Morris County  »  07960  »  Madison Ave  »  161 Madison Ave

Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960 - Property report

Also known as: 161 Madison Ave

Property image for Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960
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Property type

Office Building (SCILSO)

Acreage

6.6

Sale price

$21,500,000

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
Morristown Plaza - 161 Madison Avenue
ZIP code
07960
County
Morris
Block
1402
Lot
3
Municipality
1424
Qualifier
Parcel ID
1402-3

Owner

Find out who owns Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960. Uncover corporate and individual owners with a free account.

Sales
Sale date
06/07/2023
Sale price
$21,500,000
Arm's length
Tax
Tax year
2026
Current property tax
$479,093
Building
Property type
Office Building
Building sq. ft.
122,103
Exterior structural material
Lot
Acreage
6.6
Zoning & Use
Qualified opportunity zone

Area overview

Walk score
34 /100.  Car-Dependent
Transit score
20 /100.  Minimal Transit
Bike score
42 /100.  Somewhat Bikeable
Broadband internet providers and speed map
Types of broadband connections
Ownership

Ownership information for Morristown Plaza - 161 Madison Avenue, Morristown, NJ

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

Sales history for Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960

Sale date Sale price Buyer name Seller name
06/07/2023 $21,500,000 XXX XXXXXXX XXX XXX XXXXXXX XXXXX XXX-XXX XXXXXXX XXXXX XXXXX XXXXXXX XXXXXX XXX; XXX XXX XXX-XXX XXX XXXXX XXXXXXX XXXXXX XXX
06/30/2017 $1 XXXX XX XXXXXXXXXX XXXXXX XXXX XXX
10/31/2006 $7,363,125 XXXXXXXXX XXXXXX XXXXXXXXXX XXX XXXXXXXXXX XXXXX XXXXXXXXXX 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 #
06/14/2023 - R
06/07/2023 - D		 Mortgage XXX XXXXXXX XXX XXXXXXX-XXXXXXXXX XXXX
06/14/2023 - R
06/07/2023 - D		 Deed and Realty Tax Fees XXX XXXXXXX XXXXX XXX-XXX XXXXXXX XXXXX XXXXX XXXXXXX XXXXXX XXX XXX XXXXXXX XXX
07/14/2017 - R
06/30/2017 - D		 Deed and Realty Tax Fees XXXXXX XXXX XXX XXXX XX XXXXXXXXXX
07/29/2009 - R
07/27/2009 - D		 Deed and Realty Tax Fees XXXXXXXXX XXXXXX XXXXXXXXXX XXX XXX-XXX XXXXXXX XXXXXX, XXX
11/03/2006 - R
10/31/2006 - D		 Deed and Realty Tax Fees XXXXXXXX,XXXX X XXXXXX XXXXXXXXX XXXX XX XXXXXXXXXX XXX
11/03/2006 - R
10/31/2006 - D		 Deed and Realty Tax Fees XXXXXXXX, XXXX XXXXXXXXX XXXXXX XXXXXXXXXX XXX
11/03/2006 - R
10/31/2006 - D		 Deed and Realty Tax Fees XXXXXX, XXXX X,XXXX.XX XXXXXX XXXXXXXXX XXXXXX XXXXXXXXXX XXX
11/03/2006 - R
10/31/2006 - D		 Deed and Realty Tax Fees XXXXXXXXXX XXXXX XXXXXXXXXX XXX XXXXXXXXX XXXXXX XXXXXXXXXX XXX
11/03/2006 - R
10/30/2006 - D		 Deed and Realty Tax Fees XXXXXXXXXX XXXXX XXXXXXXXXX XXX XXXXXXXX, XXXX X XXXXX
11/03/2006 - R
10/30/2006 - D		 Deed and Realty Tax Fees XXXXXXXXXX XXXXX XXXXXXXXXX XXX XXXXXX, XXXX X,XXXX.XX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Morristown Plaza - 161 Madison Avenue, Morristown, 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
$479,093
Recent tax assessments
Market value
$20,839,200
Land value
$8,250,000
Building value
$12,589,200

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 $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%
2020 $13,000,000 $13,000,000 2.883 $374,790 +0.03%
2019 $13,000,000 $13,000,000 2.882 $374,660 +1.30%
2018 $13,000,000 $13,000,000 2.845 $369,850 +3.08%
2017 $13,000,000 $13,000,000 2.76 $358,800 +2.64%
2016 $13,000,000 $13,000,000 2.689 $349,570 +2.44%
Permits

Permit information for Morristown Plaza - 161 Madison Avenue, Morristown, NJ

No recently recorded permits for this property.

Neighborhood

Demographics by ZIP code

Total population
46,702
Median age
40
Average household income
$225,910
Family households
62.5%
People per household (average)
2.44
Occupied housing units
18,575
Owner-occupied units
62.5%
Median year structure built
1969
Median value mortgaged units
$743,100
Median value unmortgaged units
$720,300

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 Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Neighbors for Morristown Plaza - 161 Madison Avenue, Morristown, NJ

20 Valley View Dr, Morristown 8 John Glenn Rd, Morristown 123 Village Dr, Morristown 116 Village Dr, Morristown 15 Sunset Pl, Morristown 118 Village Dr, Morristown 19 Sunset Pl, Morristown 2 John Glenn Rd, Morristown 121 Village Dr, Morristown 169 Madison Ave, Morristown 120 Village Dr, Morristown 115 Village Dr, Morristown 117 Village Dr, Morristown 151 Madison Ave, Morristown 11 Sunset Pl, Morristown 122 Village Dr, Morristown 119 Village Dr, Morristown 4 John Glenn Rd, Morristown 7 Sunset Pl, Morristown 6 John Glenn Rd, Morristown

Nearby ZIP codes for Morristown Plaza - 161 Madison Avenue, Morristown, NJ

07054, Morris County, NJ 07834, Morris County, NJ 07869, Morris County, NJ 07878, Morris County, NJ 07924, Somerset County, NJ 07926, Morris County, NJ 07927, Morris County, NJ 07928, Morris County, NJ 07932, Morris County, NJ 07933, Morris County, NJ 07935, Morris County, NJ 07940, Morris County, NJ 07946, Morris County, NJ 07950, Morris County, NJ 07961, Morris County, NJ 07970, Morris County, NJ 07976, Morris County, NJ 07980, Morris County, NJ 07981, Morris County, NJ

Frequently asked questions

What is the total square footage of Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960?

Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960 has a total of 122,103 square feet.

When was Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960 last sold and what was the sale price?

Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960 was last sold on 06/07/2023 for $21,500,000.

What is the assessed value of Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960?

Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960 is currently assessed at $20,839,200.

What are the property taxes for Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960?

The property taxes for Morristown Plaza - 161 Madison Avenue, Morristown, NJ 07960 total $479,093.

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