Freidus of Andover Realty brokers $22 million sale of 40,500 s/f Manhattan parking facility

For the second time, Steve Freidus, president of Andover Realty, Inc., has brokered the sale of the Avis parking facility at 234 East 54th St. He generated a price of $22 million. It is believed to be one of the highest prices paid by a user or private investor for a free-standing multi-story parking garage in the area. Several years ago, Freidus brokered the sale of the same Avis property on behalf of the Tisch family and Charles Benenson. The price was $12.2 million. The 40,500 s/f facility is one of the largest garages that has been sold since the year 2000. In addition to brokering the Avis property for an aggregate consideration of $35 million, Freidus has also negotiated the sale of the garage at 161 West 132nd St. for $5.2 million and 439 East 77th St. for $12.3 million. Andover Realty has brokered 1 million s/f of parking facilities in the New York metro area.