Essex County  »  07114  »  Thomas St  »  242-260 Thomas St

242-260 Thomas Street, Newark, NJ 07114 Property Information

242-260 Thomas Street, Newark, NJ 07114 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Neighborhood
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242-260 Thomas Street, Newark, NJ 07114
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Address

Primary address 242-260 Thomas Street, Newark
Zip code 07114
County Essex
Municipality Newark City
Block 1161
Lot 14
Neighborhood South Ironbound

Sales & Tax Overview for 242-260 Thomas Street, Newark

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

Sale date 08/08/2014
Sale price $1,400,000
Arm's length
Property tax $43,754

Lot & Building Information for 242-260 Thomas Street, Newark

Building class Apartment-Other (029)
Acreage 1.096
Exterior structural material
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district Light Industrial (I-L)
Broadband internet providers and speed map
Types of broadband connections map

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 242-260 Thomas Street, Newark

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  • • Improvements for 242-260 Thomas Street, Newark , including their type, square footage, grade and when they were built.
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About 242-260 Thomas Street, Newark

What is the assessed value of 242-260 Thomas Street, Newark, NJ 07114 and the property tax paid?

Assessed at $1,150,500, the tax amount paid for 242-260 Thomas Street, Newark, NJ 07114 is $46,008.

When was 242-260 Thomas Street, Newark, NJ 07114 last sold and what was the last sale price?

242-260 Thomas Street, Newark, NJ 07114 was last sold in 08/08/2014 for $1,400,000.

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 242-260 Thomas Street, Newark

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Purchase date Purchase price Buyer name Seller name
08/08/2014 $1,400,000

Title Documents for 242-260 Thomas Street, Newark

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Date Type Amount Party 1 Party 2 Maturity Index Document Related documents Doc image
08/08/2014 - D
09/18/2014 - R
Deed and Realty Tax Fees
                   
                   
                   
                   
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R: Recorded date
D: Document date

Property Taxes for 242-260 Thomas Street, Newark

Access detailed property tax data for 242-260 Thomas Street, Newark, NJ 07114. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Property tax $43,754
Market value $1,150,500

Assessment History for 242-260 Thomas Street, Newark

Here's the assessment & property tax history for 242-260 Thomas 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
2024 $1,150,500 $1,150,500 3.803 $43,754 +2.01%
2023 $1,150,500 $1,150,500 3.728 $42,891 -0.21%
2022 $1,150,500 $1,150,500 3.736 $42,983 +0.05%
2021 $1,150,500 $1,150,500 3.734 $42,960 -1.74%
2020 $1,150,500 $1,150,500 3.8 $43,719 +1.04%

Risk

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

Transportation

Access the detailed traffic volume map for 242-260 Thomas 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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Schools

Nearest elementary schools

Name Rating Type Grade range No of students Distance to school (mi)
South Street Elementary School 4 Public PK, K-8 864 0.25
South Street Elementary School 4 Public PK, K-8 864 0.25
East Ward Elementary School 1 Public PK, K-5 666 0.39
East Ward Elementary School 1 Public PK, K-5 666 0.39
Oliver Street Elementary School 6 Public PK, K-8 1,045 0.41

Nearest middle schools

Name Rating Type Grade range No of students Distance to school (mi)
South Street Elementary School 4 Public PK, K-8 864 0.25
Oliver Street Elementary School 6 Public PK, K-8 1,045 0.41
United Academy NR Private PK, K-8 0 0.58
Link Community Charter School 6 Charter K-1, 5-8 339 0.60
Newark Boys Chorus School NR Private 3-8 47 0.62

Nearest high schools

Name Rating Type Grade range No of students Distance to school (mi)
East Side High School 2 Public 9-12 2,255 0.65
Great Oaks Charter School 4 Charter PK, K-12 2,012 0.86
St. James Preparatory School NR Private 8-12 0 1.02
Arts High School 3 Public 9-12 593 1.08
American History High School 1 Public 9-12 373 1.11

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 242-260 Thomas Street, Newark

Here are the neighbors for 242-260 Thomas Street, Newark.

Address Square feet Purchase date Purchase price
183-187 South St, Newark 01/31/2025 $1
191 Pacific St, Newark 1,176 05/27/2020 $310,000
225-229 Parkhurst St, Newark 10/09/2025 $1
262-268 Thomas St, Newark 6,917 06/18/2018 $1,000,000
189-213 South St, Newark 09/19/2012 $122,799
261-265 Parkhurst St, Newark 11/15/2022
209-219 Pacific St, Newark 02/09/2001 $1
189 Pacific St, Newark 1,073 04/16/2011 $1
225-253 Pacific St, Newark 23,386 07/14/2016 $2,000,000
48 Dawson St, Newark 01/31/2025 $1
139-147 Harper St, Newark 13,060 09/29/2023 $1
215 South St, Newark 09/27/1995
193-195 Pacific St, Newark 08/14/2024
118-144 Harper St, Newark 19,380 11/18/1994 $500,000
243-249 Parkhurst St, Newark 7,200 05/06/2024
70-76 Dawson St, Newark 07/31/2018 $600,000
2-16 Avenue C, Newark 01/28/2014 $730,000
270-272 Thomas St, Newark 8,229 06/18/2018 $1,000,000
251-259 Parkhurst St, Newark 12/13/2017 $325,000
231-241 Parkhurst St, Newark 01/18/2024

Nearby ZIP Codes for 242-260 Thomas Street, Newark

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