Parking in Manhattan is expensive but this is ridiculous: a West Village parking garage at 332 W. 11th St. that was asking $45 million is now in contract.
Built in 1905, the 50-foot-wide, five-story building can be converted into a six-bedroom, 6½-bath, single-family mansion with 30,000 square feet of interior space. And, we hear, that’s just what the New York family who bought the property plan to do.
The listing brokers are Jim St. Andre, Clayton Orrigo and Stephen Ferrara, of Compass, who said that it’s the last major mansion site in the West Village.
We hear it had 35 showings in just one month.
“New Yorkers are showing resilience. People who abandoned the city came back after Labor Day and they are looking to trade up, especially now that prices have adjusted,” said Orrigo.
He added that his Hudson Advisory team signed $90 million worth of real estate into contract last week — all due to “hyper local New Yorkers signing up to buy bigger apartments,” perhaps to ride out the next lockdown in more comfortable digs in, hopefully, a peaceful city.