Passaic County and Paterson City property record for 502 E 40th St, Paterson, NJ 07504
| Property Type | Single Family Home |
|---|---|
| Details | 1,596 sqft · built 1940 |
| Lot Size | 0.057 acres (2,500 sqft) |
| Owner | Company Name on File |
| Last Sale | $489,000 (Sep 2022) |
| Tax Bill | $7,624 (2025) |
| Deeds & Mortgages | Jul 2019 Mortgage Aug 2020 Mortgage + 2 more |
| Flood Zone | Zone X (minimal risk) |
| APN | 08-07904-0000-00006 |
| Primary APN | 08-07904-0000-00006 |
|---|---|
| Alternative APN |
|
| Stories | 2 Stories |
|---|---|
| Building Area | 1,596 sqft Living Area |
| Year Built | Built 1940 |
|---|---|
| Effective Year Built | Effective 1940 |
| Construction Type | Frame |
| Lot Area | 2,500 sqft (0.057 acres) |
| Lot Dimensions | 100 ft deep x 25 ft wide |
| Old Parcel Number | 08L1551000000022 |
|---|---|
| Street Address | 502 E 40TH ST |
| City | PATERSON |
| State | NJ |
| Zip | 07504-1206 |
| Property Category | Residential |
| Property Type | Residential > Single Family > Home |
| Legal Subdivision | MARKET STREET LANE CO |
| Legal Block | 7904 |
| Legal Lot Number | 6 |
| Jurisdiction | PASSAIC NJ |
| Township / Civil Division | PATERSON |
| Census Block Group | 3 |
| Census Block | 3008 |
| Census Tract | 182600 |
502 E 40th St is owned by a company that bought it in September 2022.
Source: Passaic County and Paterson City records, as of July 8, 2026
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 502 E 40TH ST, PATERSON, NJ 07504-1206 |
| Owner Type | Company |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Date | Document |
|---|---|
| Jul 5, 2019 | Deed of Trust, Mortgage · FHA Mortgage NATIONWIDE MORTGAGE BANKERS INC |
| Aug 5, 2020 | Deed of Trust, Mortgage · FHA Mortgage DEPARTMENT OF HOUSING & URBAN DEV |
| May 3, 2021 | Deed of Trust, Mortgage · FHA Mortgage MY MORTGAGE INC |
| Sep 20, 2022 | Deed, Transfer · FHA Mortgage GET A RATE LLC |
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Sep 20, 2022 · Amount on File |
| Deed Sale | Sep 20, 2022 · Amount on File |
| Prior Sale | Mar 13, 2017 · Amount on File |
| Deed Document Number | 202245542 |
| Deed Book / Page | 4396 / 184 |
| Prior Transfer Date | Jun 16, 2009 |
| Prior Transfer Doc | 0000034855 |
| Record Updated | Oct 29, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | PASSAIC NJ |
| Property Address | 502 E 40TH ST, PATERSON, NJ 07504-1206 |
| Transaction Type | Mortgage |
| Record Updated | Aug 18, 2022 |
| Title Company | MAIN STREET TITLE & SETMNT |
| Name | Verified Name |
|---|
| Document Number | 0000028876 |
|---|---|
| Date | Jul 5, 2019 |
| Book Page | M15592/0289 |
| Instrument | 2019028876 |
| Name | NATIONWIDE MORTGAGE BANKERS INC |
|---|---|
| Type | Mortgage Company |
| Address | MELVILLE, NY 11747 |
| Type | FHA Mortgage |
|---|---|
| Amount | Amount on Record |
| Term | 360 Months |
| Due | Jul 1, 2049 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | PASSAIC NJ |
| Property Address | 502 E 40TH ST, PATERSON, NJ 07504-1206 |
| Transaction Type | Mortgage |
| Record Updated | Aug 18, 2022 |
| Name | Verified Name |
|---|---|
| Address | 502 E 40TH ST, PATERSON, NJ 07504-1206 |
| Document Number | 0000035313 |
|---|---|
| Date | Aug 5, 2020 |
| Book Page | M16314/289 |
| Instrument | 2020035313 |
| Name | DEPARTMENT OF HOUSING & URBAN DEV |
|---|---|
| Type | Government Agency |
| Address | WASHINGTON, DC 20410 |
