In a world of inexperienced first-time real estate investors becoming do-it-yourself contractor-flippers combined with recent relaxed requirement for certain building permits and inspections have
Dated: September 18 2018
The small, quaint town of Florham Park abuts the western border of Essex County, the Passaic River forming an eastern boundary of both the township and Morris County. One of the fastest growing parts of New Jersey, Florham Park has a smattering of strips malls along Columbia Turnpike, forming an ad hoc downtown center.
The town is also home to many corporate parks, which welcome a huge number of commuting professionals during the week. While the town itself has a population of approximately 12,000, its daytime commuting population swells to more than 60,000 people.
The township is famous, at least locally, for its bevy of high-quality Italian restaurants, bistros, diners, and delicatessens. This local flair helps to give Florham Park an old-world feel and a distinct culture. Right in the middle of town, Florham Park Recreation Department maintains tennis and squash courts, turf soccer fields, softball and baseball diamonds, and a very popular town pool. A gazebo hosts summertime concerts and an impressive 4th of July fireworks display.
Only a few miles away, residents also have access to movie theaters and several shopping centers along Route 10 in East Hanover.
Compared to neighboring Madison and Chatham, Florham Park is relatively less pedestrian-friendly. It’s necessary to have a car in order to commute and to get around. Commuters to New York City can take NJ Transit from Madison, a one-mile drive followed by an hour-long train ride. Many prefer to drive to Millburn or South Orange train stations, and take the Morris & Essex line into New York Penn Station. This nearly cuts the commute in half.
In 2015, NJ Monthly called Florham Park the best place to live in the Garden State. It cites the township’s low tax rate, well-regarded school system, corporate residents (such as the Automatic Switch Company), the College of Saint Elizabeth, and the NY Jets training facility as reasons for economic stability. The estimated median home value in Florham Park is $626,787; the estimated median household income is $121,274.
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