How's about $560,000 for a parking space in your apartment building in Boston? That's chicken feed. NYC has truly set a new limit: $1,000,000 for a parking space at 42 Crosby Street. You won't even own the space, as you get a 99-year-long license for each spot and, if you move,you have to sell it.
These spaces cost more than the apartments: $5,000 and $6,666 a square foot, whereas the nine three-bedroom units upstairs will range between $8.70 million, or about $3,170 a square foot. They also cost more than four times the national median sales price of $217,800 for a home.
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