NYC Parking Lots


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Developers are paying big for parking lots in urban areas. (Credit: iStock)

They paved paradise to sell a parking lot

“They paved paradise to put up a parking lot,” Joni Mitchell famously sang. However, in hot real estate markets, we’re well past that. Developers, desperate for prime land upon which to build, are increasingly...

They paved paradise to sell a parking lot
Photos and text from the lawsuit. (Source: New York State Unified Court System)

“Retribution and revenge”: Select Garages says Donald Zucker is trying to destroy the company

Developer Donald Zucker has been hit with ten lawsuits from a parking garage operator who says Zucker is trying to ruin his company. In...

“Retribution and revenge”: Select Garages says Donald Zucker is trying to destroy the company
Self-storage developer picks up Flatiron District parking garage for $32M

Self-storage developer picks up Flatiron District parking garage for $32M

The Zucker Organization parted ways with a parking garage that sits a couple of blocks from Madison Square Park...

Self-storage developer picks up Flatiron District parking garage for $32M
(Credit: KoiQuestion, Pixabay)

Do the math: Buy a parking space or start a real estate empire?

“If you have $300,000 and are willing to part with it for a little bit of concrete, cool–you’ve got...

Do the math: Buy a parking space or start a real estate empire?
Gary Spindler sells 99-year lease of parking lot on the Far West Side

Gary Spindler sells 99-year lease of parking lot on the Far West Side

Parking mogul Gary Spindler handed over control of one if his Far West Side parking lots to a developer...

Gary Spindler sells 99-year lease of parking lot on the Far West Side
Self-driving cars could kill parking garages. Here’s how developers are responding

Self-driving cars could kill parking garages. Here’s how developers are responding

As the rise of self-driving cars threatens to make many parking garages obsolete, developers are thinking about ways to...

Self-driving cars could kill parking garages. Here’s how developers are responding
Are parking garages toast?

Are parking garages toast?

When you ask developers about the big challenges facing the real estate industry, they may point to rising interest rates or tax reform. Tech investors would rather talk about self-driving cars, big data or...

Are parking garages toast?
Three garages at UWS luxury buildings hit market asking $65M

Three garages at UWS luxury buildings hit market asking $65M

Three Riverside Boulevard parking garages encompassing more than 228,000 square feet are on the market, asking $65 million, or...

Three garages at UWS luxury buildings hit market asking $65M
Trouble parking? Just drop $185K for a spot at this BK garage

Trouble parking? Just drop $185K for a spot at this BK garage

One of New York City’s hottest new clubs is a parking garage in Brooklyn. The entry fee starts at...

Trouble parking? Just drop $185K for a spot at this BK garage
Tavern on the Green owners tap lobbyist Suri Kasirer as union talks loom

Tavern on the Green owners tap lobbyist Suri Kasirer as union talks loom

With union talks looming — as well as a plan to build a new parking lot — the owners...

Tavern on the Green owners tap lobbyist Suri Kasirer as union talks loom
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