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By: Serach Nissim
The luxury condo tower at 150 Charles St. is offering to sell residents parking for a shocking $500,000 price tag. As reported by the NY Post, the 15-story celebrity-filled condo building developed by Witkoff and located in Manhattan’s posh West Village, is selling out of the high-priced underground parking spots. The spots are going fast, a spokesperson told the Post. The half-mill tab might not be as big an investment for owners who already spent up to $35 million for a penthouse. “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,” said Alex Witkoff, co-CEO of the development firm.
Witkoff Group, founded in 1997 by co-CEO Steven Witkoff, is a seasoned development firm with an impressive and diverse portfolio of some 70 properties including hotels, residential properties, commercial buildings, and operating businesses across New York, Florida, and California. Well-known projects include One Highline, which features 236 luxury residences and a flagship 120-room Faena New York hotel in Manhattan’s West Chelsea neighborhood.
The 26- and 36-story towers, at Eleventh Avenue and West 17th Street, are popularly known as “The Twists” because of the way architect Bjarke Ingels set them to cross one another. Witkoff is also known for the partial conversion project of the Woolworth Building into apartment units. Other developments include 700 North Miami Avenue, a 3-tower mixed use and residential hub; the historic Shore Club in Miami Beach; and The Park Santa Monica.
The full-service condo tower at 150 Charles St., built in 2013, offers 91 individually designed residences. Celebrity residents at posh the building include actor Ben Stiller, singer Jon Bon Jovi, and supermodel Irina Shayk. The building offers floor-to-ceiling windows showing off spectacular views of the Hudson River, Hudson River Park, the Freedom Tower and the iconic Manhattan skyline. A four-bedroom, five-bathroom unit on the 14th floor of the tower, boasting 3395 square feet of space, is currently listed asking just under $20 million.
Residents have access to an array of world-class amenities including a hotel concierge service, a professional spa with a 75-foot pool, a fitness center, yoga studio, whirlpool, plunge pool, steam room, dry sauna, massage rooms, children’s playroom and event room with kitchen, per the building’s website. The tower also offers residents over 40,000 square feet of lushly landscaped private outdoor green space. Covered indoor parking is also listed as an amenity, but it doesn’t come free.
The underground garage was completed in 2015 with the rest of the building. All 91 units at the building have been sold by the developer. There are 92 parking spaces at 150 Charles, and they were previously being rented out.
Per the Post, charging so much for parking spaces is not unprecedented. Some ten years ago, a posh 10-unit condo building at 42 Crosby St. In SoHo, made the news for having offered its parking spots for $1 million.
