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Property Description
Serhant LLC has been exclusively retained to market the parking garage at 225 Rector Place, a fully-leased, 149-space facility located in the heart of Battery Park City.
Situated at the base of a 23-story luxury condominium, this garage benefits from dual frontage along South End Avenue and Rector Place, offering seamless access in a highly trafficked residential corridor. The property is currently leased to two operators: Hertz and CenterPark, providing immediate, reliable income from established tenants.
Located within one of Manhattan’s most stable and high-demand submarkets, 225 Rector Place is surrounded by dense residential towers, major office hubs like Brookfield Place, and cultural landmarks including the World Trade Center and the Hudson River waterfront. This consistent demand base supports long-term parking needs and positions the asset as a secure, income-generating investment.
This offering presents an opportunity to own a rare, institutional-quality parking asset in a premier location, with durable cash flow and strong fundamentals in place.
Overview
Property Type
Commercial
Location
225 Rector Place, New York, NY 10280
Listing Last Updated
Property Features & Amenities
Interior
Exterior
Stories
23
Details
Neighborhood
Battery Park City
Financial
Price
$6,500,000
Exclusive Listing Agents
Bernadette Brennan
Licensed Associate Real Estate Broker | Executive Director | SERHANT. Commercial NYC
(917) 482-5959 bernadette@serhant.com