| Type | FHA Mortgage |
|---|---|
| Amount | Amount on Record |
| Term | 347 Months |
| Due | Jul 1, 2049 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | PASSAIC NJ |
| Property Address | 502 E 40TH ST, PATERSON, NJ 07504-1206 |
| Transaction Type | Mortgage |
| Record Updated | Aug 18, 2022 |
| Title Company | MAIN STREET TITLE |
| Name | Verified Name |
|---|
| Document Number | 0000030208 |
|---|---|
| Date | May 3, 2021 |
| Book Page | M17081/225 |
| Instrument | 2021030208 |
| Name | MY MORTGAGE INC |
|---|---|
| Type | Mortgage Company |
| Address | CROFTON, MD 21114 |
| Type | FHA Mortgage |
|---|---|
| Amount | Amount on Record |
| Term | 358 Months |
| Due | Mar 1, 2051 |
| Document Type | Deed |
|---|---|
| Jurisdiction | PASSAIC NJ |
| Recording Date | Sep 20, 2022 |
| Property Address | 502 E 40TH ST, PATERSON, NJ 07504-1206 |
| Document Number | 0000045542 |
| Book / Page | D4396 / 184 |
| Instrument Date | Aug 12, 2022 |
| Instrument | 2022045542 |
| Transaction Type | Transfer |
| Record Updated | Oct 14, 2022 |
| Title Company | MAIN STREET TITLE |
| Amount | Amount on Record |
|---|---|
| Downpayment | Downpayment on Record |
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $1,711.50 |
| Amount Accuracy | Full Amount Stated |
| Additional |
|
| Name | Verified Name |
|---|---|
| Address | 774 14TH AVE, 774, PATERSON, NJ 07504-1503 |
| Name | Verified Name |
|---|---|
| Address | 502 E 40TH ST, PATERSON, NJ 07504-1206 |
| Document Number | 0000045543 |
|---|---|
| Date | Sep 20, 2022 |
| Instrument | 2022045543 |
| Name | GET A RATE LLC |
|---|---|
| Type | Mortgage Company |
| Type | FHA Mortgage |
|---|---|
| Amount | Amount on Record |
| Term | 360 Months |
| Due | Sep 1, 2052 |
The 2025 property tax bill for 502 E 40th St was $7,624, up 4.7% from the year before.
Source: Passaic County and Paterson City assessment roll, as of July 8, 2026
| Type | Name |
|---|---|
| State | New Jersey |
| County | Passaic County |
| Municipality | Paterson City |
| Unified School District | Paterson City School District (KG - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2026 | $570,100 (+298.95%) Land $222,800 Building $347,300 | $570,100 (+298.95%) Land $222,800 Building $347,300 | |
| 2025 | $7,624.00 (+4.71%) | $142,900 Land $44,600 Building $98,300 | $142,900 Land $44,600 Building $98,300 |
| 2024 | $7,281.00 | ||
| 2023 | $142,900 Land $44,600 Building $98,300 | $142,900 Land $44,600 Building $98,300 | |
| 2022 | $6,633.00 |
Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.
FEMA maps place 502 E 40th St in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2021.
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 Policies | 1 in force |
| Nearby Flood Claims | 1 (2021) |
| Claims Outside the SFHA | 1 of 1 |
| Most Recent Claim | Sep 2021 · Remnants Of Hurricane Ida |
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.
The area around 502 E 40th St has no burnable land within ember reach, so its wildfire risk is not rated.
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.
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 |
| 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.
Source: FCC Broadband Data Collection, based on 733 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 |
| T-Mobile Fixed Wireless | 100 / 20 |
| AT&T Fixed Wireless | 100 / 20 |
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