543-573 West 8th Street Plainfield, NJ 07060
Three structures, including a 10-unit apartment building, in historic district.
- Added:
- Jan 27, 2026
- Days on Market:
- 166
- Last Refresh:
- Apr 5 at 11:54 pm
Property Features for 543-573 West 8th Street
General Information
- Standard status
- Active
- Size
- 11,790 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1895
Listing office Sitar Realty Company - Corporate (973) 202-9119
Listing date Jan 27, 2026
Source Sitarcompany
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Sitar Realty Company - Corporate
Investment Insights
Based on property information with market context.
Key Highlights
- Large 10‑unit apartment building offering approximately 11,790 SF, complemented by a garage and barn.
- Excess land presents the opportunity for constructing two additional 3‑story buildings with full basements.
- Located in the desirable Van Wyck Brooks Historic District, conveniently close to Routes 28 and 22.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $283.0k | $24.00 |
| − Vacancy | −$16.7k | −$1.42 |
| EGI | $266.3k | $22.58 |
| − OpEx | −$119.8k | −$10.16 |
| NOI | $146.4k | $12.42 |
