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BKREA announced the exclusive listing of a 10,470-square-foot commercial garage condominium at 525 East 80th Street on Manhattan’s Upper East Side. Located in Yorkville, the property offers 52 legal parking spaces and is being marketed for investment and owner-user purposes, with potential for a build-to-suit transaction. The offering is led by Bob Knakal, Chairman & CEO of BKREA, and Ana Barrie, Managing Director.
The offering comprises 10,470 square feet of commercial garage space, providing substantial capacity within one of Manhattan’s established residential neighborhoods.
The property includes 52 legal parking spaces, creating a specialized commercial asset that can serve car collectors, parking operators, and nearby residential or commercial users.
Located on the Upper East Side in Yorkville, the garage is near Carl Schurz Park and the East River, with access to the neighborhood’s transportation network and surrounding residential and retail amenities.
The property is being marketed for both investment and owner-user purposes. Its configuration also creates potential for a build-to-suit transaction, providing flexibility for different buyer strategies.
The commercial garage condominium is part of The Wakefield, a 13-story, 68-unit condominium building constructed in 1981 with full-service amenities. The property is zoned R8B.
With its combination of size, parking capacity, and Upper East Side location, 525 East 80th Street represents a specialized commercial opportunity in a market where dedicated parking is limited.
525 East 80th Street demonstrates BKREA’s focus on identifying specialized commercial real estate opportunities that may appeal to a targeted group of investors and owner-users. The combination of 52 legal parking spaces, 10,470 square feet, and a Yorkville location gives the property a distinct position within the Upper East Side market.
“The scale of the space and the number of parking spaces make this a particularly unique offering for the Upper East Side.”
What is being offered at 525 East 80th Street?
A 10,470-square-foot commercial garage condominium with 52 legal parking spaces.
Where is the property located?
The property is located at 525 East 80th Street in Yorkville on Manhattan’s Upper East Side.
How can the property be used?
The offering is being marketed for investment and owner-user purposes, with potential for a build-to-suit transaction.
Who is representing the property?
The offering is led by Bob Knakal, Chairman & CEO of BKREA, and Ana Barrie, Managing Director.
What makes the property distinctive?
Its combination of 10,470 square feet, 52 legal parking spaces, and an established Upper East Side location creates a specialized commercial offering.
What is the zoning?
The property is zoned R8B.
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