55 Madison Avenue

Off Market

55 Madison Avenue, Morristown, NJ 07960

  • Office
  • General Office
  • 89,000 Sqft

55 Madison Avenue, Morristown, NJ 07960 - Office Space

55 Madison Avenue is located at 55 Madison Avenue in the Morristown neighborhood, NJ, Morristown, 07960. The Class B Office building was completed in 1977 and features a total of 89,000 Sqft.

There are 39 office spaces for lease in the Morristown neighborhood, totaling 553,932 Sqft of available office space. The office space availability for the 07960 zip code is 1,117,701 Sqft, in 70 office spaces. The average asking office rent per sq. ft. in Morristown is $35.04/sqft/year. For Class A office buildings the average office rate is $33/sqft/year, for Class B office buildings the average office rate is $39.13/sqft/year.

In Morristown, there are 14 class B office buildings. In 1977, the same year 55 Madison Avenue was built, 1 more commercial property (office, industrial, retail) over 50,000 square feet was built in Morristown, featuring 89,000 square feet of commercial space. At zip code level, there are 44 commercial properties, of which 40 are office buildings over 50,000 square feet.

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Details

  • City Morristown
  • Neighborhood Morristown
  • Zip Code 07960
  • Market New Jersey
  • Property Type Office - General Office
  • Property Size 89,000 Sqft
  • Lot Size 2.42 Acre
  • Parking Spaces Avail. 329
  • Parking Ratio 3.70/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1977
  • Date Updated 10 Dec, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 55 Madison Avenue?

55 Madison Avenue totals 89,000 square feet.

When was this property built?

55 Madison Avenue was built in 1977.

Morristown Demographics

The average household income in zip code 07960 is $173,820, from a total of 18,047 households. In terms of employment, there are 91.61 % white-collar and 8.39 % blue-collar jobs in zip code 07960.

Population

  • Total Population18,909
  • Male Population(49.8 %) 9,425
  • Female Population(50.2 %) 9,484
  • Median Age34.40

Income/Financial

  • Average Household Income$123,888
  • Median Household Income$96,545
  • Median Income Under 25$74,528
  • Median Income 25-44$103,938
  • Median Income 45-64$108,480
  • Median Income Over 65$57,026