Building

300-Car Capacity Parking Garage 100% Leased Through 2026

UPLAND PROPERTY ADVISORS, as exclusive agent, is pleased to offer for sale the parking garage condominium unit at 866 United Nations Plaza, New York, NY (the “Property”). The 41,482 square foot facility enjoys a truly irreplaceable location immediately adjacent to the United Nations Headquarters complex, establishing 866 UN Plaza as the single most convenient parking garage in the district. Captive recession-proof demand for parking at the Property is generated by United Nations staff, area residents, tourists, and diplomats, including those living and working in Class A mixed-use tower above the garage. The Property is fully leased through 2026 by credit tenant ABM Industries (NYSE Ticker ABM), a publicly-traded Facilities Solutions company with a market capitalization in excess of $2.5 billion and 2019 revenues of $6.5 billion.

Key Facts

  • — Full-Property Credit Tenant
    100% leased to ABM Industries through September 30, 2026, with full corporate guarantee of the lease.
  • — Multiple Development Strategies
    Flexibility to pursue a variety of redevelopment strategies, including renovation of the existing four-story structure, the addition of floors above the building, or new construction of a commercial or mixed-use development.