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    228 55Th St Brooklyn, NY 11220

    Sponsored
    For Sale
    $60,000

    Prime Brooklyn parking spot, low common charges.

    Property size:
    153 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a single parking space for sale at 228 55th Street, P1, in the Kings (Brooklyn) County, New York, 11220 zip code. Located at 40.6456975 latitude and -74.0193137 longitude, this special purpose property offers 153 square feet of space situated on a 4,157 square foot lot. The asking price is $60,000. The property is categorized as commercial and garage/parking. The unit count is one. Note that the ceiling height is listed as "Other," and further details on this aspect would need to be obtained directly. Monthly common charges are $43.21. This presents a unique chance to acquire a valuable asset in a desirable Brooklyn location. The property's compact size and strategic location make it an ideal investment for individuals seeking a stable, low-maintenance income stream or a convenient parking solution. Serious inquiries are encouraged to explore this opportunity further. Further details regarding the property's specifics are available upon request.

    Property Features for 228 55Th St

    General Information

    Property type
    Automotive properties
    Square Feet
    153 SF

    Building Details

    Units
    1

    HighLights

    • $60,000 asking price for a special purpose property.
    • 153 square foot building on a 4,157 square foot lot.
    • Located at 228 55th Street P1, Brooklyn, NY 11220.
    • One parking space included.
    • Monthly common charges are $43.21.
    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, low common charges.
    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: $60,000 asking price for a special purpose property.; 153 square foot building on a 4,157 square foot lot.; Located at 228 55th Street P1, Brooklyn, NY 11220.
    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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