EIGHT-STORY GARAGE TRADES FOR $32M IN GREENWICH VILLAGE

by admin

NEW YORK CITY — An eight-story parking garage in Greenwich Village has sold for $32 million, or $700 per square foot. The property is located on the southern side of East 13th Street, between University Place and Fifth Avenue. The 45,032-square-foot garage is ripe for redevelopment after the building's last tenant Hertz Rental Car vacated its space once its lease expired. Another former parking garage on East 11th Street was recently converted into a luxury condominium building. Alan Cohen, Steven Hornstock, Adam Maxson and Justin Strizzi of ABS Partners represented the seller in the transaction.

You may also like