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177 Madison Avenue


177 Madison Avenue, Morristown, NJ 07960

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  • Property Type Office - General Office
  • Property Size 39,700 SF
  • Lot Size 2.94 Acre
  • Parking Spaces Avail. 102
  • Parking Ratio 2.59/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1979


  • City Morristown, NJ
  • Neighborhood Morristown
  • Zip Code 07960
  • Market New Jersey


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  • True Owner
  • Registered Owner


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  • Purchase Date 14 Jul, 1987
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Morristown

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Asking Rents in Morristown Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $34.72
  • 2020 Office Vacancy Rate 15.45%
  • 2020 Office Completions (SF)
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  • Property Tax in 2021 $106,671
  • Market Value* $3,700,000
  • Assessed Value $3,700,000

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 177 Madison Avenue?

177 Madison Avenue totals 39,700 square feet.

When was this property built?

177 Madison Avenue was built in 1979.

When was 177 Madison Avenue last sold?

177 Madison Avenue was last sold on 14 Jul, 1987.

What is the property tax for 177 Madison Avenue?

The property tax for 177 Madison Avenue in 2021 was $106,671.

What is the market value for 177 Madison Avenue?

The market value* for 177 Madison Avenue in 2021 was $3,700,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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