NYC robotic parking programs price luxurious residents $300,000 per house

NYC robotic parking programs price luxurious residents 0,000 per house

NYC robotic parking programs price luxurious residents 0,000 per house

Hidden deep beneath a few of New York Metropolis’s most luxurious residence buildings is an unique world of futuristic parking areas the place high-end automobiles are parked and retrieved by robotic parking programs. 

The high-tech spots are a uncommon amenity within the Large Apple, and in order for you your automobile to occupy one among these VIP areas you have to be able to fork over lots of of 1000’s of {dollars}.

The spots are solely accessible to residents of buildings the place the flats will set you again a number of million, and in order for you your automobile to dwell there too you will want between $300,000 to $595,000 extra to attain some treasured house within the personal storage.

CNBC discovered two buildings in Manhattan providing spots on the market inside a so-called robo-parking storage.

The primary is situated at 121 East twenty second Road close to NYC’s Gramercy Park the place a 140-unit condominium constructing developed by Toll Brothers presents 24 automated parking spots.

Excessive above the twenty second St condominium’s underground storage is the wraparound terrace of a 5-bedroom duplex residence that not too long ago bought with a $300K parking spot for $9.45 million.

DroneHub Media

Earlier this month, Lori Alf, a full-time resident of Florida, picked up one of many uncommon parking areas for $300,000 when she bought the constructing’s priciest unit: a 5-bedroom duplex spanning nearly 3,800 sq. toes.

She informed CNBC the bundle deal, which totaled $9.45 million, was a present to her kids who are actually spending extra time in New York.

The sun-drenched dwelling space inside Lori Alf’s penthouse unit at 121 E twenty second St.

Toll Brothers Metropolis Dwelling

Now when Alf or her youngsters need to park the household’s Porsche Cayenne within the condominium’s storage they pull as much as a kiosk the place the wave of a small radio frequency ID tag unlocks entry to a subterranean automobile lair the place no people are allowed. 

Urgent a button on the kiosk sends a jolt of life into an empty steel pallet one stage beneath. It slides throughout a monitor onto a strong carry that sends the empty pallet up towards ground-level to satisfy the Alfs who can then rigorously place their automobile on high of it.

As a automobile enters the automated system a movement board delivers messages to the motive force to guarantee the automobile is positioned correctly for the parking course of to start.


Earlier than their wheels are whisked away, a set of cameras scan the system’s entryway to verify the automobile’s trunk and doorways are all closed — and that there aren’t any objects or people left behind which may hinder the automation. 

When the scanners ship the “all clear,” the pallet, with automobile on high, disappears into the ground, pausing briefly because it descends into the basement to spin the automobile 180 levels earlier than slotting it into one of many empty areas.

The system can carry and shuffle two dozen vehicles throughout 4 rows and two ranges. 

A automobile parked on the decrease stage of the automated parking storage at 121 E twenty second St the place costs begin at $300K per spot.


Retrieving the automobile is quite a bit like making a variety from a large merchandising machine. Residents swipe their RFID tags as soon as once more, and the system delivers their vehicles in about 2 minutes and 15 seconds.

One of many perks for Alf: She by no means has to place the automobile in reverse to exit the constructing.

“The automobile is turned for you by the robotic,” she informed CNBC. “Who does not dwell for a robotic that units you in the fitting course in NYC?”

Pedro Fernandez, a neighborhood gross sales consultant for Klaus Parking, the corporate that bought the German-made parking system to the constructing’s developer, informed CNBC it is essentially the most automated storage he is ever put in in Manhattan. 

The corporate’s top-tier system usually prices between $50,000 and $70,000 per spot put in. Fernandez stated builders make investments over one million {dollars} within the clever parking infrastructure as a result of it is tremendous environment friendly at arranging automobiles and maximizing house.

The view contained in the robo-parking machine at 121 E twenty second St reveals a system of pallets and hydraulic lifts that maneuver vehicles round a two-tier subterranean parking construction.


“There was no different solution to park 24 vehicles,” Fernandez stated of the storage house underneath 121 East twenty second Road.

The self-parking system can unlock extra areas per sq. foot as a result of it does not require the ramps and driving lanes you see in most standard garages, he stated.

​”As loopy as it could sound, $300,000 for a residential parking spot is taken into account an affordable worth in New York Metropolis,” stated Senada Adzem, a Florida-based actual property dealer at Douglas Elliman, whose crew represented Alf in her current buy.

Adzem informed CNBC spots within the system that embody a charging plug for electrical automobiles will run you $350,000. And whether or not it is electrified or not, each parking spot carries a $150 per-month upkeep payment.

