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The Real Deal New York
NYC Parking Lots
Do the math: Buy a parking space or start a real estate empire?
August 11, 2018 12:01PM
“If you have $300,000 and are willing to part with it for a little bit of concrete, cool–you’ve got a parking spot,” or you...
Gary Spindler sells 99-year lease of parking lot on the Far West Side
February 13, 2018 04:35PM
Parking mogul Gary Spindler handed over control of one if his Far West Side parking lots to a developer from the west – the...
Self-driving cars could kill parking garages. Here’s how developers are responding
January 31, 2018 11:00AM
As the rise of self-driving cars threatens to make many parking garages obsolete, developers are thinking about ways to repurpose them. Architecture firm Gensler,...
Are parking garages toast?
June 09, 2017 05:00PM
When you ask developers about the big challenges facing the real estate industry, they may point to rising interest rates or tax reform. Tech...
Three garages at UWS luxury buildings hit market asking $65M
February 27, 2017 03:50PM
Three Riverside Boulevard parking garages encompassing more than 228,000 square feet are on the market, asking $65 million, or $65,300 per space. The garages...
Trouble parking? Just drop $185K for a spot at this BK garage
October 28, 2016 08:40AM
One of New York City’s hottest new clubs is a parking garage in Brooklyn. The entry fee starts at $185,000. The Parking Club is...
Tavern on the Green owners tap lobbyist Suri Kasirer as union talks loom
October 10, 2016 10:55AM
With union talks looming — as well as a plan to build a new parking lot — the owners of Tavern on the Green...
De Blasio offers compromises on housing policy
March 11, 2016 11:44AM
Signs of progress are emerging from negotiations between the de Blasio administration and the City Council over the future of the city’s housing policy.
UES parking garage marketed as manse for $42.5M
January 28, 2016 11:12AM
Call it real estate’s version of “Pygmalion” — taking a former parking garage on the Upper East Side festooned with signs such as “park”...
In Manhattan, the rise of the $1M parking spot
August 22, 2015 11:00AM
With Manhattan land prices growing ever pricier, it shouldn’t be surprising that parking comes at a dizzying premium. But increasingly, developers are asking $1...
No parking: UES garage pitched as $50M mansion
May 17, 2015 03:00PM
A 40-foot-wide, Beaux-Arts parking garage on the Upper East Side is being marketed as a massive single-family mansion. The owners are asking $50 million.
15 Renwick’s three parking spots to hit the market for $1M each
May 07, 2015 01:50PM
The three lucky residents of boutique condominium 15 Renwick who will score parking spots, will do so at a cost. At a cost of...
Private parking is becoming one of NYC’s ultimate luxuries
November 16, 2014 12:00PM
From Luxury Listings NYC: Forget the yoga studio, forget the rooftop pool and forget the gym: Parking is what really distinguishes a building as...
Manhattan’s last parking lots
September 19, 2014 10:21AM
From the September issue: Try finding a place to park below 59th Street in Manhattan and you might discover that lots with available spots are...
Plan targets parking spots to create affordable housing
September 16, 2014 12:05PM
Three architecture fellows at the Institute for Public Architecture have proposed a project that would leverage 9-by-18-foot parking spaces instituted by old zoning regulations...
Times Square parking lot could give way to new development
August 03, 2014 12:00PM
A mid-block Times Square parking lot two blocks north of the Port Authority Bus Terminal could soon give way to a new hotel or...
Citi Bike owes city $1 million in parking revenue
May 27, 2014 06:10PM
There’s no such thing as free parking in New York.
Downtown Brooklyn apartments rising on 10 parking sites
May 05, 2014 08:30AM
Residential high-rises are increasingly replacing parking lots and multi-story buildings in Downtown Brooklyn.
Ironstate proposes 15-story Chelsea apartment building
January 08, 2014 10:57AM
Hoboken, N.J.-based Ironstate Development plans to build a 15-story apartment complex in Chelsea. Architecture firm Goldstein, Hill & West is designing the 152-foot-tall building...
Park Slope parking spot sells for $80K
July 22, 2013 11:00AM
Out-of-towners think parking costs are through the roof in New York City, but here’s a figure that even gets a native’s attention: $80,000. That’s...
Carlyle Group pays record price for Queens rental tower, scores $180M loan
It’s official: Brookfield owns Forest City
Arel Capital exec is the latest to close on a 220 CPS pad
Brooklyn Heights townhouse joins elite club with $12M sale
Former Airbnb exec snags Cobble Hill townhouse for $4.6M
December 2018 issue
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