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    821 6Th Ave New York, NY 10001

    Sponsored
    For Sale
    Contact for pricing

    Prime Nomad location, high development potential.

    Property size:
    7,832 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,832 square foot storefront, located at 821 Avenue of the Americas in New York City's vibrant Nomad neighborhood, presents a unique investment and development opportunity. The property boasts 24.67 feet of frontage on a bustling commercial corridor, offering unparalleled visibility and access to high foot traffic. Currently configured as five units with 7,545 square feet of net rentable space, the existing structure provides immediate income potential. However, the true value lies in the significant development potential. Zoned C6-4X (R10X equivalent), the property allows for high-density commercial, residential, or mixed-use developments. With 11,288 square feet of air rights and a 19,120 square foot buildable square footage, vertical expansion is readily achievable. The 1,912 square foot lot provides a solid foundation for redevelopment, capitalizing on the area's high demand. Minutes from Penn Station and major subway lines, the property enjoys unparalleled accessibility. Surrounded by luxury hotels, top-tier dining, and corporate offices, this location is a magnet for commerce and culture within one of Manhattan's most dynamic neighborhoods. This is a rare chance to acquire a property in a prime location with both immediate income and substantial long-term growth potential.

    Property Features for 821 6Th Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,832 SF
    Class
    C

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    5
    Units
    5

    HighLights

    • 7,832 SF storefront at 821 Avenue of the Americas, Nomad, NYC, offering significant investment and development potential.
    • 24.67‑foot frontage on a high‑traffic commercial corridor provides exceptional visibility.
    • Currently generates income with 7,545 SF of net rentable space across five units.
    • C6‑4X (R10X equivalent) zoning allows for high‑density commercial, residential, or mixed‑use development.
    • 11,288 SF of air rights and 19,120 SF buildable square footage enable substantial vertical expansion.
    • Prime Nomad location near Penn Station and major subway lines, surrounded by luxury hotels, restaurants, and corporate offices.
    Property Profile Location Intelligence

    Current Use by Public Records

    FancyWholesale.com Wholesaler Caro Hair Shop Wig Shop Broadway Sun Ben ... Wholesaler

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.990275863983
    Latitude
    40.746335700923

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    FAQs

    What type of property is this?
    Individual retail property - Prime Nomad location, high development potential.
    Where is this individual retail property located?
    The property is located at 821 6Th Ave New York, NY.
    What are key features of this property?
    This property features: 7,832 SF storefront at 821 Avenue of the Americas, Nomad, NYC, offering significant investment and development potential.; 24.67-foot frontage on a high-traffic commercial corridor provides exceptional visibility.; Currently generates income with 7,545 SF of net rentable space across five units.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    821 6Th Ave New York, NY 10001
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