Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1026 6Th Ave New York, NY 10018
    Back to Search
    Property profile & analytics

    1026 6Th Ave New York, NY 10018

    View on Map
    • Retail properties & Spaces
    • 15,869 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Barefoot Tiger / Gym & Fitness Center
    • Nunez Tax Services Inc / Tax Preparation
    • Hair Fairies The Head Lice Helpers / Medical Clinic
    • Christine Lash Studio / Hair Salon
    • King James Bible Baptist Church / Church

    Property Details for 1026 6Th Ave

    Year built
    1920
    Property size
    15,869 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional Midtown Manhattan office building, situated at 1026-1030 6th Avenue, offers a unique blend of historic charm and modern functionality. Built in 1920 and renovated in 2000, this five-story building boasts a total of 15,869 square feet, providing a variety of flexible office spaces to suit diverse business needs. The building currently has 5,466 square feet of vacant space available, with suites ranging from a minimum of 605 square feet to a maximum contiguous space of 2,291 square feet. The building features a 10-foot ceiling height, adding to the spacious feel of the offices. A single passenger elevator services all five floors. While there is no on-site parking, the building's enviable location in the Garment District, near the intersection of West 39th Street, offers unparalleled access to public transportation and numerous amenities. The C5-3, MID zoning allows for a variety of commercial uses. This property presents a rare opportunity to establish a presence in one of Manhattan's most vibrant and sought-after neighborhoods, ideally suited for traditional, executive, medical, or creative office tenants. The building's twelve suites offer multiple tenancy options, making it perfect for businesses of all sizes. Its proximity to Bryant Park and Herald Square adds to its appeal. The building's Floor Area Ratio (FAR) is 15.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9857
    Latitude
    40.7526

    Comparable in this City

    • Value Estimation by Request
      13,403 SF

      1032 6Th Ave

      Individual retail properties • 13,403 SF
      1032 6Th Ave, New York, NY 10018
      View Details
    • Value Estimation by Request
      7,865 SF

      1024 6Th Ave

      Office Units • 7,865 SF
      1024 6Th Ave, New York, NY 10018
      View Details
    • Value Estimation by Request
      2,500 SF

      37 39Th St

      Medical Office Space • 2,500 SF
      37 39Th St, New York, NY 10018
      View Details
    • Value Estimation by Request
      46,436 SF

      344 38Th St

      Office Units • 46,436 SF
      344 38Th St, New York, NY 10018
      View Details
    • Value Estimation by Request
      49,058 SF

      202 40Th St

      Office Units • 49,058 SF
      202 40Th St, New York, NY 10018
      View Details
    • Value Estimation by Request
      64,365 SF

      42 38Th St

      Office Units • 64,365 SF
      42 38Th St, New York, NY 10018
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,758 SF

      High-End Showroom/Office Space

      Showroom/office space with exposed ceilings, brick walls, and wood flooring.
      35 W 36Th St, New York, NY 10018
      View Details
    • Contact for pricing
      5,900 SF

      Prime Retail/Medical/Showroom Opportunity

      3500 SF retail space with basement and mezzanine.
      246 W 38Th St, New York, NY 10018
      View Details
    • Contact for pricing
      5,540 SF

      Column-Free Office Space Available

      5,540 RSF office space near Bryant Park.
      57 W 38Th St, New York, NY 10018
      View Details
    • $2,495,000
      1,932 SF

      Medical Suite in Herald Square

      Pristine, move-in-ready medical/surgical suite in central location.
      70 West 36Th St, New York, NY 10018
      View Details
    • Contact for pricing
      55,953 SF

      Class A Office Condominium

      Office condominium in Midtown Manhattan near Bryant Park and Amazon HQ.
      420 5Th Ave, New York, NY 10018
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Manhattan Location Near Parks

      Five-story building in prime location near Bryant Park.
      1026 6Th Ave, New York, NY 10018
      View Details
    • Contact for pricing
      2,400 SF

      Fashion Tower Office Space

      Office space in Fashion Tower with showroom potential.
      135 W 36Th St, New York, NY 10018
      View Details
    • Contact for pricing

      Prime Location Near Transportation Hubs

      Centrally located near Penn Station and Port Authority.
      256 W 38Th St, New York, NY 10018
      View Details
    • $5,700 /Mo

      Manhattan Warehouse in Garment District

      1,800 SF warehouse in Midtown Manhattan for $5,700/month.
      209 W 38Th St, New York, NY 10018
      View Details
    • Contact for pricing

      Dynamite Showroom Near Bryant Park

      Early 1900s structure, ideal showroom with excellent sunlight.
      42 St-Bryant Park Sta, New York, NY 10018
      View Details
    • Contact for pricing
      6,700 SF

      Manhattan Commercial Building Near Bryant Park

      Five-story building with office and retail spaces for lease.
      1024 Avenue Of The Americas, New York, NY 10018
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1026 6Th Ave
    New York, NY 10018
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1026 6Th Ave, New York, NY, 10018
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!