Description

BKREA has been exclusively retained to market the parking garage at 455 Central Park West, a rare opportunity on Manhattan’s Upper West Side. Located at the base of a luxury residential tower with a dedicated street-level entrance, the multi-level below-grade facility sits directly across from Central Park and is surrounded by premier residential buildings and cultural institutions. The property totals 15,376 square feet and is currently configured with 106 operating spaces, though it is officially licensed for 67 spaces, and will be delivered vacant at closing. With an assessed value of $812,431 and annual taxes of $87,434, the garage benefits from strong underlying demand driven by a dense luxury residential population, limited local parking supply, and consistent visitor traffic. Its prime, supply-constrained location positions the asset for immediate income generation and long-term value creation, with meaningful upside potential through market-rate leasing and enhanced operational efficiency.