225 Rector Place presents a rare opportunity to acquire a fully-leased parking garage in the heart of Battery Park City—one of Manhattan’s most affluent and high-demand residential neighborhoods. This 149-space facility is positioned at the base of a 23-story luxury condominium and benefits from consistent usage by surrounding residents, professionals, and nearby commercial traffic.
Investment Opportunity: This garage offers secure, diversified income through existing leases with two established parking operators. With strong in-place cash flow and an irreplaceable location in a high-barrier-to-entry market, the asset is well-positioned for long-term value appreciation. The surrounding neighborhood—characterized by residential density, limited competition, and constant parking demand—creates a reliable foundation for sustained performance.
Prime Location & Demand Drivers: Located steps from Brookfield Place, the World Trade Center, and the Hudson River waterfront, 225 Rector Place is surrounded by world-class office space, dining, retail, and luxury residential developments. This concentration of activity drives continuous demand for parking—making this garage an essential utility within a thriving urban environment.
Turnkey Operation with Growth Potential: Fully leased and operational, this asset offers immediate income with potential for future upside through operational efficiencies or restructured leases. Its strategic location and stable occupancy make it an ideal acquisition for investors seeking a low-maintenance, income-generating asset in a core Manhattan submarket.
With its premium location, full occupancy, and long-term neighborhood fundamentals, 225 Rector Place represents a rare opportunity to acquire a high-performing parking investment in one of New York City’s most established and desirable districts.