Subterranean/automatic parking

subterranean

Affluent homeowners often have a lot of cars, and many of them are building subterranean garages to park their treasures.

In cities like New York, Brett Forman, managing director and associate broker from Dolly Lenz Real Estate, said automatic parking has become more standard in buildings. "The homeowner pulls in the car, gets out, types in a code and the car is automatically moved to its designated parking space."

First published November 7, 2014: 1:20 PM ET