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Property Description
Serhant LLC has been exclusively retained to market the parking garage at 80 Park Avenue, a 110-space, 20,210 square foot commercial condominium located in the heart of Midtown Manhattan’s Grand Central district.
Positioned at the base of two well-established residential towers spanning Park Avenue from East 38th Street to East 39th Street, the garage features a dedicated street-level entrance and occupies the lower and sub-lower levels of the buildings. Currently 100% owner-occupied, the property offers immediate leasing or owner-user potential, with strong fundamentals supported by consistent parking demand from local residents, tourists, and nearby office workers.
Surrounded by premier office buildings, transit hubs, and dense residential inventory, 80 Park Avenue is situated in one of Manhattan’s most consistently trafficked neighborhoods. The area's strong commuter base and limited supply of parking further reinforce the long-term value of the asset.
This offering represents a rare opportunity to acquire a centrally located, institutional-grade parking facility in a supply-constrained market, with significant potential for income optimization through market-rate leasing.
Overview
Property Type
Commercial
Location
80 Park Ave, New York, NY 10016
Listing Last Updated
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