816 6th Avenue #BLDG, New York, NY 10001
Local realty services provided by:CENTURY 21 Awaye Realty
816 6th Avenue #BLDG,Manhattan, NY 10001
$8,580,000
- 5 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: de rong chester yow, kelly du
Office: serhant
MLS#:RLS20077300
Source:NY_REBNY
Price summary
- Price:$8,580,000
About this home
<p> Welcome to 816 Avenue of the Americas </p> <p> An income-producing mixed-use corner building in one of Manhattan's most sought-after neighborhoods: NoMad (North of Madison Square Park). Sitting at the corner of 6th Avenue and West 28th Street, this four-story building delivers $33,400/month in current in-place income: a full-floor restaurant anchor on the 1st and 2nd floors, and a passive AT&T rooftop antenna lease at $5,400/month. The 3rd and 4th floors are currently vacant - a key opportunity for the next owner to act immediately. INCOME HIGHLIGHTS: 1st & 2nd Floor Restaurant: $28,000/month $336,000/year 3rd Floor: VACANT (formerly $5,000/mo) - ready for conversion 4th Floor: VACANT (formerly $5,000/mo) - ready for conversion AT&T Rooftop License: $5,400/month $64,800/year Current Total: $33,400/month $400,800/year VALUE-ADD OPPORTUNITY: The 3rd and 4th floors are prime candidates for conversion to market-rate 2-bedroom residential apartments. Proposed architectural layouts are available showing 2BR configurations with private baths, kitchens, and living areas. Estimated market rent: $5,500-$6,000/month per unit - lifting projected gross income to $533,000-$545,000/year. DEVELOPMENT UPSIDE: Zoned C6-4X with a max FAR of 10.0, the building currently utilizes only 4.75 FAR (4,690 SF). This leaves 5,190 SF of unused air rights available for vertical expansion, transfer to an adjacent lot, or future development - a rare and valuable asset in this location. Transportation: N/R/W subway at 28th Street and the B/D/F/M at 34th Street-Herald Square. Surrounded by luxury hotels, tech companies, world-class dining, and the Flower District. NoMad continues to command premium rents and sustained investor demand. Asking Price: $8,580,000 Cap Rate: 4.8 </p> <p> Shown by appointment only. Financials available upon request.</p>...
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Home facts
- Year built:1915
- Listing ID #:RLS20077300
- Added:1 day(s) ago
- Updated:March 16, 2026 at 02:23 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:12
- Basement:Yes
Structure and exterior
- Year built:1915
- Levels:1 Story
Finances and disclosures
- Price:$8,580,000
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