“The general lack of parking within the metropolis, an ongoing downside for ever and ever, will solely escalate such pricing,” stated Adzem. 

She believes quick provide may flip the seemingly lavish expense right into a money-maker for homeowners, who may finally resell their spot at a revenue.

A automobile contained in the automated parking storage at 520 West twenty eighth the place spots begin at $450K.

Martien Mulder & Associated

Throughout city, parking spots are even pricier in a constructing that was as soon as dwelling to popstar Ariana Grande and at the moment homes rock musician Sting and his movie producer spouse Trudie Styler.

The worth to park at 520 West twenty eighth Road begins at $450,000. 

The $16.5M penthouse at 520 W twenty eighth St unfolds over the fifteenth & sixteenth flooring, that includes a 2,040 sq ft terrace that wraps across the constructing’s curvaceous glass facade.

Colin Miller / Associated

The luxe residence, designed by famed architect Zaha Hadid and developed by The Associated Corporations, features a 4,500-square-foot penthouse at the moment available on the market for $16.5 million. And in accordance with itemizing agent Julie Pham of Corcoran, a parking house within the constructing’s storage can price upwards of $595,000 extra per automobile.

“I might by no means seen something prefer it earlier than,” Pham stated of the distinctive amenity.

Residents can use an app to speak with the so-called “secured parking portal” and remotely begin the automated retrieval course of so the automobile is able to go when they’re.

The $16.5M penthouse itemizing consists of ten rooms and nearly 4,500 sq ft of indoor dwelling house, the asking worth doesn’t embody parking.

Colin Miller / Associated

Whereas Pham would not reveal the identities of any previous or current purchasers, she did inform CNBC the automated parking was a significant draw for one well-known resident, who had a safety crew study the parking space previous to transferring in.

The unnamed movie star’s representatives OK’d the deal partially as a result of the star may enter and exit the storage in complete privateness, Pham stated.

 “They preferred the concept you did not have to interact with a valet or an attendant, or that anybody could not are available proper behind you,” she stated.

And through the pandemic, the dealer stated, residents who needed to reduce their publicity to Covid-19 beloved that they might deposit and retrieve their automobile with out handing over their keys to a valet.

Whereas the automated spots are expensive, they don’t seem to be even near NYC’s most costly.

Lately, some condominium builders have pushed their asking costs for a primary concrete-and-yellow-stripe parking spot to the $1-million mark, in accordance with Jonathan Miller, president of Miller Samuel, a agency specializing in actual property value determinations and consulting. Nonetheless, he stated, it is unlikely a spot with a 9-figure asking worth has ever lured in an precise purchaser.

“I by no means discovered proof of their precise closings,” he informed CNBC.

Miller, who analyzed public data at CNBC’s request, stated probably the most costly parking spots bought on the town final 12 months was situated at 220 Central Park South, the place a parking house went for a formidable $750,000. Miller stated, based mostly on public data, it seems linked to an residence within the constructing that traded for $16 million.

“It is actually robust to trace since most gross sales are embedded within the sale of a unit,” Miller informed CNBC.

And it is even more durable to trace gross sales of spots within the newer automated programs, as a result of, in lots of circumstances the spots are literally licensed to consumers, not deeded and bought like most actual property, in accordance with brokers.

Miller stated his finest estimate for the going price of a single NYC parking spot: “I feel $300,000 to $400,000 is the candy spot for brand new growth.”

Leave a Reply

Elon Musk is now not the richest individual on the earth
World News

Elon Musk is now not the richest individual on the earth

SpaceX proprietor and Tesla CEO Elon Musk speaks throughout a dialog with legendary sport designer Todd Howard (not pictured) on the E3 gaming conference in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk is now not the richest individual on the earth. He ceded that title to LVMH chairman […]

Read More
Microsoft responds to FTC try to dam Activision Blizzard deal
World News

Microsoft responds to FTC try to dam Activision Blizzard deal

Microsoft on Thursday filed its response to U.S. regulators’ antitrust case trying to dam the software program maker from shopping for video-game writer Activision Blizzard, saying that the deal is not going to hurt competitors. The Federal Commerce Fee’s problem to the proposed $68.7 billion acquisition stands out as the most important authorities pushback Microsoft […]

Read More
Elon Musk is rising a social community. Simply not the one he anticipated.
World News

Elon Musk is rising a social community. Simply not the one he anticipated.

Mastodon homepage is seen displayed on a cell phone display screen held by hand. It has been reported that greater than 200.000 new customers flocked the social media app after the takeover of Twitter by Elon Musk. Davide Bonaldo | Lightrocket | Getty Pictures One of many greatest beneficiaries of billionaire Elon Musk’s chaotic possession […]

Read More