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About This Home
This 5-bedroom, 3-bathroom multi-family at 816 6TH Avenue in New York (Manhattan), NY is listed for $8,580,000. Built in 1915, on a N/A lot.
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.
Key Features
- Built in 1915
Property Details
Amenities
Monthly Cost Estimate
$45,888/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
816 6TH Avenue
New York (Manhattan), NY 10001
NoMad
Property Details
Views
Questions & Answers
This 5-bedroom, 3-bathroom multi-family at 816 6TH Avenue is listed at $8,580,000. The estimated monthly payment is $37,180 based on 20% down at 6.5% interest.
Key features include: Built in 1915.
This property is listed by Ryan Serhant and can be reached at 6464807665 or licenses@serhant.com.
