The sale of parking spot #142 at 88 Townsend Street which sold for $65,000 in early 2008 and again for $38,000 in October of 2011 has closed escrow with a reported contract price of $82,000 having been listed for $85,000 in April.
Once again, the spot can be used or leased by a resident or non-resident of the building. And with monthly dues of $32.76, call it a CAP Rate of roughly 4.6 percent for the spot assuming a monthly rent of $350 a month.