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411 E 53rd St
New York, NY 10022
Vacant Garage Condominium · Flex Property For Sale
Executive Summary
A commercial condominium unit formerly operated as a ramped, bi-level attended parking garage; CofO for 72 vehicles; been vacant for over 10 years; bathroom; attendant's booth; no resident set-asides or insider pricing; has stackers; 187 dwelling units above; delivered fully vacant, free of operator and vehicles; has vehicle connectivity/pass-thru to adjacent 400 East 54th Street garage, also for sale(permitted for 140 vehicles) for total parking of 212 vehicles. R/E taxes: $125,051 (2025/2026) Common Charges (2026): $203,976 which includes capital assessment of $67,395.84 that expires 12/31/26 Common Charges (2027): Est. $144,000
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 72 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 72 |
Description
For sale is a vacant commercial garage condominium in the base of of 187 unit residential condo; first time on market in 30+ years; in excellent shape; been vacant for over 10 years; excellent for fleet parking, attended parking or other vehicle/fleet adjacent use; CofO for 72 vehicles; bi-level; ramped entrance; 6,254 SF on street level, 9,797 SF on ramped lower level; connectivity via pass-thru to adjacent 400 East 54th Street garage (also for sale; ramped, bi-level, 140 permitted); no requirement to provide residential tenant parking or insider pricing; has stackers; Local Law work to be completed.
Sale Notes
All cash; no contingencies; 30 day DD; 30 day closing
R/E taxes ('25/'26): $125,051
Common Charges (2026): $203,976, which includes capital assessment of $67,395.84 that expires 12/31/26
Common Charges (2027): Est. $144,000
R/E taxes ('25/'26): $125,051
Common Charges (2026): $203,976, which includes capital assessment of $67,395.84 that expires 12/31/26
Common Charges (2027): Est. $144,000
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Garage | 16,051 SF | Flex | Upon Request | - |
Unit Garage
| Unit Size |
| 16,051 SF |
| Condo Use |
| Flex |
| Price |
| Upon Request |
| NOI |
| - |
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Unit Garage
| Unit Size | 16,051 SF |
| Condo Use | Flex |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 72 |
| Description | |
| For sale is a vacant commercial garage condominium in the base of of 187 unit residential condo; first time on market in 30+ years; in excellent shape; been vacant for over 10 years; excellent for fleet parking, attended parking or other vehicle/fleet adjacent use; CofO for 72 vehicles; bi-level; ramped entrance; 6,254 SF on street level, 9,797 SF on ramped lower level; connectivity via pass-thru to adjacent 400 East 54th Street garage (also for sale; ramped, bi-level, 140 permitted); no requirement to provide residential tenant parking or insider pricing; has stackers; Local Law work to be completed.</li></ul> | |
| Sale Notes | |
| All cash; no contingencies; 30 day DD; 30 day closing <br> R/E taxes ('25/'26): $125,051 <br> Common Charges (2026): $203,976, which includes capital assessment of $67,395.84 that expires 12/31/26<br> Common Charges (2027): Est. $144,000</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 226,011 SF | Floors | 20 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 9,944 SF |
| Property Subtype | Apartment | Year Built | 1958 |
| Building Class | C | Lot Size | 0.40 AC |
| Zoning | R10 | ||
| Total Building Size | 226,011 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 20 |
| Typical Floor Size | 9,944 SF |
| Year Built | 1958 |
| Lot Size | 0.40 AC |
| Zoning | R10 |
Amenities
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Doorman
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 189 | - | - |
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Street View
Street
Map
