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Cushman & Wakefield Exclusively Marketing Three Automated Parking Garages Totaling 43,000 SF for Sale

Jayden Lapin-Tatman • 6/8/2023

New York, NY – Cushman & Wakefield announced today that the real estate services firm has been secured on an exclusive basis to market three automated parking garages spanning 43,000 square feet for sale. The properties are located at 148 East 24th Street and 123 Baxter Street in Manhattan, as well as 502 Waverly Avenue in Brooklyn.

Cushman & Wakefield’s Hunter Moss, John Ciraulo, Craig Waggner, Robert Burton, Bobby Carrozzo, Michael Gembecki and Dan O’Brien will be leading the marketing efforts on behalf of the seller.

“These state-of-the-art automated garages are an extremely rare asset class in New York City,” said Moss. “This portfolio offers investors the unique opportunity to acquire a self-sustaining business with established fixed expenses and a demonstrated track record of high demand.”

The portfolio totals 164 parking spaces, with 148 East 24th Street consisting of 61 parking spaces, 123 Baxter Street consisting of 67 parking spaces and 502 Waverly Avenues consisting of 34 parking spaces. The parking garages use AutoMotion Parking Systems, LLC technology, which eliminates labor costs, vehicle damages and protects from vandalism and theft. The properties feature EV charging capabilities and are environmentally friendly.

Photos of the properties can be downloaded here.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit

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