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38-40 Franklin Street, Paterson, NJ 07524 Property Information

38-40 Franklin Street, Paterson, NJ 07524 Property Information

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  • Owner
  • Documents
  • Tax
  • Neighborhood
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38-40 Franklin Street, Paterson, NJ 07524
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Address

Primary address 38-40 Franklin Street, Paterson
Zip code 07524
County Passaic
Municipality Paterson City
Block 3016
Lot 1
Neighborhood Riverside

Sales & Tax Overview for 38-40 Franklin Street, Paterson

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

Sale date 02/19/2025
Sale price $1
Arm's length
Property tax $3,969

Lot & Building Information for 38-40 Franklin Street, Paterson

Building class Commercial (4A)
Acreage 0.103
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
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 38-40 Franklin Street, Paterson

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  • • Improvements for 38-40 Franklin Street, Paterson , including their type, square footage, grade and when they were built.
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About 38-40 Franklin Street, Paterson

What is the assessed value of 38-40 Franklin Street, Paterson, NJ 07524 and the property tax paid?

Assessed at $74,400, the tax amount paid for 38-40 Franklin Street, Paterson, NJ 07524 is $3,969.

When was 38-40 Franklin Street, Paterson, NJ 07524 last sold and what was the last sale price?

38-40 Franklin Street, Paterson, NJ 07524 was last sold in 02/19/2025 for $1.

Ownership Information

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Real Estate Reports:
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.
Laura Pop-Badiu, Apr 09, 2026 How to Do a Title Search on Property Yourself: A Step-by-Step Online GuideĀ 
A property title search is the process of reviewing public records to confirm who legally owns a property and whether there are any liens, mortgages or legal claims attached to it. Explore our step-by-step guide explaining how you can perform a title search yourself. 
Research 100M+ property records powered by:
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Past Sales & Property History for 38-40 Franklin Street, Paterson

Create a free account to view the complete sales history for 38-40 Franklin Street, Paterson, including title documents, transfer conditions, mortgages and liens.

Purchase date Purchase price Buyer name Seller name
02/19/2025 $1
08/29/2001 $220,000
       
       
       
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Title Documents for 38-40 Franklin Street, Paterson

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.

Date Type Amount Party 1 Party 2 Maturity Index Document Related documents Doc image
02/19/2025 - D
04/02/2025 - R
Deed and Realty Tax Fees
08/29/2001 - D Deed and Realty Tax Fees
                   
                   
                   
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R: Recorded date
D: Document date

Property Taxes for 38-40 Franklin Street, Paterson

Access detailed property tax data for 38-40 Franklin Street, Paterson, NJ 07524. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Property tax $3,969
Market value $74,400

Assessment History for 38-40 Franklin Street, Paterson

Here's the assessment & property tax history for 38-40 Franklin Street, Paterson, 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 $74,400 $74,400 5.335 $3,969 +4.71%
2024 $74,400 $74,400 5.095 $3,791 +3.92%
2023 $74,400 $74,400 4.903 $3,648 -6.89%
2022 $84,400 $84,400 4.642 $3,918 +3.71%
2021 $84,400 $84,400 4.476 $3,778 +7.21%

Demographics by Zip Code

Total population 13,808
Median age 32.7
Average household income $63,852
Family households 81.1%
Occupied housing units 4,428
Owner occupied units 19.4%
Average number of people per household 3.11
Median year structure built 1938
Median value for units with a mortgage $409,200
Median value for units without a mortgage $353,900

Risk

Create a free account to unlock extended information for 38-40 Franklin Street, Paterson, 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).

FEMA flood zone(s) 0.2, X (See more on map)
Fire hazard zone See more on map
Geohazard zones map

Transportation

Access the detailed traffic volume map for 38-40 Franklin Street, Paterson 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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Neighbors for 38-40 Franklin Street, Paterson

Here are the neighbors for 38-40 Franklin Street, Paterson.

Address Square feet Purchase date Purchase price
41-47 Lafayette St, Paterson 02/19/2025 $1
76 Franklin St, Paterson 2,350 02/07/2002 $21,000
39-45 Summer St, Paterson 4,792 03/20/2025 $1,500,000
60-62 Franklin St, Paterson 03/20/2025 $1,500,000
62-64 Franklin St, Paterson 5,040 08/31/1987 $60,000
20 Franklin St, Paterson 09/25/2020 $2,000,000
66-72 Franklin St, Paterson 9,800 12/19/2008 $200,000
78-80 Franklin St, Paterson 2,085 08/09/1993 $70,000
15 Lafayette St, Paterson 1,440 07/13/2022 $1
24 Franklin St, Paterson 09/25/2020 $2,000,000
280-284 River St, Paterson 09/25/2020 $2,000,000
21-23 Lafayette St, Paterson 09/25/2020 $2,000,000
25-35 Lafayette St, Paterson 5,787 09/25/2020 $2,000,000
22 Franklin St, Paterson 09/25/2020 $2,000,000
286-288 River St, Paterson 09/25/2020 $2,000,000
42-44 Franklin St, Paterson 2,475 01/31/2006 $95,000
49-53 Lafayette St, Paterson 2,090 05/13/2025 $500,000
74 Franklin St, Paterson 1,650 02/18/2009 $43,500
28-32 Franklin St, Paterson 09/25/2020 $2,000,000
26 Franklin St, Paterson 09/25/2020 $2,000,000

Nearby ZIP Codes for 38-40 Franklin Street, Paterson

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