‘Valet parking condominium’ offers drivers white-glove service starting at $185,000
New York City is known for its cutthroat housing market but less attention is given to the even more brutal world parking in NYC. As development increases, fewer parking spots exist. Not only do developments fill neighborhoods with more people and, therefore, more demand for parking, it often reduces parking by developing surface lots that had previously been used for parking. It’s the classic problem of increasing demand and decreasing supply. But while plenty of apps have been developed to bring relief through on-demand valet or the crowd-sourcing of vacant street parking, other companies see a more substantial solution that not only adds parking but adds value. Enter The Parking Club—and its six-figure parking spaces.
