Witkoff emphasized the West Village's acute parking shortage, stating, 'The West Village has a huge parking shortage which will continue to get worse with time, with many locations lacking garages and many buildings converting garages to condos. We offer savvy buyers a rare opportunity to own a parking spot in prime West Village.' This sentiment reflects the pressing need for adequate parking solutions in the area, especially as real estate reconfigurations threaten existing spaces.
Despite the exorbitant price tag of $500,000 for a parking berth, spokesperson comments indicate a swift uptake, noting, 'They're going fast... the half-mill tab might not be a heavy lift for owners who have spent up to $35 million for a penthouse.' This underscores the demand driven by affluent owners prioritizing convenience and access in a notoriously tight parking market.
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