Adverse-possession cases typically involve small-potatoes disputes about property lines near driveways and back yards. To have one on Fifth Avenue? “It’s a thrilling case,” the attorney Adam Leitman Bailey says.
The island of Manhattan is made up of about six hundred and forty million square feet, most of them accounted for. Disputes inevitably arise. Take a recent battle between two luxury high-rises on Fifth Avenue, at Seventy-ninth Street, across from Central Park, over a dingy rectangular space, thirteen by twenty-seven feet of chipped concrete and mismatched brick—what looks, to the untrained eye, like a disused ditch.
The Pit, being a pit, does not hold a lot of obvious appeal. But the owner of the north-side property, who happens to be Eliot Spitzer, the former governor of New York, has plans to replace the current high-rise rental building with an even more luxurious condo development, operating under the assumption that he could use the entire footprint, Pit included. Losing the Pit might mean costly delays or amendments to the project plan.
The nearest Manhattan Mini Storage , however, is more than fifteen blocks and six avenues away. The south-siders might consider an on-site solution. A three-bedroom apartment on the fifth floor is available for $5.3 million. At least some of the equipment could probably be squeezed into the unit’s staff room and its in-building storage unit .
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