16 East 18th Street, New York, NY

Investment Highlights:

Meridian Investment Sales is offering 16 East 18th Street, a luxury mixed-use building in the heart of Flatiron between 5th Avenue and Broadway. The 10-story property features eight free-market apartments and a ground-floor retail space leased to Paragon until 2194. Each residential unit has high ceilings, exposed brick, open chef’s kitchens, and in-unit washers and dryers, with a keyed elevator opening directly into each unit. Investors have the option to maintain it as a luxury rental or convert it into condominiums. The building is currently undergoing façade work, which will be completed by September 2024.

Located near the bustling Union Square-14th Street subway station with over 33 million annual riders, the property benefits from high foot traffic and a dynamic mix of students, young adults, and families. Flatiron’s blend of historic architecture and modern developments attracts over 344,000 daily visitors, making it a prime area for both residential and commercial tenants. This property presents a rare opportunity for investors to capitalize on its excellent location, luxury features, and strong rental demand.