| Primary address | 161 Madison Avenue, Morristown |
| Zip code | 07960 |
| County | Morris |
| Municipality | Morristown Town |
| Block | 1402 |
| Lot | 3 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 06/07/2023 |
| Sale price | $21,500,000 |
| Arm's length | Register |
| Property tax | $479,093 |
| Building sqft | 122,103 |
| Building class | Office Building |
| Acreage | 6.6 |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Property reports include comprehensive occupancy, improvement and development information (where available).
Create a free account to access valuable data points such as:
This Office Building (SCILSO) located at Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960 has a total of 122,103 square feet and a current price per square foot of $176.
What is the market value of Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960?The current market value is $20,839,200.
View detailed property contacts like owners, building management, representatives from permits and tenants with a free account.
| Listing type | For Lease |
|---|---|
| Listing date | 03/04/2026 |
| Last updated | 05/26/2026 |
• Located on premier Madison Avenue in Morristown • Minutes to shopping, banking and restaurants • Direct access to Routes 287, 24, 202 & 10 • Minutes to Morristown and Convent Train Stations • Walking distance to Morristown Medical Center • 34 Minutes to Holland Tunnel • 24 Minutes to Newark Liberty International Airport • 5 Minutes to Morristown AirportTOTAL BUILDING SF: 161 Madison Avenue 33,921 RSF 163 Madison Avenue 88,182 RSF AVAILABLE SF: IMMEDIATELY AVAILABLE 163 Madison Avenue 1st Floor - 4,033 RSF AVAILABLE 12/1/2026 161 Madison Avenue Suite 210 - 1,530 RSF AVAILABLE 3/1/2027 161 Madison Avenue Suite 207 - 4,303 RSF ASKING RENTAL RATE: $27.00 PSF + TE COMPLEX AMENITIES: High-end Grab-and- Go Cafe Fitness Center Conferencing Center On-Site Maintenance Outdoor Plaza Seating On-Site Banking (PNC Bank)
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| 163 Madison Avenue - 1st Floor | Office | $27/Sq. ft./Year | 4,033 | Douglas Rowe |
| 161 Madison Avenue - Suite 210 | Office | $27/Sq. ft./Year | 1,530 | Douglas Rowe |
| 161 Madison Avenue - Suite 207 | Office | $27/Sq. ft./Year | 4,303 | Douglas Rowe |
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Create a free account to view the complete sales history for 161 Madison Avenue, Morristown, including title documents, transfer conditions, mortgages and liens.
*Here are the three most recent sales for this property.
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for Morristown Plaza - Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $479,093 |
| Market value | $20,839,200 |
Here's the assessment & property tax history for 161 Madison Avenue, Morristown, 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 | $20,839,200 | $20,839,200 | 2.299 | $479,093 | +45.97% |
| 2024 | $20,839,200 | $20,839,200 | 1.575 | $328,217 | -13.12% |
| 2023 | $13,000,000 | $13,000,000 | 2.906 | $377,780 | +0.62% |
| 2022 | $13,000,000 | $13,000,000 | 2.888 | $375,440 | +0.56% |
| 2021 | $13,000,000 | $13,000,000 | 2.872 | $373,360 | -0.38% |
| Total population | 46,702 |
| Median age | 40 |
| Average household income | $225,910 |
| Family households | 62.5% |
| Occupied housing units | 18,575 |
| Owner occupied units | 62.5% |
| People per household (average) | 2.44 |
| Median year structure built | 1969 |
| Median value for units with a mortgage | $743,100 |
| Median value for units without a mortgage | $720,300 |
Create a free account to unlock extended information for 161 Madison Avenue, Morristown, 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).
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Access the detailed traffic volume map for 161 Madison Avenue, Morristown to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
| View daily traffic map |
Here are the neighbors for Morristown Plaza - 161 Madison Avenue, Morristown.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 20 Valley View Dr, Morristown | 1,040 | 10/03/2012 | $1 |
| 8 John Glenn Rd, Morristown | 2,126 | 08/18/2006 | $610,000 |
| 123 Village Dr, Morristown | 1,301 | 01/08/2013 | $280,000 |
| 116 Village Dr, Morristown | 1,083 | 02/17/2021 | $370,000 |
| 15 Sunset Pl, Morristown | 1,724 | 06/10/2011 | $590,000 |
| 118 Village Dr, Morristown | 1,083 | 11/30/2023 | $470,000 |
| 19 Sunset Pl, Morristown | 1,598 | 07/15/2013 | $525,000 |
| 2 John Glenn Rd, Morristown | 1,408 | 08/15/1986 | $224,900 |
| 121 Village Dr, Morristown | 1,083 | 07/14/2023 | $440,000 |
| 169 Madison Ave, Morristown | 01/31/1985 | $4,200,000 | |
| 120 Village Dr, Morristown | 1,083 | 08/23/2019 | $1 |
| 115 Village Dr, Morristown | 1,083 | 03/30/2020 | $315,000 |
| 117 Village Dr, Morristown | 1,083 | 03/31/2022 | $1 |
| 151 Madison Ave, Morristown | 12/07/2017 | $1 | |
| 11 Sunset Pl, Morristown | 1,624 | 11/25/2024 | |
| 122 Village Dr, Morristown | 1,295 | 10/05/1994 | $167,990 |
| 119 Village Dr, Morristown | 1,083 | 08/01/2025 | $195,000 |
| 4 John Glenn Rd, Morristown | 1,988 | 04/19/2022 | $825,000 |
| 7 Sunset Pl, Morristown | 2,663 | 07/02/2021 | $425,000 |
| 6 John Glenn Rd, Morristown | 1,354 | 10/13/2011 | $300,000 |