-- BKREA announced today the exclusive listing of a 10,470-square-foot commercial garage condominium at 525 East 80th Street on Manhattan’s Upper East Side. Offered at a price upon request, the property comprises 52 legal parking spaces and is located in Yorkville, one of Manhattan’s most established residential neighborhoods.
The offering is led by Bob Knakal, Chairman & CEO of BKREA, and Ana Barrie, Managing Director, who represents the property on behalf of ownership.
Located in Yorkville, the property is part of The Wakefield, a 13-story, 68-unit condominium building constructed in 1981 with full-service amenities. The commercial garage condominium is being marketed for investment and owner-user purposes, with potential for a build-to-suit transaction. The property is zoned R8B.
“525 East 80th Street presents an opportunity for car collectors, parking operators, and all residential or commercial neighbors seeking additional parking. With 10,470 square feet and 52 parking spaces, the property offers a combination that is difficult to replicate in Manhattan, where parking remains at a premium. We are pleased to bring this unique opportunity to market and introduce it to qualified buyers,” said Bob Knakal, Chairman & CEO of BKREA.
Barrie added, “What immediately stood out to me about this property is the combination of size, parking and location. As someone who lives on the Upper East Side, I see firsthand how limited parking can be in the neighborhood. Every time I pass 525 East 80th Street, the garage appears consistently well utilized, which speaks to the demand for parking in this area. The scale of the space and the number of parking spaces make this a particularly unique offering for the Upper East Side, and I’m excited to bring it to market.”
The garage is located near Carl Schurz Park and the East River, with convenient access to the Upper East Side’s transportation network. The surrounding neighborhood features a mix of residential, retail and neighborhood-serving commercial uses.
The offering represents an opportunity to acquire a commercial garage condominium in an established Manhattan neighborhood, with the scale and parking capacity to accommodate a range of investment and owner-user strategies.
With BKREA’s specialized approach to New York City commercial real estate, the firm continues to identify and bring to market unique opportunities across specialized asset classes, connecting distinctive properties with qualified investors and owner-users.
About the company: BKREA is a Manhattan-focused commercial real estate investment sales and advisory firm led by Chairman and CEO Bob Knakal. The firm serves property owners, developers, and investors across New York City and provides investment sales, market intelligence, strategic positioning, and transaction execution services.
Contact Info:
Name: Taylor Bello
Email: Send Email
Organization: BKREA
Address: 135 W. 36th St., Fifth Floor New York, NY 10018
Phone: (212) 888-8850
Website: https://www.bkrea.com
Release ID: 89204249
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