Morris County  »  07960  »  Park  »  40 Park

40 Park, Morristown, NJ 07960 - Property report

Also known as: 40 Park

Property image for 40 Park, Morristown, NJ 07960

Property type

Commercial (4A)

Acreage

2.49

Sale price

$15,650,000

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 Park
ZIP code
07960
County
Morris
Block
6004
Lot
1.04
Municipality
1424
Qualifier
Parcel ID
6004-1.04

Owner

Find out who owns 40 Park, Morristown, NJ 07960. Uncover corporate and individual owners with a free account.

Sales
Sale date
10/22/2024
Sale price
$15,650,000
Arm's length
Tax
Tax year
2026
Current property tax
$31,609
Building
Property type
Commercial (4A)
Exterior structural material
Lot
Acreage
2.49
Zoning & Use
Zoning
Qualified opportunity zone
Ownership

Ownership information for 40 Park, Morristown, NJ

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

Sales history for 40 Park, Morristown, NJ 07960

Sale date Sale price Buyer name Seller name
10/22/2024 $15,650,000 XXXXX XXXX XXXXXXXX XXX; XXXX XXXX XXXX XXXXXXXX XXX XXXXXXXX X XXXXX XXXX XXXXXXXX XXXX XXX; XXXXXXXX X XXXX XXXX XXXX XXXXXXXX XXXX XXX
08/12/2013 $1 XXXXXXXX X XX XXXX XXXXXXXX XXXX XX XXXXXXXX X XXXXXXX XXX
06/02/2008 $1 XXXXXXXX X XXXXXXX XXX XX XXXX 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 #
01/17/2025 - R
10/22/2024 - D		 Deed and Realty Tax Fees XXXXXXXX X XXXXX XXXX XXXXXXXX XXXX XXX XXXXX XXXX XXXXXXXX XXX
08/30/2013 - R
08/12/2013 - D		 Deed and Realty Tax Fees XXXXXXXX X XXXXXXX XXX XXXXXXXX X XX XXXX XXXXXXXX XXXX XX
06/04/2008 - R
06/02/2008 - D		 Deed and Realty Tax Fees XX XXXX XXX XXXXXXXX X XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 40 Park, 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
$31,609
Recent tax assessments
Market value
$1,374,900
Land value
$430,600
Building value
$944,300

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 $1,374,900 $1,374,900 2.299 $31,609 +45.97%
2024 $1,374,900 $1,374,900 1.575 $21,655 -6.98%
2023 $801,100 $801,100 2.906 $23,280 +0.62%
2022 $801,100 $801,100 2.888 $23,136 +0.56%
2021 $801,100 $801,100 2.872 $23,008 -0.38%
2020 $801,100 $801,100 2.883 $23,096 +0.03%
2019 $801,100 $801,100 2.882 $23,088 +1.30%
2018 $801,100 $801,100 2.845 $22,791 +3.08%
2017 $801,100 $801,100 2.76 $22,110 +2.64%
2016 $801,100 $801,100 2.689 $21,542 +2.44%
Permits

Permit information for 40 Park, 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

Neighbors for 40 Park, Morristown, NJ

7 Maple Ave, Morristown 30 A King St, Morristown 28 B King St, Morristown 4 Woodland Ave, East Hanover 6 Woodland Ave, Morristown 30 B King St, Morristown 40 Market St, Morristown 28 A King St, Morristown 27 B Hazel St, Morristown 40 Park, Morristown 27 A Hazel St, Morristown

Nearby ZIP codes for 40 Park, 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

When was 40 Park, Morristown, NJ 07960 last sold and what was the sale price?

40 Park, Morristown, NJ 07960 was last sold on 10/22/2024 for $15,650,000.

What is the assessed value of 40 Park, Morristown, NJ 07960?

40 Park, Morristown, NJ 07960 is currently assessed at $1,374,900.

What are the property taxes for 40 Park, Morristown, NJ 07960?

The property taxes for 40 Park, Morristown, NJ 07960 total $31,608.

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