-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 Q+hZEQUa9mH33gnYmtNPmw==

<SEC-DOCUMENT>0001209191-08-048401.txt : 20080820
<SEC-HEADER>0001209191-08-048401.hdr.sgml : 20080820
<ACCEPTANCE-DATETIME>20080820160814
ACCESSION NUMBER:		0001209191-08-048401
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080818
FILED AS OF DATE:		20080820
DATE AS OF CHANGE:		20080820

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAREY W P & CO LLC
		CENTRAL INDEX KEY:			0001025378
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		IRS NUMBER:				133912578
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		50 ROCKEFELLER PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020
		BUSINESS PHONE:		2124921100

	MAIL ADDRESS:	
		STREET 1:		50 ROCKEFELLER PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAREY DIVERSIFIED LLC
		DATE OF NAME CHANGE:	19971017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAREY DIVERSIFIED PROPERTIES LLC
		DATE OF NAME CHANGE:	19961017

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GRISWOLD BENJAMIN H IV
		CENTRAL INDEX KEY:			0001216315

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13779
		FILM NUMBER:		081030176

	BUSINESS ADDRESS:	
		STREET 1:		701 EAST JOPPA RD
		CITY:			TOWSON
		STATE:			MD
		ZIP:			21286
		BUSINESS PHONE:		4107163900
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-08-18</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001025378</issuerCik>
        <issuerName>CAREY W P &amp; CO LLC</issuerName>
        <issuerTradingSymbol>WPC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001216315</rptOwnerCik>
            <rptOwnerName>GRISWOLD BENJAMIN H IV</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>BROWN ADVISORY</rptOwnerStreet1>
            <rptOwnerStreet2>901 S. BOND ST., SUITE 400</rptOwnerStreet2>
            <rptOwnerCity>BALTIMORE</rptOwnerCity>
            <rptOwnerState>MD</rptOwnerState>
            <rptOwnerZipCode>21231</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-08-18</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>7274</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>30.7012</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>32158</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-08-18</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>7274</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>30.7012</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>41238</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Acquired by Benjamin H. Griswold, III Marital Trust for the Benefit of Leith S. Griswold</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-08-18</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>3636</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>30.7012</value>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>44874</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Acquired by Benjamin H. Griswold, III Grandchildren's Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-08-18</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>516</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>30.7012</value>
                    <footnoteId id="F5"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>45390</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Acquired by Benjamin H. Griswold, IV's wife</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Reflects the weighted average purchase price with the range of price paid from $30.50 to $31.00.  The full information regarding the number of shares purchased at each separate price is as follows:

Benjamin H. Griswold, IV:
 117 	$30.9100	,
 272 	$30.9500	,
 235 	$30.9700	,
 39 	$30.9900	,
 778 	$31.0000	,
 1,167 	$30.5000	,
 115 	$30.9800	,
 233 	$30.8300	,
 156 	$30.8500	,
 389 	$30.7500	,
 272 	$30.5900	,
 78 	$30.5800	,
 233 	$30.6400	,
 1,984 	$30.6500	,
 78 	$30.6100	,
 83 	$30.6800	,
 111 	$30.6900	,
 194 	$30.6300	,
 156 	$30.5300	,
 39 	$30.5500	,
 156 	$30.5900	,
 389 	$30.6000	,</footnote>
        <footnote id="F2">Reflects the weighted average purchase price with the range of price paid from $30.50 to $31.00.  The full information regarding the number of shares purchased at each separate price is as follows:

Benjamin H. Griswold, III Marital Trust
 117 	$30.9100	,
 272 	$30.9500	,
 235 	$30.9700	,
 39 	$30.9900	,
 778 	$31.0000	,
 1,167 	$30.5000	,
 115 	$30.9800	,
 233 	$30.8300	,
 156 	$30.8500	,
 389 	$30.7500	,
 272 	$30.5900	,
 78 	$30.5800	,
 233 	$30.6400	,
 1,984 	$30.6500	,
 78 	$30.6100	,
 83 	$30.6800	,
 111 	$30.6900	,
 194 	$30.6300	,
 156 	$30.5300	,
 39 	$30.5500	,
 156 	$30.5900	,
 389 	$30.6000	,</footnote>
        <footnote id="F3">The Reporting Person's indirect share balance includes the following holdings: Benjamin H. Griswold, III Marital Trust for the Benefit of Leith S. Griswold - 29,111 Benjamin H. Griswold, III Grandchildren's Trust - 14,555 Benjamin H. Griswold, IV's wife - 1,724</footnote>
        <footnote id="F4">Reflects the weighted average purchase price with the range of price paid from $30.50 to $31.00.  The full information regarding the number of shares purchased at each separate price is as follows:

 Benjamin H. Griswold, III 1982 Grandchildren's Trust
 58 	$30.9100	,
 136 	$30.9500	,
 118 	$30.9700	,
 19 	$30.9900	,
 389 	$31.0000	,
 583 	$30.5000	,
 57 	$30.9800	,
 117 	$30.8300	,
 78 	$30.8500	,
 194 	$30.7500	,
 136 	$30.5900	,
 39 	$30.5800	,
 117 	$30.6400	,
 992 	$30.6500	,
 39 	$30.6100	,
 42 	$30.6800	,
 56 	$30.6900	,
 97 	$30.6300	,
 78 	$30.5300	,
 19 	$30.5500	,
 78 	$30.5900	,
 194 	$30.6000	,</footnote>
        <footnote id="F5">Reflects the weighted average purchase price with the range of price paid from $30.50 to $31.00.  The full information regarding the number of shares purchased at each separate price is as follows:

Wendy G. Griswold:
 8 	$30.9100	,
 19 	$30.9500	,
 17 	$30.9700	,
 3 	$30.9900	,
 55 	$31.0000	,
 83 	$30.5000	,
 8 	$30.9800	,
 16 	$30.8300	,
 11 	$30.8500	,
 28 	$30.7500	,
 19 	$30.5900	,
 5 	$30.5800	,
 16 	$30.6400	,
 141 	$30.6500	,
 6 	$30.6100	,
 6 	$30.6800	,
 8 	$30.6900	,
 14 	$30.6300	,
 11 	$30.5300	,
 3 	$30.5500	,
 11 	$30.5900	,
 28 	$30.6000	,</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Benjamin H. Griswold, IV</signatureName>
        <signatureDate>2008-08-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----