250 Albany St - Apartments CONDO FOR SALE


New York, NY 10280- Battery Park
$6,500,000 USD
646-480-7665
250 Albany St, New York, NY for Sale
$6,500,000 USD
Apartments CONDO - FOR SALE
1/23
null | Request Cap Rate

NEW


250 Albany St
New York, NY 10280
Battery Park


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

23%

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

251,430 SF

STORIES

23

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

114

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,776 SF

ZONING

BPC

APN/PARCEL ID

0016-3208,0016-3308,0016-3347,0016-3361,0016-3362,0016-3391,0016-3505,0016-7515

ASK ABOUT THIS PROPERTY

646-480-7665

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646-480-7665

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