Parking Garage for Sale in NYC | 525 East 80th Street, Upper East Side

BKREA has been retained to arrange the sale of the Parking Garage Condominium Unit at 525 East 80th Street, offering an opportunity to acquire an entire income-producing garage on Manhattan’s Upper East Side.

For buyers seeking a parking garage for sale in NYC, this approximately 10,470-square-foot property combines established parking operations with flexible ownership options. The garage currently accommodates 49 vehicles, with zoning capacity for up to 52 spaces, according to the seller’s materials.

Located in Yorkville, the garage is operated by a tenant serving both monthly and transient parking customers. Established as an original condominium unit, it has operated continuously as a single garage asset since 1981.

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An Upper East Side Opportunity for Collectors and Parking Businesses

This Upper East Side parking garage for sale may appeal to several buyer groups:

• Car collectors exploring a Manhattan location to accommodate a vehicle collection.
• Car rental companies evaluating an Upper East Side base for fleet parking.
• Condominium associations and residential building owners seeking additional parking options for residents.
• Parking operators looking to expand their NYC footprint through the acquisition of an established garage.
• Investors seeking a parking condominium with existing income-producing operations.

Buyers considering personal use, fleet parking or a different operating model should evaluate the existing tenancy, condominium requirements and applicable approvals.

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Established Operations With Ownership Flexibility

The offering is the entire garage condominium unit, currently operated as one income-producing asset. A purchaser can evaluate continuing the existing arrangement or pursuing an alternative strategy consistent with the lease and governing documents.

According to the seller, Attorney General approval is already in place for the sale of individual parking space licenses, an option the current owner has not exercised. The seller’s materials indicate that this approval can be transferred to a new owner through an amendment filed with the Attorney General.

The existing offering plan documents a $300,000-per-space price for individual licenses. This provides a reference for buyers evaluating that strategy, rather than a guarantee of future sales proceeds.

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Property Highlights

• Address: 525 East 80th Street, Manhattan, NYC
• Neighborhood: Yorkville, Upper East Side
• Asset: Entire parking garage condominium unit
• Size: Approximately 10,470 square feet
• Current capacity: 49 vehicles
• Potential capacity: Up to 52 spaces, as indicated in the seller’s zoning information
• Operations: Valet parking serving monthly and transient customers
• Additional option: Existing approval for individual parking space license sales, subject to the applicable transfer process

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Explore This NYC Parking Garage for Sale

Whether you are a car collector, car rental company, condominium representative, investor or parking operator looking to expand on the Upper East Side, 525 East 80th Street offers a parking garage for sale in NYC worth exploring.

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Contact Ana Barrie at BKREA to request the offering memorandum, discuss pricing guidance or arrange a property tour.

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