Question: Will The Carlyle have a door man?
Answer: Yes. A door man will be present and will assist residents with loading and unloading their automobiles.
Question: Will The Carlyle have a drop off point on 4th Avenue?
Answer: Yes. The drop off point will be located directly in front of the 4th Avenue entrance.
Question: Will The Carlyle have a valet service?
Answer: Yes
Question: How does a parking license work?
Answer: A parking license is a prepaid right to use a parking space in a particular garage, for a particular
period of time. The cost of the parking license will be appraised as part of your condominium
and will be rolled into your mortgage.
Question: Is a parking license transferable?
Answer: Yes. The parking license is transferable to whomever you sell your condominium.
Question: When is the payment for the parking license due?
Answer: The payment is due at Closing.
Question: Do I have "In and Out" privileges with my parking license?
Answer: Yes.
Question: What does "tax deductible" parking mean?
Answer: Since the cost of the parking license is rolled into your mortgage, and is considered a part of
your condominium, your entire mortgage payment, including the parking license portion, is tax
deductible. For example, if a 5-year parking license is purchased for $10,000.00 and you are in
a 35% tax bracket, your after tax cost of parking is $108.33 per month.
Question: How does a parking license affect my condo fees?
Answer: By avoiding the construction of a garage, The Carlyle also avoids the cost of maintaining the
garage. This brings down the condo fees and keeps them down. It also drives the value of your
condo upward.
Question: How does a parking license affect the cost of my condominium?
Answer: Just as above, eliminating the need to build a garage dramatically decreases the overall cost of
the condominium by between $50-100 per sq. ft. ($75,000 - $150,000 on a 1500 sq. ft.
condominium. This decrease in cost creates an unparalleled investment advantage.
Question: How does Gateway condominium handle parking?
Answer: Each resident pays a monthly parking fee.
Question: How does 151 handle their parking?
Answer: One parking space is included with every unit.
Question: Is a parking license unique to the city of Pittsburgh?
Answer: No. Parking licenses are found in most large metropolitan areas such as New York and Boston. |