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Parking, the Ultimate Luxury?

Published On November 25th, 2014 by Alexander Team


With the Thanksgiving holiday coming up this week, many New Yorkers are assuredly wishing they had a car parked downstairs in their building to quickly escape the city. Parking has however always been an issue in New York City, with spaces few and far between. With barely any parking available, having a private parking space is the ultimate luxury. 


Just last week an article was released highlighting the desirability of a parking spot when looking at real estate listings. More and more developers are setting aside space within their amenities to create private parking garages, some even putting automated parking garages in to bring the car to your apartment (such as the Sky Garage). Rather than offering these up with the properties directly though, they are often for sale separately. A parking spot at 42 Crosby Street costs $1 million for a 99-year lease.


The Alexander Team has understood this need and offers several properties that include a coveted spot. If you are wondering where you can park your ride, we guarantee you that 1 York Street is that one location you’ve been looking for, with private automated parking and an exquisite prime location. The robotic parking spot here comes deeded with the apartment, so no extra $1 million price tag. Simply swipe a card, and watch your car get whisked up into the garage by a specialized elevator. Overlooking Soho and Tribeca, this masterpiece will greet you with an enormous open living and dining space, white glove amenities including a private health club and spa, and a 28’ heated outdoor swimming pool with an amazing rooftop deck with an outdoor shower! 


Maybe if Tribeca isn’t your ‘cup of tea,’ we have 524 East 72nd Street in The Belaire, with stunning views of the river, bridges, and skyline views from every window. Or 200 East 69th Street in Trump Palace with three separate terraces and a loft like living room area measuring 26’x14’. From the marble flooring, to the maple and granite kitchen with state of the art appliances, marble bathrooms, California closets, Maytag washer dryer, Wolf Oven, and separate bar with Marvel wine cooler, this home had been meticulously designed and maintained. All these exclusive properties include private luxury parking as an amenity.


Although it’s a coveted luxury for developers to offer such spots, this commodity is difficult for them to pull off. According to land-use lawyer Jay Segal, “the limitations are strict and parking places are controlled by zoning.” Most south of 59th street parking spaces are limited to one spot for every five units. In order to construct parking space, you need to get a special permit from the City Planning Commissiona process which could take 18 months to two years.


The Alexander Team continues to meet the needs of our clients even when inventory is low and luxuries are more difficult to come by.  

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Phone: 212.350.8531
Email: thealexanderteam@elliman.com