Corinthian Garage

Midtown East
New York, NY

Reserve Parking Reserve Storage

A 37,000 square foot parking facility located on the cellar level of an 830 unit residential building and 70,000 square foot medical office complex. Encompassing 200 parking spaces and over 200 self-storage units, the property is in close proximity to the NYU Langone Medical Center and directly outside the Midtown Tunnel. Acquired for $10M in 2009, servicing an area of stable growth-oriented venues, coupled with the creation of over 200 self-storage units, this investment was able to realize a significant return with its sale for $16M in 2016.

Property Type

Parking & Storage

Investment Date

10/1/2009

Address

330 East 38th Street
345 East 37th Street

Featured Highlights

Electric charging stations

Digital & ticketless transactions

Customer vehicle retrieval notification app

Dedicated climate controlled customer service area

Bicycle and motorcycle parking available

Valet parking garage

Self parking available

24/7 Access

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