Parking Garage Valuation

I am trying to determine the value of a parking garage in NYC that is below a property I have been asked to underwrite a loan on. I was wondering if anyone was familiar with key parking garage metrics as well as a source for finding comp garages and rates.

I tried searching around the forum but was unable to find anything similar.

Thanks!

Comments (4)

4mo
Woverne, what's your opinion? Comment below:

In New York, I only had to rent a garage. That was a couple of years ago, and the cost ranged from $220 to $300 a month. And after that, I could find a house in another state that I could afford. But the garage in that house was in terrible condition. I had to fix it up. The garage door was especially hard to fix. I called in the professionals from advantagegd.com to do it. They decided to replace the gate with a new one with an automatic auto-driven system. They did the work quickly, in about 2 days. And they gave me a discount as a new customer, which I was very happy about. In general, I was pleased with their work.

4mo
CREnadian, what's your opinion? Comment below:

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