55 Madison Avenue
55 Madison Avenue, Morristown, NJ 07960
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- Property Type Office - General Office
- Property Size 89,000 SF
- 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
- City Morristown, NJ
- Neighborhood Morristown
- Zip Code 07960
- Market New Jersey
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|370 17th Street #5500||MERRILL, (303) 446-5500||23,824 SF||$23/SF/YR||Modified
|370 17th Street
|Morrison & Foerster,
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Average Actual Rents in Morristown
Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.
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)
- Property Tax in 2022 $272,840
- Market Value* $9,500,000
- Assessed Value $9,500,000
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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 55 Madison Avenue?
55 Madison Avenue totals 89,000 square feet.
When was this property built?
55 Madison Avenue was built in 1977.
When was 55 Madison Avenue last sold?
55 Madison Avenue was last sold on 02 Jun, 2015.
What is the property tax for 55 Madison Avenue?
The property tax for 55 Madison Avenue in 2022 was $272,840.
What is the market value for 55 Madison Avenue?
The market value* for 55 Madison Avenue in 2022 was $9,500,000.
*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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