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    228 55Th St Brooklyn, NY 11220

    For Sale
    $60,000

    Own Your Parking Spot in NYC

    Property size:
    153 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a unique chance to acquire a 153-square-foot parking space located at 228 55th Street, P4, in the vibrant Brooklyn neighborhood of Kings County, New York, 11220. The property, classified as special purpose commercial real estate, offers a single parking unit situated on a sizable 4,157-square-foot lot. The asking price is $60,000. This is an ideal investment for individuals or entities seeking a secure and stable income stream from a high-demand asset in a densely populated urban area. The space is conveniently located, offering easy access to local businesses and transportation. While the ceiling height is listed as "other," the property's functionality as a parking space remains unaffected. The monthly common charge is $43.21. This turnkey investment requires minimal management and offers a straightforward path to ownership of a valuable asset in a rapidly growing market. The property's location at 40.6456975 latitude and -74.0193137 longitude provides easy access to various points of interest within Brooklyn. This is a rare opportunity to acquire a parking space in a highly sought-after location. Serious inquiries are encouraged.

    Property Features for 228 55Th St

    General Information

    Property type
    Automotive properties
    Square Feet
    153 SF

    Building Details

    Units
    1

    HighLights

    • 153‑square‑foot parking space at 228 55th Street, P4, Brooklyn, NY 11220.
    • Asking price: $60,000.
    • Located on a 4,157‑square‑foot lot.
    • Monthly common charge: $43.21.
    • Turnkey investment with minimal management.
    Property Profile Insight Report 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.
    What are key features of this property?
    This property features: 153-square-foot parking space at 228 55th Street, P4, Brooklyn, NY 11220.; Asking price: $60,000.; Located on a 4,157-square-foot lot.
    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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