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    228 55Th St Brooklyn, NY 11220

    Sponsored
    For Sale
    $60,000

    Own Your Parking Spot in NYC

    Property size:
    153 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional investment opportunity presents a unique chance to acquire a 153-square-foot commercial parking space located at 228 55th Street, P5, in the vibrant Brooklyn, New York neighborhood (zip code 11220). Situated on a sizable 4,157-square-foot lot, this single-unit property is classified as special purpose and offers a convenient and secure parking solution. The asking price is $60,000. The property's ceiling height is noted as "other," requiring further inquiry for specific dimensions. This is an ideal investment for individuals or businesses seeking a secure parking space in a high-demand area. The property is conveniently located in Kings County (Brooklyn), New York, offering easy access to local amenities and transportation. Monthly common charges are $43.21. This turnkey investment requires minimal management and offers a potentially strong return on investment. The property's precise location within the larger lot is not specified, but the address and unit number provide clear identification. Serious inquiries are encouraged to explore this rare opportunity to own a parking space in a desirable Brooklyn location. Further details regarding the property's specific features and potential uses are available upon request.

    Property Features for 228 55Th St

    General Information

    Property type
    Automotive properties
    Square Feet
    153 SF

    Building Details

    Units
    1
    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 - Own Your Parking Spot in NYC
    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.
    Request Owner's contact information
    228 55Th St Brooklyn, NY 11220
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    228 55Th St
    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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