Essex County  »  07102  »  Market St  »  245-281 Market St

245-281 Market Street, Newark, NJ 07102 - Property report

Also known as: 245-281 Market St

Property image for 245-281 Market Street, Newark, NJ 07102
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Property type

Office - General (560)

Year built

1900

Acreage

1.081

Sale price

$23,638,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
245-281 Market Street
ZIP code
07102
County
Essex
Block
151
Lot
1
Neighborhood
Downtown Newark
Municipality
714
Qualifier
Parcel ID
151-1

Owner

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Sales
Sale date
12/28/2018
Sale price
$23,638,000
Arm's length
Tax
Tax year
2026
Current property tax
$282,089
Building
Property type
Office - General (560)
Building sq. ft.
877
Year built
1900
Exterior structural material
Lot
Acreage
1.081
Zoning & Use
Zoning
Qualified opportunity zone

Area overview

Walk score
94 /100.  Walker's Paradise
Transit score
99 /100.  Rider's Paradise
Bike score
70 /100.  Very Bikeable
Broadband internet providers and speed map
Types of broadband connections
Ownership

Ownership information for 245-281 Market Street, Newark, NJ

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 245-281 Market Street, Newark, NJ 07102

Sale date Sale price Buyer name Seller name
12/28/2018 $23,638,000 XXX XXXXXXX XXXXXX XXXXXXXX XXXXX XXXXX XXXXXXX XXXXXX, XXX
05/25/2018 $100,000 XXXXX XXXXXXX XXXXXX XXXXXXX XXX XXXXXXX XX XXXXX XXXXXXX XXXX XXX
05/01/2017 $95,000,000 XXXXXXX XX XXXXXXX XX XXX XXXXXXX,XXX

*Most recent sales on record for this property.

More about Essex County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
06/19/2023 - R
06/14/2023 - D		 Subordination, Non - Disturbance and Attornment Agreement XXX XXXXXXX XXXXXX XXXXXXXXX XXXXX XXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
06/19/2023 - R
06/12/2023 - D		 XXX XXXXXXX XXXXXX XXXXXXXXX XXXXX XXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
01/12/2022 - R
11/23/2021 - D		 Subordination, Non-Disturbance and Attornment Agreement XXX XXXXXXX XXXXXX XXXXXXXX XXXXX XXX XXXXXX XXXXXXXXX XXX
02/21/2019 - R
12/28/2018 - D		 Deed and Realty Tax Fees XXXXX XXXXXXX XXXXXX, XXX XXX XXXXXXX XXXXXX XXXXXXXX XXXXX
06/08/2018 - R
05/25/2018 - D		 Deed and Realty Tax Fees XXXXXXX XX XXXXX XXXXXXX XXXX XXX XXXXX XXXXXXX XXXXXX XXXXXXX XXX
09/06/2017 - R
05/01/2017 - D		 Deed and Realty Tax Fees XXXXXXX XX XXX XXXXXXX,XXX XXXXXXX XX
09/27/2002 - D Deed and Realty Tax Fees

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 245-281 Market Street, Newark, NJ

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2026
Property tax
$282,089
Recent tax assessments
Market value
$7,054,000
Land value
$2,166,000
Building value
$4,888,000

More about Essex County property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Tax rate Property tax Y-o-Y change
2025 $7,054,000 $7,054,000 3.999 $282,089 +5.15%
2024 $7,054,000 $7,054,000 3.803 $268,264 +2.01%
2023 $7,054,000 $7,054,000 3.728 $262,973 -0.21%
2022 $7,054,000 $7,054,000 3.736 $263,537 +0.05%
2021 $7,054,000 $7,054,000 3.734 $263,396 -1.74%
2020 $7,054,000 $7,054,000 3.8 $268,052 +1.04%
2019 $7,054,000 $7,054,000 3.761 $265,301 +1.84%
2018 $7,054,000 $7,054,000 3.693 $260,504 +3.74%
2017 $7,054,000 $7,054,000 3.56 $251,122 +3.49%
2016 $7,054,000 $7,054,000 3.44 $242,658 +3.96%
Permits

Permit information for 245-281 Market Street, Newark, NJ

No recently recorded permits for this property.

Neighborhood

Demographics by ZIP code

Total population
12,358
Median age
33.7
Average household income
$66,509
Family households
36.4%
People per household (average)
1.66
Occupied housing units
6,270
Owner-occupied units
6.0%
Median year structure built
1965
Median value mortgaged units
$441,900

Risk

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FEMA flood zones

FEMA flood zones
X

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map
View daily traffic map

Access the detailed traffic volume map for 245-281 Market Street, Newark, NJ 07102 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Neighbors for 245-281 Market Street, Newark, NJ

788-824 McCarter Hwy, Newark 334-352 Market St, Newark 1-25 Alling St, Newark 1048 Raymond Blvd, Newark 181-183 Market St, Newark 241-263 Market St, Newark 12 Beaver St, Newark 105-109 Mulberry St, Newark 337-353 Market St, Newark 27-35 Clinton St, Newark 780-786 Mayor Gibson, Newark 283-299 Market St, Newark 604 McCarter Hwy, Newark 1088-1132 Raymond BD, Newark 326-332 Market St, Newark 144-150 Edison Pl, Newark 138-142 Edison Pl, Newark 136 Edison Pl, Newark 329-335 Market St, Newark 9 Clinton St, Newark

Nearby ZIP codes for 245-281 Market Street, Newark, NJ

07003, Essex County, NJ 07017, Essex County, NJ 07018, Essex County, NJ 07028, Essex County, NJ 07031, Bergen County, NJ 07032, Hudson County, NJ 07050, Essex County, NJ 07103, Essex County, NJ 07104, Essex County, NJ 07105, Essex County, NJ 07106, Essex County, NJ 07107, Essex County, NJ 07108, Essex County, NJ 07109, Essex County, NJ 07111, Essex County, NJ 07112, Essex County, NJ 07114, Essex County, NJ 07201, Union County, NJ 07205, Union County, NJ

Frequently asked questions

What is the year built for 245-281 Market Street, Newark, NJ 07102?

The development at 245-281 Market Street, Newark, NJ 07102 was built in 1900.

What is the market value of 245-281 Market Street, Newark, NJ 07102?

The current market value of 245-281 Market Street, Newark, NJ 07102 is $7,054,000.

What is the total square footage of 245-281 Market Street, Newark, NJ 07102?

245-281 Market Street, Newark, NJ 07102 has a total of 877 square feet.

What is the price per square foot for this property?

$26,953 per square foot is the price for 245-281 Market Street, Newark, NJ 07102.

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