$1 Million Dollar Parking Spot

Parking in any major city these days can be expensive.  Not to mention difficult to find as well.  However, would you pay $1,000,000 to have your own parking space?  The New York Post reported that the price of a particular parking space, which is 12 feet wide, 23 feet long and 15 feet high, is exactly $1,000,000.  I guess when you consider it is located in a building with a prominent Manhattan, New York address, and is to accompany an 8,000 square foot town house, it might be a bit more palatable.  The story also indicated the following:

  • The parking spot costs more than six times the national average price of a single family home
  • Buying this spot would be the equivalent of paying $115 ticket for illegal parking every day for 24 years

So why would someone pay this ridiculous price for a parking spot?  Someone who wants complete privacy, such as a celebrity or mogul.  You can drive in without being seen.

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