225 Rector Place - Building

Buy

225 Rector Place - Building

For Sale

225 Rector Place - Building

225 Rector Place, New York, NY 10280

$6,500,000

0 BEDROOMS
34,776 Sq.Ft.

Property Description

SERHANT. has been exclusively retained to represent the parking garage at 225 Rector Place for sale.

A rare, income-generating asset in the heart of Battery Park City, this 149-space parking garage offers a turnkey opportunity to acquire a fully leased, institutional-quality investment in one of Manhattan’s most affluent and demand-stable neighborhoods. Located at the base of a 23-story luxury condominium, the garage spans nearly 28,000 square feet and boasts dual frontage along South End Avenue and Rector Place—ensuring optimal visibility and access.

Currently leased to Hertz (65 spaces) and CenterPark (84 spaces), the garage delivers consistent cash flow under a modified gross lease structure, with tenants covering pro-rata real estate taxes and common area maintenance over a base year. Investors benefit from both in-place income and future upside potential through lease optimization or operational restructuring.

Surrounded by residential towers, Brookfield Place, the World Trade Center, and the Hudson River waterfront, 225 Rector Place sits at the nexus of one of Lower Manhattan’s most active and high-demand corridors. Its proximity to major transit options, including subways, PATH, ferry terminals, and arterial highways, reinforces the garage’s utility in a tightly zoned, parking-constrained environment.

For investors seeking a low-maintenance, long-term yield in a premier submarket, 225 Rector Place offers exceptional fundamentals and enduring value.

SERHANT. has been exclusively retained to represent the parking garage at 225 Rector Place for sale.

A rare, income-generating asset in the heart of Battery Park City, this 149-space parking garage offers a turnkey opportunity to acquire a fully leased, institutional-quality investment in one of Manhattan’s most affluent and demand-stable neighborhoods. Located at the base of a 23-story luxury condominium, the garage spans nearly 28,000 square feet and boasts dual frontage along South End Avenue and Rector Place—ensuring optimal visibility and access.

Currently leased to Hertz (65 spaces) and CenterPark (84 spaces), the garage delivers consistent cash flow under a modified gross lease structure, with tenants covering pro-rata real estate taxes and common area maintenance over a base year.

Overview

Property Type

Commercial

Location

225 Rector Place, New York, NY 10280

Listing Last Updated

6/18/2025 12:39 PM

Property Features & Amenities

Interior

Exterior

Stories

23

Details

Neighborhood

Battery Park City

Financial

Price

$6,500,000

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Exclusive Listing Agents

Bernadette Brennan

Licensed Associate Real Estate Broker | Executive Director | SERHANT. Commercial NYC

(917) 482-5959 bernadette@serhant.com

Issy Leiter

Licensed Real Estate Salesperson

(646) 479-5186 issy@serhant.com

SERHANT. Lifestyle Index

Amplifying our listings by providing geo-targeted data insights that matter most.

culture
culinary
transportation
character

culture

parks
exceptionally large amount of park space within a few minutes’ travel
shopping
exceptional variety of shops within a few minutes’ travel
nightlife
exceptional variety of bars right within a few minutes’ travel

culinary

restaurants
exceptional variety of restaurants within a few minutes’ travel
cafes
exceptional variety of cafés within a few minutes’ travel
groceries
at least one supermarket within a 5-minute travel

transportation

pedestrian friendly
all day-to-day needs are within a few minutes' travel
cycling friendly
suitable for bicycle commuting and/or recreational cycling
transit friendly
near a wide variety of rapid transit and/or frequent bus lines
car friendly
arteries nearby, but traffic congestion and parking problems are possible

character

quiet
many sources of noise nearby
greenery
many trees and a large amount of nearby park space
historic
some historical buildings nearby
vibrant
exceptionally vibrant atmosphere at all hours

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The Neighborhood

Battery Park City

A secluded residential enclave nestled on the Hudson River, Battery Park City is the tranquil counterpoint to the noise and bustle of the adjacent Financial District.

Mortgage Calculator

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$43,356 Your Payment

Principal and Interest $38,156 (88%)
Property Taxes $5,200 (12%)
Common Charges or HOA $0 (0%)

Get In Touch

Bernadette Brennan

Licensed Associate Real Estate Broker | Executive Director | SERHANT. Commercial NYC

(917) 482-5959

bernadette@serhant.com

Issy Leiter

Licensed Real Estate Salesperson

(646) 479-5186

issy@serhant.com

Middle Name

Please enter a valid email.

By providing SERHANT. your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

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