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Property Description
SERHANT. has been exclusively retained to represent the parking garage at 80 Park Avenue for sale.
This is a rare opportunity to acquire a 20,210-square-foot, 110-space commercial parking condominium in one of Midtown Manhattan’s most high-traffic and supply-constrained submarkets. Located in the heart of the Grand Central District, the garage spans two subterranean levels beneath a full-block residential development and features direct street-level access along Park Avenue.
Currently 100% owner-occupied, the property offers immediate upside through lease-up or operator repositioning. It is ideally situated to serve the consistent demand generated by nearby Class A office towers, high-density residential buildings, major transit hubs, and internationally renowned landmarks like Bryant Park and the New York Public Library.
With no long-term operator contracts or encumbrances in place, this asset is ready for transformation. Whether implemented through an experienced parking operator or retained for owner-use, a tailored leasing strategy can unlock significant value via NOI optimization and operational efficiency.
Steps from Grand Central Terminal—with its extensive subway and regional rail connections—and surrounded by premier hotels and amenities, 80 Park Avenue presents a durable investment with stable fundamentals and long-term growth potential. It is an institutional-grade infrastructure asset positioned at the nexus of New York City’s business, cultural, and residential cores.
SERHANT. has been exclusively retained to represent the parking garage at 80 Park Avenue for sale.
This is a rare opportunity to acquire a 20,210-square-foot, 110-space commercial parking condominium in one of Midtown Manhattan’s most high-traffic and supply-constrained submarkets. Located in the heart of the Grand Central District, the garage spans two subterranean levels beneath a full-block residential development and features direct street-level access along Park Avenue.
Currently 100% owner-occupied, the property offers immediate upside through lease-up or operator repositioning. It is ideally situated to serve the consistent demand generated by nearby Class A office towers, high-density residential buildings, major transit hubs, and internationally renowned landmarks like Bryant Park and the New York Public Library.
Overview
Property Type
Commercial
Location
80 Park Ave, New York, NY 10016
Listing Last Updated
6/18/2025 11:52 AM
Property Features & Amenities
Interior
Exterior
Details
Neighborhood
Murray Hill & Kips Bay
Financial
Price
$6,500,000
Exclusive Listing Agents
Bernadette Brennan
Licensed Associate Real Estate Broker | Executive Director | SERHANT. Commercial NYC
(917) 482-5959 bernadette@serhant.com