Wanted: Garage Parking

There are occasions when the current inventory on the market (be that a condo or a parking space) has been reviewed, and nothing is exactly “right”, and that is when, in the past, we have reached out to our significant reader base to inquire if there is something out there that is not yet on the market, but the current owner would be interested in selling.

Currently, we have clients who are seeking a garage parking space for a high-end automobile. The available parking spaces across the city come up short in some aspect.  What we are looking for is the following:

  • Garage parking
  • Non valet service (i.e. owner must park their own car)
  • A corner spot or a situation that significantly limits the exposure the automobile would have to surrounding vehicles
  • Low HOA fee
  • Garage must be located in Boston proper

Should you, or someone you know, have a parking space that specifically meets the above-mentioned criteria, and would be interested in pursuing an expedited cash sale, please reach out to us using the contact us link at the top of this page – we will get back to you promptly with more information and a request for photos of the parking space.

New Parking Spots for Sale

A handful of deeded parking spots have come available for sale over the past week, including two spots in the South End, one at Wilkes Passage and another at Gateway Terrace. Additionally, rare parking spaces have come available at Tremont on the Common, complementing the existing (rather small) inventory of deeded spaces in downtown Boston – for more details, see our Boston parking spaces page for information on currently available spaces or to contact us to list your existing space for sale.

Boston Parking Spots with No Fees

A surprise that Bostonians face when purchasing a parking space in the city is that there are oftentimes monthly fees associated with a spot – an HOA condo fee if you will. In addition to monthly fees, property taxes are sometimes due on a parking space as well (somewhat of a nominal yearly sum, but a sum nonetheless). Can you not simply own something free and clear? What’s the purpose in “owning” something if you have to pay a monthly “rent”?

Oftentimes, the monthly fees for a downtown Boston parking space are understandable, perhaps it’s an all valet garage, or there is a significant level of security in the building that you are paying for. Parking spots off of Commonwealth Avenue in alleys have snow removal services for instance. However, every now and then parking spaces come available that involve no fees whatsoever, an opportunity to own a piece of Boston free and clear.

That is the opportunity that is available at the Midtown Ritz Carlton towers, where two self-park garage parking spaces, with no monthly fees or real estate taxes, are currently available. See our Boston parking spaces page for more information on these two parking spaces, and all other  spots available downtown.

Boston Parking Spaces at Somerset Garage

Over the past 12 months, there have been two Boston parking spaces for sale at 425 Newbury Street, otherwise known as the Somerset Garage. In late April, spot 171 went Under Agreement (it had a list price of $59,500 and an HOA fee of $63), and in late September of 2007, spot 190 sold for $63,000 (it had an original list price of $75,000 and an HOA fee of $69).

We currently have a Buyer who is interested in purchasing a parking spot at the Somerset Garage. If you, or someone you know, is considering the sale of a spot at the Somerset, please contact us.

Ritz Carlton Garage Parking Spaces

If you are in search of a Midtown parking spot, or are a resident of the Ritz Carlton towers, you may be interested to know that two deeded garage parking spaces have recently come available. For more information about these two new spots, see our Boston parking spaces page.

For an up to date view of available condos for sale in the Ritz Carlton Boston, contact us using the link at the top of this page.

Also recently available is a garage parking space at 168 Camden Street in the South End / Roxbury area for $29,000, located adjacent to Carter Park.

Buy and Sell Boston Parking Spaces

Tired of renting a parking space in the city? A deeded parking spot may be just what you need. We recently created a new page here on the Boston Condo Blog that features deeded parking spots for sale: Boston Parking Spaces.

If you are interested in the purchase of one of the currently available resale parking spaces, or, if you are interested in leveraging the power of exposure on the Boston Condo Blog to list your deeded parking space for sale, please contact us.