338 W 71st St 2 Unit Apartment Building For Sale New York, NY 10023

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.