Positioned on an iconic cobblestone block in the heart of the West Village, 248 West 12th Street presents a rare and lucrative opportunity for investors and developers. This four-story, two-family townhouse is the most competitively priced asset of its size in one of Manhattan’s most sought-after neighborhoods; offering unmatched upside potential in an elite residential market. Currently configured as a spacious four-bedroom triplex with original period details, plus a separate one-bedroom garden apartment with private entry, the property provides immediate rental income alongside long-term value creation. Zoned R6 with unused FAR, it offers significant redevelopment options: expand, reconfigure, or convert into a luxurious single-family residence tailored to the high-end buyer. Surrounded by high-end townhomes, boutique retail, and top-tier dining, this location supports strong resale value. This is a perfect opportunity for investors or developers looking to renovate and sell in one of Manhattan’s most in-demand residential markets.