Garage Condos in New York

Overview and Pricing for Garage Condos in New York:

In New York, the market for vehicle storage is far more about selling individual deeded parking spots than building out true garage-condo developments like those seen in Arizona or Colorado. On the low end, indoor parking spaces in converted garages or condo buildings on the Upper East Side have sold in the $175,000–$350,000 range, while more prestigious locations like the West Village command $500,000 or more per space. These are essentially “car-condo–lite” offerings: secure, deeded ownership of a spot within an existing building, but without the scale, customization, or lifestyle amenities of a full motor-garage campus. At the premium end, New York’s real estate economics favor converting entire garages into luxury residences rather than into collector car condos, which means the city’s market is driven by scarce, high-priced parking berths instead of purpose-built garage-condo communities.

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