What does the future of garage parking look like? A car space costs at least $300,000 (VIDEO)

What does the future of garage parking look like? A car space costs at least $300,000 (VIDEO)

Hidden deep beneath some of New York’s most luxurious apartment buildings is an exclusive world of futuristic parking spaces where high-end vehicles are parked and picked up by robotic parking systems. High-tech parking is a rare convenience in the Big Apple. If you want your car to occupy one of these VIP spaces, you need to be prepared to pay between $300,000 and $595,000.

Those places are available only to residents of buildings where apartments cost several million. CNBC found two buildings in Manhattan that offer spaces for sale inside a so-called robo-parking garage.

The first is located near Gramercy Park where it is residential building of 140 units, developed by Toll Brothers, and offers 24 automated parking spaces.

Earlier this month, Lori Alf, a full-time Florida resident, snapped up one of the few parking spots for $300,000 when she bought the building’s most expensive unit: a five-bedroom duplex that spans nearly 3,500 square feet.

She told CNBC that the package, which totaled $9.45 million, was a gift to her children, who now spend more time in New York.

key, car (Pixabay)

How does parking in the garage work?

Now when Alf or her children want to park the family’s Porsche Cayenne in the building’s garage, they pull up to a kiosk where they use a radio frequency to unlock access to an underground car garage where people don’t have access.

Pressing the button on the kiosk sends a signal one level below. The crane sends the empty pallet down to ground level and picks up the Alfs’ car. A set of cameras scans the entrance to the system to confirm that the trunk and car doors are closed – and that there are no objects or people that could interfere with the automation.

When the scanners check that it’s “all clear”, the pallet, with the car on top, goes under the floor. He pauses briefly as he descends into the basement to turn the vehicle 180 degrees before slotting it into one of the empty spaces.

The system can lift and move two cars each in four rows and on two levels.

Picking up a car is a lot like picking from a giant slot machine. Residents swipe their RFID tags once again, and the system delivers cars to them in about 2 minutes and 15 seconds.

One of the conveniences for the Alfa family is that they never have to reverse to exit the building.

“Your car is turned by a robot,” she told CNBC.

How much does the self-parking system cost?

Pedro Fernandez, a local sales representative for Klaus Parking, the company that sold the German parking system to the building’s developer, told CNBC that it is the most automated garage he has ever installed in Manhattan.

A company’s top-tier system typically costs between $50,000 and $70,000 per site installed. Fernandez said developers are investing more than $1 million in intelligent parking infrastructure because it is super efficient in arranging vehicles and maximizing space.

The self-parking system can unlock more spaces per square foot because it doesn’t require the ramps and driving lanes you see in most conventional garages, he said.

Car, garage (Pexels)

Car, garage (Pexels)

“As crazy as it sounds, $300,000 for a residential parking space is considered a reasonable price in New York,” said Senada Adzem, a Florida real estate broker with Douglas Elliman, whose team represented Lori Alf in her recent purchase.

Adzem said yes CNBC that the so-called spots in the system that include a plug for charging electric vehicles cost $350,000. And whether it’s electronic or not, each parking spot costs $150 a month to maintain.

“The total lack of parking in the city, a permanent problem with no end in sight, will only escalate such prices,” said Adzem.

She believes the shortage could turn a seemingly large expense into money for owners, who could eventually resell their place.

There are also more expensive parking spaces for cars

Across town, parking spaces are even more expensive in the building that was once home to pop star Ariana Grande and is currently home to rock musician Sting and his wife, film producer Trudy Styler.

The price of parking at 520 West 28th Street starts at $450,000.

The luxury residence, designed by architect Zaha Hadid and developed by The Related Companies, includes a 4,500-square-foot penthouse that is currently on the market for $16.5 million. And according to listing agent Julie Pham of Corcoran, a parking spot in the building’s garage can cost upwards of $595,000 per vehicle.

Automobiles

Cars (Pixabay)

“I’ve never seen anything like it before,” Fam said of the unique convenience.

Residents can use the app to communicate with a so-called “secure parking portal” and remotely initiate an automated pickup process so the car is ready to go when they are.

While Pham would not reveal the identities of past or present clients, she told CNBC that automated parking is a major draw for one well-known resident, who had a security team inspect the parking lot before moving in.

Representatives of the unnamed celebrity accepted the deal in part because the star could enter and leave the garage in complete privacy, Fam added.

“They liked the idea that you don’t have to have contact with a doorman or an attendant, or that no one can enter right behind you,” she pointed out.

Source: BIZLife

Photo: Pixabay, Pexels


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