Modera 55

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Modera 55 is a new apartment community in a coveted downtown Morristown location. A total of 28 one-, two-, and three-bedroom income restricted apartments will be made available to qualified households who meet the affordable housing criteria.
55 Prospect St.
Morristown, NJ 07960

Monthly Rent - Income Limits

Monthly Rates

Income Limits

Maximum Gross Annual Income Limits for Morris County, NJ

Income limits are subject to change without notice

Unit Features

Fashionably-outfitted one-, two-, and three-bedroom apartment homes
Chef-inspired kitchens outfitted with quartz countertops and elegant islands
Luxurious walk-in showers
High-end cabinetry
Wood-look plank flooring
Full size washer/dryer in unit
Tiled soaking tubs
ENERGY STAR® stainless appliances

Property Amenities

Online Payments Available
Free e-check option
Accepts credit card payments
Accepts cash payments via MoneyGram
Expansive 7,000 square foot rooftop deck with outdoor kitchen and bar, lounge seating, bocce ball, and spectacular panoramic views of Morristown
Pet spa
Valet dry cleaning
Shuttle to train station
Hotel-inspired pool and courtyard
Lush community park
Best-in-class home office spaces
Gas grills in the courtyard
Posh fitness studio
Chicly-appointed resident lounge
Double-height hotel-style lobby
Covered garage parking and car charging station
Short walk to downtown Morristown and NJ Transit Station
Just an hour to Penn Station in NYC

Floor Plans

Application Information

If you are interested in applying for an affordable home, you can download an application or contact us directly at:


Press 5 to request an application. If you leave a message by email or phone, please be sure to refer to the property name, and spell out your contact information for us.

Return your completed and signed application by fax (609-786-1105) or mail it directly to us at:

Piazza & Associates, Inc.
216 Rockingham Row
Princeton Forrestal Village
Princeton, NJ 08540

We will process your application and send you a confirmation within a few weeks. When an affordable home becomes available, we will contact a limited number of applicants who are on our list for the size and income category of the home that will be available.

A final application and documentation to verify identity and income will be required and processed at that time. Since final applications are only processed when a specific affordable home becomes available, we can not accommodate applicants’ choice of floor plan.

Terms and Conditions

The number of units at each pricing tier is limited, and not all properties offer units at every pricing tier. Prices and conditions are subject to change without notice. Minimum and maximum incomes will apply. To be eligible for this affordable housing program, the gross annual income of your household cannot exceed the program limits listed, above. The maximum income is based on the total number of persons who will reside in an affordable home. Maximum Incomes are adjusted annually and are subject to change without notice. The maximum rental rates and affordable housing restrictions are governed by this affordable housing program.


Utilities are not included.

All other terms and conditions of the lease are set forth by the landlord and their agents. Modera 55 is a development of Morristown Development Urban Renewal Phase II, LLC, which is not affiliated with Piazza & Associates, Inc. or Morristown, except as specifically set forth in state regulations and local ordinance.

Occupancy is determined pursuant to N.J.A.C. 5:80-26.4.  Larger households may be considered under certain circumstances,
contingent upon the landlord’s occupancy standards (for rentals), as well as state and local regulations.

These plans have been provided by the developer who is solely responsible for their accuracy. Floor plans are NOT meant to represent the actual dimensions or square footage of the unit, but rather provide applicants with an idea of its layout. Actual units may be the reverse of what is portrayed, and may vary in their detail and dimensions. The choice of floor plans is limited by income category and priority number.

This is an equal housing opportunity. Federal law prohibits discrimination against any person making application to buy or rent a home with regard to race, color, national origin, religion, sex, familial status, and disability. State law prohibits discrimination on the basis of race, creed, color, national origin, ancestry, nationality, marital or domestic partnership or civil union status, sex, gender identity or expression, disability, affectional or sexual orientation, family status or source of lawful income or source of lawful rent payment. Piazza & Associates, Inc. complies with all provisions of the New Jersey Law Against Discrimination (“LAD”) J.S.A. 10:5-1 to -49 as applicable to any real property or for any program related to real property Piazza & Associates, Inc. administers in New Jersey. Any person who believes a violation of the LAD has occurred may contact the New Jersey Division on Civil Rights at 866-405-3050 or 973-648-2700 or online at