816 6TH Avenue #BLDG
MLS® #RLS20077300
Listing by Serhant
5
Bedrooms
3
Baths
—
Sq. Ft.
1915
Year Built
Quick Summary
Property Highlights
- Views: City
- Style: Loft architecture
- Character: Pre-war building (1915)
Property Details
Description
Welcome to 816 Avenue of the Americas
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
Shown by appointment only. Financials available upon request.
Features & Amenities
Interior Features
Exterior Features
Building Information
About NoMad
View All NoMad ListingsNomad provides a natural environment for those seeking space and value within New York City. The area is known for its emerging atmosphere and a real estate market that features a blend of natural cooperatives and traditional multi-family residences.
NoMad Live Market Data
View NeighborhoodActive Listings
65
Median Asking Price
$2.45M
Median $/Sqft
$1,790
Avg Days on Market
N/A
New This Week
8
Price Reduced
34%
Sold (30 Days)
2
Median Sale Price
$2.53M
Live data from RLS at REBNY • Updated 3/16/26, 7:39 PM EST
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Location
816 6TH Avenue #BLDG, NoMad, New York County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
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Listing Courtesy of Serhant - De Rong Chester Yow
Listing Contact: (917) 498-9762
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RLS Data display by Keller Williams NYC. Data last updated on 3/16/2026 at 11:39 PM UTC