525 E 80th St - Upper East Side/Yorkville Garage For Sale
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525 E 80th St - Upper East Side/Yorkville Garage For Sale
10,470 SF Specialty Building Offered For Sale in New York, NY 10075
Executive Summary
Purchase of a garage condominium unit (52 permitted occupancy) that is at the base of a residential condo; robust garage in a robust market; purchase includes NYS AG-approved and transferable license sales plan (similar to selling individual parking space condos) of up to 49 licenses with a forecasted $11 mil sell-out; no other garage offering in NYC has these three revenue streams: monthlies, dailies and license sales; cancellable management agreement; high parking demand, low parking supply neighborhood; neighborhood garages are over subscribed with monthlies; can stuff up to 73 cars; garage has up to 54 monthlies and up to 32 weekday transients.
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Property Facts
| Sale Type | Investment | Building Size | 10,470 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Parking Garage | Year Built | 1981 |
| Lot Size | 0.36 AC |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Lot Size | 0.36 AC |
| Building Size | 10,470 SF |
| No. Stories | 1 |
| Year Built | 1981 |
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Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (81)
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525 E 80th St - Upper East Side/Yorkville Garage For Sale
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