Real Estate
Manhattan’s Newest Covid-Age Real Estate Bet: Condos for Cars
- Garage operator selling units to the public for up to $350,000
- More people are driving, fewer taking transit during pandemic
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A Manhattan garage operator is betting that city dwellers in the Covid age are driving more, and would pay a premium for a personal place to put their cars.
Centerpark converted an Upper East Side garage into a condominium -- but instead of apartments, it’s selling 23 parking spaces, and hired a luxury real estate broker to market them for sale to the public for as much as $350,000 each.