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.