16 East 18th Street

Avison Young, as the exclusive agent, is pleased to offer for sale 16 East 18th Street (the “Property”), a prime 10-story mixed-use asset situated between Broadway and Fifth Avenue in the highly desirable Flatiron submarket. Comprised of 20,258 SF across one ground floor retail unit and eight full-floor residential units above, the light value-add property is 100% free market.

The retail portion is fully occupied by Paragon Sports under a long-term lease through 2194, providing stable, predictable income at a flat rent structure. The residential units feature luxury loft-style finishes, including keyed elevators opening directly into each home, soaring ceiling heights, excellent light and air, exposed brick, open chef’s kitchens with granite countertops, and in-unit washer/dryers.