A new condo building in SoHo plans to charge as much as $1 million for a parking spot in its 10-car underground garage. $1 million. As in, a dollar more that $999,999, and a dollar less than $1,000,001, give or take taxes and other expenses. What's even worse is that these aren't even the city's FIRST $1 million parking spots, which means that this city is home to UPWARDS OF TEN PARKING SPOTS that cost nearly twice the median home value in Bushwick, and that's the 7th coolest neighborhood in the world! The future is nothing but darkness.
The Times reports that these presumably ruby-encrusted parking spots can be found, in the future, at 42 Crosby Street, a 10-unit luxury apartment building currently being built at the corner of Broome and Crosby. Each nearly 200-square foot parking spot runs between $5,000 and $6,666 per square foot, eventually working out to about $1 million per space—the condo apartments, meanwhile, run about $8.70 million to $10.45 million, so this is just a little add-on.
To be fair, getting a parking space in this city is pretty much the worst, or so I hear from the total two people I know here who own cars. The Times reports that the average residential parking space in Manhattan is $136,052, with the average cost of monthly parking running upwards of $460/month. Plus, the Crosby Street spaces come with private storage for sports equipment and electric vehicle charging stations. Your ne'er-do-well brother could probably live in this parking spot when he shows up announced after he gets shot in an alley in Prague and forgets his identity, which is something that happens to rich people frequently, according to historical documents.
These aren't the first expensive parking spaces in Manhattan, nor will they be the last. A Tribeca development is offering spaces for $500,000 apiece: "When someone is paying $50 million for an apartment, another $500,000 for the luxury of not walking a block or two and having your own spot, I guess it becomes a rounding error,” Izak Senbahar, the president of the Alexico Group behind that development, told the Times. And in 2012, a $1 million two-car parking garage at a building on East 11th Street went on the market, though the Times says no one's snatched that one up yet.
