
| Average number of people per household | 1.66 |
| Median year structure built | 1965 |
| Median value for units with a mortgage | $441,900 |
| Median value for units without a mortgage | $0 |
Risk
Create a free account to unlock extended information for 40-42 New Street, Newark, including whether it's located in FEMA flood zones, floodways or special flood hazard areas, as well as the Coastal barriers resources system area (COBRA).
| FEMA flood zone(s) | X (See more on map) |
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Transportation
Access the detailed traffic volume map for 40-42 New Street, Newark 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 40-42 New Street, Newark
Here are the neighbors for 40-42 New Street, Newark.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 141-159 Washington St, Newark | 683 | 10/04/2019 | $1 |
| 58-64 New St, Newark | 09/13/2019 | $1 | |
| 11 Warren St, Newark | 3,226 | 03/06/2025 | |
| 23 Warren St, Newark | 06/08/2009 | $1 | |
| 232-254 University Ave, Newark | 683 | 09/05/1975 | |
| 118-138 Washington St, Newark | 01/27/1997 | $2,500,000 | |
| 5 Warren St, Newark | 4,120 | 02/07/2019 | $477,750 |
| 19-21 Warren St, Newark | 6,048 | 11/10/2000 | $300,000 |
| 79 Halsey St, Newark | 11/27/2023 | ||
| 15 Warren St, Newark | 3,226 | 09/19/2025 | |
| 79 Academy St, Newark | 02/27/1998 | ||
| 7 Warren St, Newark | 3,420 | 02/11/2020 | $400,000 |
| 13 Warren St, Newark | 3,226 | 09/19/2025 | |
| 81 Halsey St, Newark | 10/26/2017 | $350,000 | |
| 17 Warren St, Newark | 3,436 | 08/21/1990 | $10,000 |
| 81-83 Academy St, Newark | 02/27/1998 | ||
| 83 Halsey St, Newark | 683 | 07/03/2025 | |
| 85 Halsey St, Newark | 09/11/2024 | ||
| 73 Academy St, Newark | 11/09/2023 | ||
| 75-77 Academy St, Newark | 683 | 09/19/1995 |