816 Nomad 816 6th Ave 4,690 SF 100% Leased Flex Building New York, NY 10001 $8,580,000 ($1,829.42/SF) 4.80% Cap Rate

Located on a prime corner in NoMad — one of Manhattan's most dynamic and sought-after neighborhoods — 816 Avenue of the Americas presents a rare mixed-use investment opportunity with immediate income, compelling value-add potential, and significant long-term development upside.
Property Highlights:
Total Area: 4,690 sq. ft. across four stories on a corner lot at 6th Avenue and West 28th Street Commercial:
Well-established restaurant anchor on the 1st and 2nd floors with a tenant in place at $28,000/month — immediate, stable income from day one
Upper Floors: 3rd and 4th floors delivered vacant, with proposed architectural layouts available for conversion to market-rate 2-bedroom apartments at $5,500–$6,000/month per unit
Rooftop: Passive AT&T antenna license at $5,400/month — zero landlord obligation, pure income
Development Upside Zoned C6-4X with a maximum FAR of 10.0, the building currently utilizes just 4.75 FAR.
5,190 sq. ft. of unused air rights — a rare and valuable long-term asset for vertical expansion, lot transfer, or future development.
Location Advantages NoMad & Beyond: Steps from Madison Square Park, surrounded by world-class hotels, Michelin-starred restaurants, and the city's most dynamic tech and creative corridor
Transit: N/R/W at 28th Street · B/D/F/M at 34th Street-Herald Square
No Landmark Restrictions: Full flexibility for repositioning or redevelopment
Asking Price: $8,580,000