821 6Th Ave New York, NY 10001
- Retail properties
- 7,832 SF
Current Use by Public Records
- FancyWholesale.com / Wholesaler / Fashion Accessories Store
- Caro Hair Shop / Wig Shop
- Broadway Sun Ben Trading Inc / Wholesaler / Fashion Accessories Store
Property Details for 821 6Th Ave
- Year built
- 1920
- Property size
- 7,832 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9903
- Latitude
- 40.7463
