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!
While this is not exactly what you are asking for, this may help somewhat:
https://www.hfflp.com/blog/2019/january/parking-garages.html
I think everyone in RE has been using this forever.
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.
Sint vel dolores cumque maxime ut et reiciendis. Corrupti voluptatem officia ratione suscipit. Et nobis quasi quae molestiae iusto velit neque velit. Autem dolor et at est qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...