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248 W 12th St 2 Unit Apartment Building $8,650,000 ($4,325,000/Unit) New York, NY 10014
Executive Summary
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.
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.
Property Facts
| Price | $8,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $4,325,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Sale Condition | Redevelopment Project | Building Size | 3,420 SF |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1852 |
| Property Subtype | Apartment | ||
| Zoning | R6 | ||
| Price | $8,650,000 |
| Price Per Unit | $4,325,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 3,420 SF |
| No. Stories | 3 |
| Year Built | 1852 |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Fireplace
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Carpet
- Dining Room
- Garden
- Mud Room
- Porch
- Skylights
Site Amenities
- Fenced Lot
- Vintage Building
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | 0615-0023 | Improvements Assessment | $143,095 |
| Land Assessment | $58,995 | Total Assessment | $202,090 |
Property Taxes
Parcel Number
0615-0023
Land Assessment
$58,995
Improvements Assessment
$143,095
Total Assessment
$202,090
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248 W 12th St
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