506 Cherry St, #516, Elizabeth, NJ 07208 Property Records

Union County and Elizabeth City property record for 506 Cherry St, #516, Elizabeth, NJ 07208

Property Summary

Property Type	Apartments (5+ Units)
Details	63,760 sqft · built 1962
Lot Size	1.81 acres (78,880 sqft)
Owner	Company Name on Record
Last Sale	$10,000,000 (Oct 2021)
Tax Bill	$130,486 (2025)
Deeds & Mortgages	Oct 2021 Mortgage Oct 2021 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`04 00013-0000-00090`

Property Details

APN / Parcel Number

Primary APN	`04 00013-0000-00090`
Alternative APNs	`04-00158-0000-00025` `040001300090`

Interior

Units	62 Units
Building Area	63,760 sqft Living Area

Exterior

Year Built	Built 1962
Effective Year Built	Effective 1962
Lot Area	78,880 sqft
Lot Dimensions	544 ft deep x 145 ft wide

Location & Zoning

Old Parcel Number	0400013000000090
Street Address	506 CHERRY ST, 516
City	ELIZABETH
State	NJ
Zip	07208
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	INCL BLK 13 LOT 90 W13
Legal Block	158
Legal Lot Number	25
Jurisdiction	UNION NJ
Township / Civil Division	ELIZABETH
Census Block Group	1
Census Block	1000
Census Tract	31801

Owner

Source: Union County and Elizabeth 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	PO BOX 1105, JACKSON, NJ 08527-0288
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
Oct 14, 2021	Deed of Trust, Mortgage · Unknown PEAPACK GLADSTONE BANK
Oct 14, 2021	Bargain and Sale Deed, Transfer · Commercial Mortgage PEAPACK GLADSTONE BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 14, 2021 · Amount on Record
Deed Sale	Oct 14, 2021 · Amount on Record
Prior Sale	Nov 13, 2009 · Amount on Record
Deed Document Number	202110459
Deed Book / Page	6434 / 2800
Record Updated	Sep 20, 2026

October 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	UNION NJ
Property Address	506 CHERRY ST # 516, 516, ELIZABETH, NJ 07208-1805
Transaction Type	Mortgage
Record Updated	Apr 11, 2024
Title Company	MADISON TITLE AGENCY LLC

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	920 E COUNTY LINE RD 103, 103, LAKEWOOD, NJ 08701-2089

Mortgage

Document Number	0150792587
Date	Oct 14, 2021
Book Page	15079/2587
Instrument	22936

Lender

Name	PEAPACK GLADSTONE BANK
Type	Bank
Address	BEDMINSTER, NJ 07921

Agreement

Type	Unknown
Amount	Amount Recorded

October 2021: Bargain and Sale Deed, Transfer

Document Type	Bargain and Sale Deed
Jurisdiction	UNION NJ
Recording Date	Oct 14, 2021
Property Address	506 CHERRY ST # 516, 516, ELIZABETH, NJ 07208-1805
Document Number	0064342800
Book / Page	6434 / 2800
Instrument Date	Oct 4, 2021
Instrument	10459
Transaction Type	Transfer
Record Updated	Apr 11, 2024

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$18,475.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	223 CAMELOT CT, MOUNTAINSIDE, NJ 07092-1609

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants in Common
Address	PO BOX 1105, JACKSON, NJ 08527-0288

Mortgage

Document Number	0150792555
Date	Oct 14, 2021
Book Page	15079/2555
Instrument	22935

Lender

Name	PEAPACK GLADSTONE BANK
Type	Bank
Address	BEDMINSTER, NJ 07921

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Tax Assessment & Valuation

Source: Union County and Elizabeth City assessment roll, as of July 8, 2026

Property Jurisdictions

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

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$6,469,300 (-) Land $3,350,000 Building $3,119,300	$6,469,300 (-) Land $3,350,000 Building $3,119,300
2025	$130,486.00 (+4.83%)	$6,469,300 (+1,370.3%) Land $3,350,000 Building $3,119,300	$6,469,300 (+1,370.3%) Land $3,350,000 Building $3,119,300
2024	$124,469.00 (-7.49%)
2023		$440,000 (-) Land $173,600 Building $266,400	$440,000 (-) Land $173,600 Building $266,400
2022	$134,547.00	$440,000 Land $173,600 Building $266,400	$440,000 Land $173,600 Building $266,400

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 September 24, 2020 · 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	2 in force
Nearby Flood Claims	4 (1979–1986)
Claims Outside the SFHA	2 of 4
Most Recent Claim	Jul 1986 · river or lake flooding

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	NJ AMERICAN WATER - LIBERTY private · serves 134,000 people · EPA ID NJ2004001
Water Source	Purchased surface water from several systems
Lead	2 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None 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 879 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, Xfinity.

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