NYC Automated Parking Garage Spots Sell For More Than $595,000

Offbeat / 5 Comments

You can buy whole houses for the cost of these automated parking spots.

Your Lamborghini Huracan Tecnica or other exotic car can now be parked in an automated car vending machine in New York for as much as $595,000. The automated parking garage certainly isn't the first of its kind - the Bentley apartments in Miami have a very similar system that brings your Bentayga up to your unit in an elevator - but it's the price that astounds us most

According to Senada Adzem, a Florida-based real estate broker who worked with a client that will make use of the system, "As crazy as it may sound, $300,000 for a residential parking spot is considered a reasonable price in New York City." Spots in the fully automated garage at 121 East 22nd (both the address and the name of the building) can range in price from $300,000 to $595,000.

Klaus Parking
Klaus Parking
Klaus Parking

In other words, you'll need enough money for two Huracan Tecnicas before you can even think about one of these ultra-expensive parking spots, much less afford the units above. CNBC reports there are two of these automated parking facilities in Manhattan, and 121 E 22nd is just one of them. It offers 24 spots, one of which is now owned by a resident that bought the building's largest apartment: a five-bedroom unit measuring nearly 3,800 square feet.

Things are just as pricey at 520 West 28th Street. Spots run for north of $595,000, and a penthouse unit at this address is listed for a hilarious $16.5 million.

Klaus Parking
Klaus Parking
Klaus Parking

The parking spots work via an RFID tag or app, as seen in the images here. from there, the metal pallet whisks the car to its assigned spot.

There are plenty of fail-safes in place, including laser measuring systems and cameras to ensure there's no obstructions. After the coast is clear, the car is spun 180 degrees before descending. The system should be pretty quick, as CNBC quotes a retrieval time of around 2:15.00.

Klaus Parking is the company that produces this particular unit and says that its spaces usually retail between $50,000 and $70,000 a spot on installation. Clearly, the building will make a nice bundle on this investment.

Pedro Fernandez, a sales rep for Klaus, says "There was no other way to park 24 cars [under 121 E 22nd]." The system is said to be better than a conventional garage, owing to the fact that human needs like ramps and extra space can be eliminated.

Klaus Parking
Klaus Parking
Klaus Parking
Source Credits: CNBC

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