NoMad Mixed-Use Corner
For Sale
$8,000,000
816 6th Avenue, Manhattan, NY 10001
Income-producing property with value-add and development opportunities in NoMad.
Property Size4,690 SF
Price / SF$1,705
Days on Market174
Property Features for 816 6th Avenue
General Information
Standard status
Active
Size
4,690 SF
Property subtype
Mixed Use
Amenities
No
Other
4
Building Details
Year Built
1915
Listing Agency:
Serhant
(917) 498-9762
Listed By:
De Rong Chester Yow · License #10301219555
(917) 498-9762
Source:
Compass
Added: Feb 15
Changed: Aug 8
Last Checked: Aug 8 at 12:57PM
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 Serhant
Investment Insights
Based on property information with market context.
Located at the corner of 6th Avenue and West 28th Street in the NoMad neighborhood of Manhattan, this four-story mixed-use corner building is an income-producing property. The building currently generates $33,400 per month from a full-floor restaurant on the first and second floors and an AT&T rooftop antenna lease, totaling $400,800 per year. The third and fourth floors are currently vacant, presenting an opportunity for immediate action. The third and fourth floors are prime candidates for conversion to market-rate 2-bedroom residential apartments. Architectural layouts are available showing 2BR configurations with private baths, kitchens, and living areas. Estimated market rent is $5,500-$6,000 per unit, potentially increasing gross income to $533,000-$545,000 per year. Zoned C6-4X with a max FAR of 10.0, the building utilizes 4.75 FAR (4,690 SF), leaving 5,190 SF of unused air rights available for vertical expansion, transfer to an adjacent lot, or future development. The property is near the N/R/W subway at 28th Street and the B/D/F/M at 34th Street-Herald Square, and is surrounded by luxury hotels, tech companies, world-class dining, and the Flower District.
Key Highlights
- Income‑producing mixed‑use corner building in NoMad.
- Current income of $33,400/month ($400,800/year) with a full‑floor restaurant and AT&T rooftop lease.
- Value‑add opportunity: Vacant 3rd and 4th floors are ready for conversion to residential apartments, with potential market rent of $5,500-$6,000/month per unit.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
78,761
Businesses Nearby
Explore this area
Business Placement
Demographics for 10001, NY
32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing property with value-add and development opportunities in NoMad.
Where is this mixed-use property located?
The property is located at 816 6th Avenue Manhattan, NY.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Income‑producing mixed‑use corner building in NoMad.; Current income of $33,400/month ($400,800/year) with a full‑floor restaurant and AT&T rooftop lease.; Value‑add opportunity: Vacant 3rd and 4th floors are ready for conversion to residential apartments, with potential market rent of $5,500-$6,000/month per unit.
