Passaic County  »  24-50 Summer St

24-50 Summer Street, Passaic, NJ 07055 - Property report

Also known as: 24-50 Summer St

Property image for 24-50 Summer Street, Passaic, NJ 07055
static Mapbox map

Property type

Apartment (4C)

Year built

1962

Acreage

1.502

Sale price

$13,100,000

General information

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Address
Primary address
24-50 Summer Street
ZIP code
07055
County
Passaic
Block
4104
Lot
21
Neighborhood
Monroe Street
Municipality
1607
Qualifier
Parcel ID
4104-21

Owner

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Sales
Sale date
04/08/2019
Sale price
$13,100,000
Arm's length
Tax
Tax year
2026
Current property tax
$276,770
Building
Property type
Apartment (4C)
Year built
1962
Exterior structural material
Lot
Acreage
1.502
Zoning & Use
Zoning
Qualified opportunity zone

Area overview

Walk score
82 /100.  Very Walkable
Transit score
54 /100.  Good Transit
Bike score
56 /100.  Bikeable
Broadband internet providers and speed map
Types of broadband connections

Ownership information for 24-50 Summer Street, Passaic, NJ

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

Sales history for 24-50 Summer Street, Passaic, NJ 07055

Sale date Sale price Buyer name Seller name
04/08/2019 $13,100,000 XX XX XXXXXX XX XXXXXXX XXX XX XX XXXXXX XXXXXX XXX
07/13/2017 $10,000,000 XX XX XXXXXX XX XXX XXXXXX XXXXXX XXX
05/07/1996 $130,000

*Most recent sales on record for this property.

More about Passaic County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
04/07/2022 - R
04/05/2022 - D
Mortgage XX XX XXXXXX XX XXXXXXX XXX XXX XXXX XXXXXXXXX XXXX
08/02/2021 - R
07/29/2021 - D
Mortgage XXXXXXXXX XXXX XXXXXXXXXXXX XXXXXXXX XXX
04/12/2019 - R
04/08/2019 - D
Mortgage XX XX XXXXXX XX XXXXXXX XXX XXX XXXX XXXXXXXXX XXXX
04/12/2019 - R
04/08/2019 - D
Deed and Realty Tax Fees XX XX XXXXXX XXXXXX XXX XX XX XXXXXX XX XXXXXXX XXX
07/31/2017 - R
07/13/2017 - D
Deed and Realty Tax Fees XXXXXX XXXXXX XXX XX XX XXXXXX XX XXX
05/07/1996 - D Deed and Realty Tax Fees

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 24-50 Summer Street, Passaic, 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
$276,770
Recent tax assessments
Market value
$6,500,000
Land value
$377,300
Building value
$6,122,700

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 $6,500,000 $6,500,000 4.258 $276,770 +3.27%
2024 $6,500,000 $6,500,000 4.123 $267,995 +2.97%
2023 $6,500,000 $6,500,000 4.004 $260,260 +3.09%
2022 $6,500,000 $6,500,000 3.884 $252,460 +3.30%
2021 $6,500,000 $6,500,000 3.76 $244,400 +0.78%
2020 $6,500,000 $6,500,000 3.731 $242,515 +1.47%
2019 $6,500,000 $6,500,000 3.677 $239,005 +2.20%
2018 $6,500,000 $6,500,000 3.598 $233,870 +3.18%
2017 $6,500,000 $6,500,000 3.487 $226,655 +3.53%
2016 $6,500,000 $6,500,000 3.368 $218,920 +20.45%

Permit information for 24-50 Summer Street, Passaic, NJ

No recently recorded permits for this property.

Demographics by ZIP code

Total population
70,002
Median age
31.9
Average household income
$78,683
Family households
73.8%
People per household (average)
3.29
Occupied housing units
21,151
Owner-occupied units
23.8%
Median year structure built
1938
Median value mortgaged units
$430,100
Median value unmortgaged units
$429,500

Risk

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FEMA flood zones

FEMA flood zones
X

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map

Access the detailed traffic volume map for 24-50 Summer Street, Passaic, NJ 07055 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Frequently asked questions

What is the year built for 24-50 Summer Street, Passaic, NJ 07055?

The development at 24-50 Summer Street, Passaic, NJ 07055 was built in 1962.

When was 24-50 Summer Street, Passaic, NJ 07055 last sold and what was the sale price?

24-50 Summer Street, Passaic, NJ 07055 was last sold on 04/08/2019 for $13,100,000.

What is the assessed value of 24-50 Summer Street, Passaic, NJ 07055?

24-50 Summer Street, Passaic, NJ 07055 is currently assessed at $6,500,000.

What are the property taxes for 24-50 Summer Street, Passaic, NJ 07055?

The property taxes for 24-50 Summer Street, Passaic, NJ 07055 total $276,770.

How many residential units does this building have?

This building has 102 residential unit(s).

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