917-833-5059
338 W 71st St, New York, NY for Sale
Apartments - FOR SALE
1/24
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338 W 71st St
New York, NY 10023
Lincoln Square


HIGHLIGHTS

  • 80% of full renovation / restoration completed.
  • Primary residence with seperate garden unit apartment.
  • Below market pricing.

OVERVIEW

Compass has been retained on an exclusive basis to facilitate the sale of 338 West 71st Street, a beautiful two-family brownstone located steps from Riverside Park on the Upper West Side. Featuring approximately 6,626 SF (5,322 SF above grade), abundant natural light, attractive original architectural details, and a flexible layout, this well-maintained property offers a rare opportunity to acquire a substantial Manhattan townhouse with meaningful untapped potential. For end users, 338 West 71st Street offers the opportunity to create a spectacular long-term residence without undertaking the cost, disruption, and uncertainty typically associated with a full townhouse renovation. Rather than starting from scratch, a purchaser can focus on completing the remaining work and bringing their vision for the property to life, with a completion budget available upon request. For investors, the property offers multiple paths to value creation, including townhouse repositioning and resale, condominium conversion, or luxury rental repositioning for long-term ownership. Containing approximately 1,910 SF of additional development rights and supported by sales comps of approximately $2,000/SF and rental comps of approximately $100/SF, the property presents a compelling value-add opportunity in one of Manhattan’s most iconic and enduring residential markets. Opportunities to acquire a townhouse of this size, character, and potential in such a premier Upper West Side location are increasingly rare. Adding to the townhouse’s charm, is its location on a low-traffic, quiet, cul-de-sac street. 338 West 71st Street offers a unique combination of architectural character, existing improvements, scale, and flexibility, allowing purchasers to pursue a wide range of end-user or investment strategies.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

2

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,799 SF

ZONING

R8B

APN/PARCEL ID

1182-0147

ASK ABOUT THIS PROPERTY

Gregg HaftCOMPASSMore Info
917-833-5059

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Gregg HaftCOMPASSMore Info
917-833-5059

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.