75 2 PlNew York, NY 10004
- Retail properties
- 35,352 SF
Property Details for 75 2 Pl
- Property size (Sq ft)
- 35,352 SF
- Property type
- Retail properties
- Property subtype
- Other specialty properties
Description
This exceptional investment opportunity presents a substantial 35,352-square-foot parking garage located in Battery Park City, Lower Manhattan, New York City. Priced at $8,000,000 ($226.30/sq ft), this property boasts 100 permitted parking spaces, currently leased and generating significant annual income of $636,540. The existing lease agreement is cancellable by a new owner, offering flexibility for future operations. The garage enjoys a high occupancy rate, with approximately 90-95 monthly parkers and 20-30 daily parkers, reflecting the strong demand for parking in this supply-constrained neighborhood. This represents one of the largest garages in the area, making it a rare and valuable asset in a location with limited off-street and on-street parking options. The property is situated at 75 2nd Pl, New York, NY 10004. This is a unique chance to acquire a high-performing, income-producing asset in a prime Lower Manhattan location. The property's size and location make it an ideal investment for those seeking exposure to the lucrative New York City real estate market. The current lease provides immediate cash flow, while the cancellable clause allows for future operational adjustments to maximize profitability.
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7066
- Longitude
- -74.017
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].