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Parking garage in Manhattan's Tribeca trades in advance of residential conversion

Alchemy Properties and partners plan to create high-end apartments
The parking garage has approvals for two added floors and plans for conversion to 30 luxury apartments. (CoStar)
The parking garage has approvals for two added floors and plans for conversion to 30 luxury apartments. (CoStar)
By Justin Hubbard
CoStar Research
May 29, 2026 | 6:00 P.M.

A private investor has sold a five-story parking garage in New York's Tribeca neighborhood for $57 million to a joint venture that plans to expand and transform it into 30 ultra-luxury condominium apartments.

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