Only in Manhattan – Parking spots on sale for $1 million


With the skyrocketing gas prices these days, the last thing you want is sticker shock at your residence parking lot. But that might be hard to avoid in Lower Manhattan. A parking space on 42 Crosby Street for an astronomical $1 million will put to shame anyone who complains about the going rate for New York City’s shoebox-sized condominiums, in which case you can either dream of owning apartment or the parking spot.

A new 10-unit luxury apartment building has 10 underground parking spots that will cost more per square foot than the apartments built above them. The 150 and 200-square-foot underground spots will cost $5,000 to $6,666 per square foot, while the nine three-bedroom units upstairs will cost between $8.70 million, or about $3,170 a square foot, and $10.45 million, around $3,140 a square foot.

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most-expensive-parking-soho-1The generous sized parking lot also features enough storage space and charging station for the homeowners at Atlas Capital Group’s 42 Crosby St.

[Via – Ny-Daily-News]