525 East 80th Street
525 East 80th Street is an institutional-quality parking garage condominium on Manhattan's Upper East Side, comprising approximately 10,470 square feet with 49 valet-operated parking spaces. The asset operates as a single income-producing unit serving both transient and monthly customers in a dense residential neighborhood with strong parking demand. Priced upon request.
The garage holds original condominium status and has operated continuously with experienced valet management. The property benefits from zoning capacity to accommodate up to 52 vehicles, offering potential for expansion. The seller holds Attorney General approval to sell individual licensed parking spaces, which can be transferred to a new owner through a simple amendment, providing the flexibility to maintain the garage as a consolidated operation or pursue individual space sales.
- Rare institutional-quality parking asset in Manhattan's Upper East Side
- 49 valet-operated spaces; zoning capacity for up to 52 vehicles
- Established condominium with continuous operating history
- Flexibility to sell as consolidated asset or individual licensed spaces
- Strong transient and monthly parking demand in dense residential market
Location
BKREA has been retained to arrange the sale of the Parking Garage Condominium Unit at 525 East 80th Street, a rare institutional-quality parking asset located on Manhattan’s Upper East Side. The offering comprises the entire approximately 10,470-square-foot garage condominium, currently operating as a single income-producing asset with 49 valet-operated parking spaces and zoning capacity for up to 52 vehicles. The garage has operated continuously as an original condominium unit and serves both transient and monthly parking customers in a dense residential neighborhood with strong parking demand. The seller also has Attorney General approval to sell individual licensed parking spaces, which can be transferred to a new owner through a simple amendment, providing flexibility to maintain the garage as a consolidated income-producing operation or pursue the sale of individual spaces. With an established operating history, experienced valet management, and the potential to increase capacity from 49 to 52 spaces, the property represents a unique opportunity to acquire a flexible and income-generating parking asset in one of Manhattan’s most desirable neighborhoods.