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Property profile & analytics

228 55Th St Brooklyn, NY 11220

  • Retail residential properties
  • 15,317 SF
  • 0.10 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US63-3827254
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail residential properties

Property Details for 228 55Th St

Year built
2021
Lot size
0.10 lot acres
Property size
15,317 SF
Zone code
R6B
Property type
Retail residential properties
APN
00829-0016
APU
8290016

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-74.0192
Latitude
40.6456
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$90,421
$161,100
$814,050
$975,150
-
$358,000
$1,809,000
$2,167,000
More about this property
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