Crumbling UWS Garage Building Sold for $10.5 Million

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A real estate developer has purchased a commercial building previously home to a garage that in 2023 was ordered closed by the Department of Buildings (DOB) for unsafe conditions.

While Lvovskiy’s plans for the site weren’t stated–we’ve reached out to him for comment–a listing brochure for the commercial property states that it “allow[s] for ~20,000 buildable SF for several uses including mixed-use, residential condominiums, or single-use occupancies.”

“The property’s mixed-use zoning and considerable size—approximately 20,000 buildable square feet—made it an attractive opportunity for developers seeking to capitalize on the area’s limited supply of available sites,” said listing agent Andreas Efthymiou, according to ConnectCRE.

In November 2023, the parking garage was abruptly shut down by the city for conditions it deemed “imminently perilous to life.” One customer noted that “[the garage] did not notify their customers until an hour or so before they were forced to close,” adding that there were “something like 80 cars stuck inside.”

According to Metro-Photo, the building was originally constructed in 1906 “to serve as a new car showroom and service garage.”

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