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Property profile

201 6Th St Plainfield, NJ 07060

OFF-MARKET
Land
Property ID
US59-1992383
View Sample
Entity Owned 1-yr Hold

Property summary

AI-generated overview

This exceptional 21,300 square-foot development site, located at 201-211 W 6th Street in Plainfield, New Jersey (Union County, zip code 07060), presents a unique opportunity. Situated at the prominent north corner of Arlington Avenue and West 6th Street, the vacant lot is currently zoned under the TODD Redevelopment Plan. A proposed development plan envisions a mixed-use project comprising 46 independent senior living apartment units (restricted to residents 55 years and older), dedicated medical/retail space designed to function as a daycare for building residents, and a convenient 45-space parking area. The property's size and zoning make it ideal for a high-density development catering to the growing senior population. This location offers excellent visibility and accessibility, making it an attractive investment for developers seeking to capitalize on the demand for senior housing and related services in Plainfield. The site's strategic location and proposed development plan offer significant potential for a profitable and impactful project. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
UPID US59-1992383

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2025
2 recorded transactions
2025
$1.2M
2019
$3.8M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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