242 Spring St, Paterson, NJ 07503 Property Records

Passaic County and Paterson City property record for 242 Spring St, Paterson, NJ 07503

Property Summary

Property Type	Apartments (5+ Units)
Details	2,140 sqft
Lot Size	0.086 acres (3,751 sqft)
Owner	Company Name on Record
Last Sale	$1,200,000 (Mar 2020)
Tax Bill	$1,814 (2025)
Deeds & Mortgages	Mar 2021 Mortgage Mar 2020 Sale + 1 more
Flood Zone	Zone X (minimal risk)
APN	`08-05805-0000-00006-01`

Property Details

APN / Parcel Number

Primary APN	`08-05805-0000-00006-01`

Interior

Stories	2 Stories
Building Area	2,140 sqft Living Area

Exterior

Construction Type	Frame
Lot Area	3,751 sqft (0.086 acres)
Lot Dimensions	100 ft deep x 38 ft wide

Location & Zoning

Street Address	242 SPRING ST
City	PATERSON
State	NJ
Zip	07503-3311
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	ADDITIONAL LOTS: 28 APARTMENTS, 30YR ABATEMENTS 1/2024
Legal Subdivision	W W FAIRBANKS
Legal Block	5805
Legal Lot Number	6.1
Jurisdiction	PASSAIC NJ
Township / Civil Division	PATERSON
Census Block Group	1
Census Block	1001
Census Tract	182900

Owner

Source: Passaic County and Paterson City records, as of July 8, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	430 52ND ST, WEST NEW YORK, NJ 07093-2548
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
Mar 5, 2021	Deed of Trust, Mortgage KEARNY BANK
Mar 12, 2020	Grant Deed, Transfer RIVERSIDE ABSTRACT INC
Mar 15, 2019	Grant Deed, Transfer FIDELITY NATIONAL TITLE, FIDELITY NAT'L TITLE INS CO

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Mar 12, 2020 · Amount on Record
Deed Sale	Mar 12, 2020 · Amount on Record
Prior Sale	Mar 15, 2019 · Amount on Record
Deed Document Number	202013242
Deed Book / Page	3772 / 6
Prior Transfer Date	Feb 5, 2019
Prior Transfer Doc	0000009372
Record Updated	Sep 20, 2026

March 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	PASSAIC NJ
Property Address	242 SPRING ST, PATERSON, NJ 07503-3041
Transaction Type	Mortgage
Record Updated	Apr 23, 2024
Title Company	RIVERSIDE ABSTRACT INC, RIVERSIDE ABSTRACT LLC

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	430 52ND ST, WEST NEW YORK, NJ 07093-2548

Mortgage

Document Number	0000016057
Date	Mar 5, 2021
Book Page	M16907/1
Instrument	2021016057

Lender

Name	KEARNY BANK
Type	Bank
Address	FAIRFIELD, NJ 07004

Agreement

Amount	Amount Recorded

March 2020: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	PASSAIC NJ
Recording Date	Mar 12, 2020
Property Address	242 SPRING ST, PATERSON, NJ 07503-3041
Document Number	0000013242
Book / Page	003772 / 000006
Instrument Date	Mar 4, 2020
Instrument	13242
Transaction Type	Transfer
Record Updated	Apr 27, 2020
Title Company	RIVERSIDE ABSTRACT INC

Transaction

Amount	Amount Recorded
Tax	$1,200.00
Amount Accuracy	Confirmed
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	430 52ND ST WEST NEW YORK NJ 070931908, WEST NEW YORK, NJ 07093-1908

March 2019: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	PASSAIC NJ
Recording Date	Mar 15, 2019
Property Address	242 SPRING ST, PATERSON, NJ 07503-3041
Document Number	0000011387
Book / Page	003535 / 000294
Instrument Date	Feb 8, 2019
Instrument	11387
Transaction Type	Transfer
Record Updated	Apr 15, 2019
Title Company	FIDELITY NATIONAL TITLE, FIDELITY NAT'L TITLE INS CO

Transaction

Amount	Amount Recorded
Tax	$124.50
Amount Accuracy	Confirmed
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	448 GETTY AVE PATERSON NJ 075031821, PATERSON, NJ 07503-1821

Tax Assessment & Valuation

Source: Passaic County and Paterson City assessment roll, as of July 8, 2026

Property Jurisdictions

Type	Name
State	New Jersey
County	Passaic County
Municipality	Paterson City
Unified School District	Paterson City School District (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$34,000 (-) Land $34,000	$34,000 (-) Land $34,000
2025	$1,814.00 (+4.73%)	$34,000 (-) Land $34,000	$34,000 (-) Land $34,000
2024	$1,732.00 (-77.93%)
2023		$34,000 Land $34,000	$34,000 Land $34,000
2022	$7,849.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective May 29, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Claims	2 (1989)
Claims Outside the SFHA	2 of 2
Most Recent Claim	Jun 1989 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	PASSAIC VALLEY WATER COMMISSION serves 310,483 people · EPA ID NJ1605002
Water Source	Surface water
Lead	2 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	Corrosion control Jul 2021
Monitoring and Reporting	2 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 335 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Optimum Fiber · Cable	8,000 / 8,000
Verizon Fiber · Fixed Wireless in parts of the area	2,300 / 2,300

May also be available: AT&T, T-Mobile.

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