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Listing Courtesy of Douglas Elliman Real Estate
$5,000,000
Est. payment /mo
10 Beds
10 Baths
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Lincoln Square
MLS Listing ID RLS20111337
Style Walk-Up
Bedrooms 10
Full Baths 10
HOA Y/N Yes
Year Built 1900
Property Sub-Type Apartment
Property Description
Located on one of the Upper West Side's most coveted tree-lined blocks between Central Park West and Columbus Avenue, 37 West 71st Street presents a rare opportunity to acquire a classic Manhattan townhouse apartment building with significant value-add and future development potential. Built in 1900 and situated within the highly desirable Lincoln Square/Upper West Side neighborhood, the property consists of ten residential units across approximately 6,234 square feet. The building currently comprises eight free-market apartments, offering investors immediate operational upside through strategic renovations, rental repositioning, and long-term asset management. The property sits on a 19' x 102' lot within an R8B zoning district and is currently built to approximately 3.21 FAR, leaving roughly 1,500+ square feet of additional residential development rights. This excess FAR provides future ownership with flexibility to explore expansion opportunities, subject to applicable approvals and due diligence. Positioned moments from Central Park, Lincoln Center, Columbus Avenue's renowned dining corridor, and multiple subway lines including the 1, 2, 3, B, and C trains, the asset benefits from exceptional neighborhood fundamentals and enduring demand. The property is also located in the center of everything, creating accessibility and further enhancing its long-term desirability. The Upper West Side townhouse market continues to attract investors, family offices, and developers seeking irreplaceable assets with stable cash flow and embedded appreciation potential. With a highly favorable unit mix, substantial free-market exposure, and future development optionality, 37 West 71st Street represents a compelling opportunity to acquire a well-located Manhattan multifamily asset in one of New York City's most prestigious residential neighborhoods.
Location
Rooms
Basement Other
Interior
Fireplaces Number 1
Fireplaces Type Decorative
Fireplace Yes
Appliance Washer Dryer Allowed
Laundry Building None
Exterior
Exterior Feature None
Pool Building None
View Y/N Yes
View City Lights, City
Porch None
Private Pool Yes
Building
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 1124-0115
Ownership Rental Building
Special Listing Condition Standard
Pets Allowed Building Yes, No
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RLS Data display by eXp Realty
NEARBY SCHOOL & BUSINESS
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