40 Park Avenue 513, Morristown Town, NJ, 07960 — Photo 11 / 25
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$1,650,000

40 Park Avenue 513, Morristown Town, NJ, 07960

MLS# 26022607

Active140d on marketPrice Reduced 6%

2

Bedrooms

3

Bathrooms

1

Half Baths

0.414 acres (18,034 sqft)

Lot Size

Condo/Townhouse — Condo

Property Type

2

Garage

Description

An incomparable new level of style, comfort, and location! This stunning condominium in the highly desirable 40 Park Place building offers a modern open, airy design and an amazing in-town location right on Morristown's historic Green. Beautiful architecture and a piazza with water features and benches bring you inside to a spectacular lobby. Polished hardwood floors gleam across the spacious open living room, 9ft ceilings, dining room, sitting area, and chef's kitchen. It is appointed with granite counters, stylish tile backsplash, high-end SS appliances, generous cabinetry, and an oversized island with seating. Off the living room is a private balcony with views of The Green. The layout continues to the primary bedroom with a WIC and en-suite including marble floors and countertops, oversized glass shower, a soaking tub, and a dual-sink vanity. There is also a 2nd bedroom, a full hallway bath, laundry room, and a powder room. Elevated amenities include full concierge service 365 days (7am-11pm) private gym, beautiful club room with tv, billiard table and full catering kitchen perfect for effortless parties. 2 parking spaces w/direct entry to building (no stairs). Just minutes to the NJ Transit direct train to NYC and close to the performing arts center, restaurants, boutique shops, and a myriad of entertainment opportunities. Nearby major routes 10, 24, 80 and I-287, less than 30min to Newark Int Airport, this residence offers the ultimate in sophisticated suburban living.

Tax & Financial Information

Annual Property Taxes$13,857 (NJ Public Records)
Tax Assessment$558,300
Land Assessment$286,000
Original List Price$1,750,000
ListedJune 8, 2026

Listing Information

Listing Office: Keller Williams Realty Metropolitan — 973-539-1120

Listing Agent: Peter Lorenzo — (973) 255-9337 — peterglorenzo@kw.com

Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 8/9/2026.

Total Monthly Cost

$11,779/mo

NJ has the highest property taxes in the US. This is your real cost.

Mortgage (30yr, 6.75%)$8,561
Property Taxes$1,155
Homeowner Insurance$688
Est. Maintenance$1,375
Total$11,779

Down: $330,000 | Loan: $1,320,000

Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.

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