Would you pay $300,000 to park here?
You could buy an apartment — or a parking spot — in Brooklyn. They may cost the same.
There’s a parking space on the market for $300,000 in the posh Park Slope neighborhood of Brooklyn. And the garage owners aren’t delusional for asking that six-figure sum: Another spot in that neighborhood sold for $280,000, according to NBC News.
This isn’t even the highest price-tag for a spot. Some go for seven figures. In 2014, a luxury condo development in the chic SoHo neighborhood of Manhattan charged buyers $1 million for a parking space in the development, though some spots were quite roomy (at least for a parking spot) at a cool 200 square-feet That $1 mil price tag is in addition to the $8 million-plus you’d pay for your apartment. “In real estate, location defines value and parking is no exception to that rule,” Shaun Osher, founder and chief executive of the brokerage firm CORE in Manhattan, which handled the sale, told the New York Times.
The SoHo condo wasn’t even the first to ask for such a jaw-dropping sum. In 2012, a private garage on E. 11th St. in Manhattan also charged $1 million for a 12×23 spot. “It’s for someone who wants complete privacy,” Prudential Douglas Elliman’s Dolly Lenz told the New York Post http://nypost.com/2012/05/20/the-1-million-parking-space/ at the time. “You can drive in and not be seen again. It’s for the type of person who finds that attractive. It could be a celebrity or a business person who is camera shy.” On the plus side, the spot is 15-feet high, so you could duplex it to put two cars in there.
In 2012, Hong Kong executive, Jacinto Tong, put an 8×16 parking spot he owned up for $640,000. He actually owned two of these spots — though he told the media that he was “not eager to sell” the second one. And in 2015, a parking spot in Boston’s elite Beacon Hill neighborhood hit the market for $650,000.
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