Hidden deep under a few of New York Metropolis’s most luxurious house buildings is an unique world of futuristic parking areas the place high-end automobiles are parked and retrieved by robotic parking methods.
The high-tech spots are a uncommon amenity within the Huge Apple, and if you’d like your automobile to occupy one among these VIP areas you have to be able to fork over a whole lot 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 if you’d like your automobile to dwell there too you will want between $300,000 to $595,000 extra to attain some valuable house within the non-public 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 Avenue close to NYC’s Gramercy Park the place a 140-unit apartment constructing developed by Toll Brothers presents 24 automated parking spots.
Excessive above the twenty second St apartment’s underground storage is the wraparound terrace of a 5-bedroom duplex house that just lately offered 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 virtually 3,800 sq. toes.
She informed CNBC the package deal deal, which totaled $9.45 million, was a present to her youngsters who at the moment are 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 children wish to park the household’s Porsche Cayenne within the apartment’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 degree under. It slides throughout a monitor onto a strong raise 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.
CNBC
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 are not any objects or people left behind that may impede 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 raise and shuffle two dozen automobiles throughout 4 rows and two ranges.
A automobile parked on the decrease degree of the automated parking storage at 121 E twenty second St the place costs begin at $300K per spot.
CNBC
Retrieving the automobile is lots like making a range from an enormous merchandising machine. Residents swipe their RFID tags as soon as once more, and the system delivers their automobiles 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 suitable route in NYC?”
Pedro Fernandez, a neighborhood gross sales consultant for Klaus Parking, the corporate that offered the German-made parking system to the constructing’s developer, informed CNBC it is probably 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 automobiles round a two-tier subterranean parking construction.
CNBC
“There was no different method to park 24 automobiles,” Fernandez stated of the storage house underneath 121 East twenty second Avenue.
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 inexpensive worth in New York Metropolis,” stated Senada Adzem, a Florida-based actual property dealer at Douglas Elliman, whose group represented Alf in her latest buy.
Adzem informed CNBC spots within the system that embrace 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 price.
“The general lack of parking within the metropolis, an ongoing downside endlessly, will solely escalate such pricing,” stated Adzem.
She believes quick provide may flip the seemingly lavish expense right into a money-maker for house owners, 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 house 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 Avenue 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 line 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 contains ten rooms and virtually 4,500 sq ft of indoor dwelling house, the asking worth doesn’t embrace 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 group study the parking space previous to shifting 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 favored the concept you did not have to have interaction 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 attenuate their publicity to Covid-19 cherished that they might deposit and retrieve their automobile with out handing over their keys to a valet.
Whereas the automated spots are expensive, they are not even near NYC’s costliest.
In recent times, some apartment builders have pushed their asking costs for a primary concrete-and-yellow-stripe parking spot to the $1-million mark, in line 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 some of the costly parking spots offered on the town final yr was situated at 220 Central Park South, the place a parking house went for a formidable $750,000. Miller stated, primarily based on public data, it seems linked to an house within the constructing that traded for $16 million.
“It is actually powerful 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 methods, as a result of, in lots of instances the spots are literally licensed to patrons, not deeded and offered like most actual property, in line with brokers.
Miller stated his greatest estimate for the going fee of a single NYC parking spot: “I feel $300,000 to $400,000 is the candy spot for brand new improvement.”
