Prime Mixed-Use Retail Investment – 684 Avenue of the Americas
Address: 684 Avenue of the Americas, New York, NY, 10010
Asking Price: $8,950,000 ($2,198.48/SF)
Cap Rate: 5.50%
Sale Type: Investment
Asset Type: 3-Star Retail/Residential Mixed-Use
Location: CBD – Flatiron District
Gross Leasable Area (GLA): 4,071 SF
Stories: 3
Typical Floor Plate: 1,357 SF
Building Class: B
Construction Type: Masonry
Loading Docks: None
Property Overview:
Located in the heart of Manhattan’s highly coveted Flatiron District, 684 Avenue of the Americas presents a rare opportunity to acquire a stabilized, income-generating mixed-use property featuring ground-floor retail and upper-level residential. With a cap rate of 5.50% and exceptional retail frontage in one of the city’s busiest corridors, this is an ideal turnkey investment for long-term appreciation and immediate yield.
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Investment Highlights:
✔ Premier 6th Avenue Location: High visibility and foot traffic just blocks from Madison Square Park, Union Square, and Chelsea.
✔ Mixed-Use Stability: Strong rent roll with ground-floor retail and residential units above – ideal for diversification and stable occupancy.
✔ Efficient Layout: 3-story masonry building with 1,357 SF floor plates, totaling 4,071 SF of usable space.
✔ Retail Frontage: Prominent storefront exposure on Avenue of the Americas with consistent retail traffic and branding potential.
✔ Strong In-Place Income: 5.50% cap rate in a historically appreciating Midtown South submarket.
Property Summary:
- Price: $8,950,000
- Cap Rate: 5.50%
- GLA: 4,071 SF
- Stories: 3
- Building Class: B
- Construction: Masonry
- Use: Retail + Residential
- Location: Flatiron District, Manhattan CBD
- Zoning & Rent Structure: Market-rate leases
Conclusion:
684 Avenue of the Americas is a prime, stabilized asset in one of New York City’s most vibrant and high-demand mixed-use neighborhoods. With strong cash flow, long-term upside, and a rare blend of retail and residential components, this offering is perfectly positioned for investors seeking core-plus returns in a trophy Manhattan location.
Contact us today to receive the full Offering Memorandum, rent roll, and schedule a private tour.
