Monday, May 21, 2012

Markets in Everything: $1 Million Parking Space

Where else? NYC's first million dollar parking spot is on the market, according to the NY Post.

It will come with its own deed and sales contract, and will be charged maintenance fees.  The hot space is 12 feet wide, 23 feet long and more than 15 feet high, and costs six times more than the national-average price of a single-family home.

HT: Andy Weintraub

4 Comments:

At 5/21/2012 4:48 PM, Blogger morganovich said...

location, location, location.

both nyc and san francisco real estate markets are anything but cheap. sf barely even took a hit this recession and has been making new highs for some time.

the building in sf i lived in until last yr is currently trading at around 1600 ft/2.

 
At 5/21/2012 8:58 PM, Blogger Hydra said...

You could not pay me enough to live in that kiiind of location.

 
At 5/21/2012 9:15 PM, Blogger Mark J. Perry said...

What about if I offered you $100 billion? In that case a $1 million parking space would be like buying a CD?

 
At 5/21/2012 10:39 PM, Blogger juandos said...

"What about if I offered you $100 billion? In that case a $1 million parking space would be like buying a CD?"...

Actually the comparison would be cheaper than buying a CD but your point absolutely valid none the less...

Wasn't it Seinfelf who bought a building and turned it into a garage for his cars (or tried to) somewhere in Manhattan?

Didn't you love the part where the 'shower water' has vitamin C and aloe?

 

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