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    228 55Th St Brooklyn, NY 11220

    Sponsored
    For Sale
    $60,000

    Prime Brooklyn Parking Spot - $60k

    Property size:
    198 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a single parking space located at 228 55th Street, P6, in the vibrant Brooklyn, New York neighborhood (zip code 11220). The space, measuring 198 square feet, is situated on a sizable 4,157 square foot lot and is classified as a special purpose commercial property. Ideal for individual use or as a lucrative rental investment, this parking space offers a straightforward and potentially high-return investment. The property is conveniently located in Kings County (Brooklyn), New York, offering easy access to local businesses and transportation. The asking price is $60,000. Note that there is a monthly common charge of $43.21 associated with the property. The ceiling height is noted as "Other," and further details on this specification would need to be obtained directly. This is a unique opportunity to acquire a valuable asset in a high-demand area. Serious inquiries are encouraged to explore this promising investment prospect further. The property is categorized as Commercial, Garage/Parking, and Other. This single-unit property offers a simple and potentially profitable investment opportunity in a thriving Brooklyn location.

    Property Features for 228 55Th St

    General Information

    Property type
    Automotive properties
    Square Feet
    198 SF

    Building Details

    Units
    1

    HighLights

    • Prime Brooklyn investment opportunity: 198 sq ft parking space at 228 55th Street, P6, Brooklyn, NY 11220.
    • $60,000 asking price with $43.21 monthly common charges.
    • Located on a 4,157 sq ft lot in a high‑demand area.
    • Ideal for individual use or rental income.
    • Classified as Commercial, Garage/Parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -74.0193137
    Latitude
    40.6456975

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    FAQs

    What type of property is this?
    Automotive property - Prime Brooklyn Parking Spot - $60k
    Where is this automotive property located?
    The property is located at 228 55Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Prime Brooklyn investment opportunity: 198 sq ft parking space at 228 55th Street, P6, Brooklyn, NY 11220.; $60,000 asking price with $43.21 monthly common charges.; Located on a 4,157 sq ft lot in a high-demand area.
    Request Owner's contact information
    228 55Th St Brooklyn, NY 11220
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    Brooklyn, NY 11220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    228 55Th St Brooklyn, NY 11220
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