Morris County  »  07950  »  E Hanover Ave  »  40 E Hanover Ave

40 East Hanover Avenue, Morris Plains, NJ 07950 - Property report

Also known as: 40 E Hanover Ave

Property image for 40 East Hanover Avenue, Morris Plains, NJ 07950
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Property type

Apartment-Garden (020)

Year built

2003

Acreage

5.85

Sale price

$40,350,000

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
40 East Hanover Avenue
ZIP code
07950
County
Morris
Block
24
Lot
1
Municipality
1423
Qualifier
Parcel ID
24-1

Owner

Find out who owns 40 East Hanover Avenue, Morris Plains, NJ 07950. Uncover corporate and individual owners with a free account.

Sales
Sale date
06/25/2025
Sale price
$40,350,000
Arm's length
Tax
Tax year
2026
Current property tax
$559,286
Building
Property type
Apartment-Garden (020)
Year built
2003
Exterior structural material
Lot
Acreage
5.85
Zoning & Use
Zoning
Qualified opportunity zone

Area overview

Walk score
61 /100.  Somewhat Walkable
Transit score
0 /100.  Minimal Transit
Bike score
59 /100.  Bikeable
Broadband internet providers and speed map
Types of broadband connections
Ownership

Ownership information for 40 East Hanover Avenue, Morris Plains, NJ

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

Sales history for 40 East Hanover Avenue, Morris Plains, NJ 07950

Sale date Sale price Buyer name Seller name
06/25/2025 $40,350,000 XXX XX XXXXXX XXXXXX XXXXX XXX; XXX XX XXXXXX XXXXXX XXXX XXXX XXX XXXXX XXXX XXXXXXX X X X; XXXX XXXX XXXX XXXXXXX XXX
09/01/2011 $31,950,000 XXXXX XXXX XXXXXXX XXX XX XXXXXXXXX XXX
09/16/2005 $27,000,000 XX XXXXXXXXX,XXX %XXXXXXXXX XXXXXX XXXXXXXX XXXXXX XXXXXX,XXX

*Most recent sales on record for this property.

More about Morris County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
06/30/2025 - R
06/25/2025 - D		 Deed and Realty Tax Fees XXXXX XXXX XXXXXXX X X X XXX XX XXXXXX XXXXXX XXXXX XXX
09/13/2021 - R
06/01/2021 - D		 Mortgage XXXXX XXXX XXXXXXX XXX XXXXXXXXX XXXX XXXXXXXXX XX
09/02/2011 - R
09/01/2011 - D		 Deed and Realty Tax Fees XX XXXXXXXXX XXX XXXXX XXXX XXXXXXX XXX
09/23/2005 - R
09/16/2005 - D		 Deed and Realty Tax Fees XXXXXXXX XXXXXX XXXXXX,XXX XX XXXXXXXXX,XXX XXXXXXXXX XXXXXX
04/25/2002 - 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 40 East Hanover Avenue, Morris Plains, 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
$559,286
Recent tax assessments
Market value
$21,950,000
Land value
$5,800,000
Building value
$16,150,000

More about Morris 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 $21,950,000 $21,950,000 2.548 $559,286 +2.66%
2024 $21,950,000 $21,950,000 2.482 $544,799 -0.68%
2023 $21,950,000 $21,950,000 2.499 $548,531 +0.81%
2022 $21,950,000 $21,950,000 2.479 $544,141 +1.22%
2021 $21,950,000 $21,950,000 2.449 $537,556 +2.55%
2020 $21,950,000 $21,950,000 2.388 $524,166 +1.96%
2019 $21,950,000 $21,950,000 2.342 $514,069 +3.35%
2018 $21,950,000 $21,950,000 2.266 $497,387 +2.03%
2017 $21,950,000 $21,950,000 2.221 $487,510 +3.64%
2016 $21,950,000 $21,950,000 2.143 $470,389 -0.46%
Permits

Permit information for 40 East Hanover Avenue, Morris Plains, NJ

No recently recorded permits for this property.

Neighborhood

Demographics by ZIP code

Total population
21,651
Median age
44.4
Average household income
$186,145
Family households
63.9%
People per household (average)
2.49
Occupied housing units
8,367
Owner-occupied units
75.3%
Median year structure built
1971
Median value mortgaged units
$608,100
Median value unmortgaged units
$544,400

Risk

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FEMA flood zones

FEMA flood zones
-

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map
View daily traffic map

Access the detailed traffic volume map for 40 East Hanover Avenue, Morris Plains, NJ 07950 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Neighbors for 40 East Hanover Avenue, Morris Plains, NJ

11 Dayton Rd, Morris Plains 415 Speedwell Ave, Morris Plains 453 Speedwell Ave, Morris Plains 34 Canfield Pl, Morris Plains 41 Canfield Pl, Morris Plains 21 Dayton Rd, Morris Plains 17 Dayton Rd, Morris Plains 15 Dayton Rd, Morris Plains 35 Canfield Pl, Morris Plains 33 Canfield Pl, Morris Plains 28 E Hanover Ave, Morris Plains 469 Speedwell Ave, Morris Plains 37 Canfield Pl, Morris Plains 23 Dayton Rd, Morris Plains 435 Speedwell Ave, Morris Plains 31 Canfield Pl, Morris Plains 475 Speedwell Ave, Morris Plains 30 Canfield Pl, Morris Plains 19 Dayton Rd, Morris Plains 39 Canfield Pl, Morris Plains

Nearby ZIP codes for 40 East Hanover Avenue, Morris Plains, NJ

07005, Morris County, NJ 07034, Morris County, NJ 07046, Morris County, NJ 07054, Morris County, NJ 07801, Morris County, NJ 07803, Morris County, NJ 07834, Morris County, NJ 07842, Morris County, NJ 07869, Morris County, NJ 07878, Morris County, NJ 07926, Morris County, NJ 07927, Morris County, NJ 07932, Morris County, NJ 07935, Morris County, NJ 07940, Morris County, NJ 07960, Morris County, NJ 07961, Morris County, NJ 07970, Morris County, NJ 07981, Morris County, NJ

Frequently asked questions

What is the year built for 40 East Hanover Avenue, Morris Plains, NJ 07950?

The development at 40 East Hanover Avenue, Morris Plains, NJ 07950 was built in 2003.

When was 40 East Hanover Avenue, Morris Plains, NJ 07950 last sold and what was the sale price?

40 East Hanover Avenue, Morris Plains, NJ 07950 was last sold on 06/25/2025 for $40,350,000.

What is the assessed value of 40 East Hanover Avenue, Morris Plains, NJ 07950?

40 East Hanover Avenue, Morris Plains, NJ 07950 is currently assessed at $21,950,000.

What are the property taxes for 40 East Hanover Avenue, Morris Plains, NJ 07950?

The property taxes for 40 East Hanover Avenue, Morris Plains, NJ 07950 total $559,286.

How many residential units does this building have?

This building has 116 residential unit(s).

Disclaimer

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