455 Central Park West

BKREA has been exclusively retained to market the parking garage at 455 Central Park West, a 106-space, 15,376 square foot facility located at the base of a luxury residential tower on Manhattan’s Upper West Side. The garage will be delivered vacant and features a dedicated street-level entrance and spans multiple below-grade levels, offering convenient parking for residents, visitors, and commuters. The property is currently configured with 106 operating spaces and holds a license for 67 official spaces, providing flexibility and immediate income-generating potential. With an assessed value of $812,431 and annual taxes of $87,434, the garage benefits from stable operating fundamentals supported by the area’s dense residential population and steady demand for parking. Surrounded by premier residential buildings, cultural institutions, and Central Park itself, 455 Central Park West is strategically positioned within one of Manhattan’s most desirable neighborhoods. Limited parking supply in the area, coupled with strong demand from both residents and visitors, reinforces the long-term value of the asset. This offering represents a rare opportunity to acquire a centrally located, institutional-quality parking facility in a highly supply-constrained market, with significant potential for income optimization through market-rate leasing and improved operational efficiency.BKREA has been exclusively retained to market the parking garage at 455 Central Park West, a 106-space, 15,376 square foot facility located at the base of a luxury residential tower on Manhattan’s Upper West Side. The garage will be delivered vacant and features a dedicated street-level entrance and spans multiple below-grade levels, offering convenient parking for residents, visitors, and commuters. The property is currently configured with 106 operating spaces and holds a license for 67 official spaces, providing flexibility and immediate income-generating potential. With an assessed value of $812,431 and annual taxes of $87,434, the garage benefits from stable operating fundamentals supported by the area’s dense residential population and steady demand for parking. Surrounded by premier residential buildings, cultural institutions, and Central Park itself, 455 Central Park West is strategically positioned within one of Manhattan’s most desirable neighborhoods. Limited parking supply in the area, coupled with strong demand from both residents and visitors, reinforces the long-term value of the asset. This offering represents a rare opportunity to acquire a centrally located, institutional-quality parking facility in a highly supply-constrained market, with significant potential for income optimization through market-rate leasing and improved operational efficiency.