215 Greenpoint AveBrooklyn, NY 11222

Property Details for 215 Greenpoint Ave

Lot size

0.15 AC

Zone code

M1-1

Property type

Auto shops

APN

02560-0046

APU

25600046

Description

This exceptional commercial and industrial land parcel, located at 215 Greenpoint Avenue in Brooklyn, NY 11222, presents a unique investment opportunity. The property consists of a sizable 0-acre lot measuring 200 feet by 70 feet, providing ample space for parking. Its strategic location at the intersection of Newel Street and Greenpoint Avenue ensures high visibility and convenient access. The lot is fully gated and features paved surfaces for ease of use and maneuverability. Security is enhanced by a secure pin code access system, offering 24/7 access for tenants. The property is ideally suited for both personal and business parking needs, with capacity for over 20 vehicles. Flexible lease terms are available, allowing for adaptable parking strategies to meet individual requirements. This property offers a competitive rate and represents a significant opportunity to secure a prime parking location in the thriving Greenpoint neighborhood. The lot's size and features make it an attractive investment for those seeking a secure and accessible parking solution in a high-demand area. This is a rare opportunity to acquire a well-situated parking lot in a rapidly developing section of Brooklyn.

• CAP approach

  CAP return

  Valuation

  6%

  $1,629,549

  6.5%

  $1,504,199

  7%

  $1,396,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,207,710

  Geo Method

  $2,207,710

• Alternative Use

  Use

  Valuation

  Residential

  $1,268,848

  Hospitality

  $1,162,258

  Educational

  $966,985

  Medical

  $1,000,241

  Retail

  $1,504,199

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7308

Longitude

-73.9507

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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