338 West 71st Street, New York, NY 10023 For Sale

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.