Out-of-towners think parking costs are through the roof in New York City, but here’s a figure that even gets a native’s attention: $80,000.
That’s the amount that an unidentified buyer paid for a mere 119 square feet, or a permanent garage parking spot at 841 Union Street in Park Slope. The address belongs to the 145-spot Garage Condominium, where four spots sold last year for an average of $53,000. Other five-figure sales this year include a $50,000 spot in April and a $62,500 one in June. The mystery parker, who works in finance, bought a spot that sold in 2003 for $32,000, DNAinfo reported.
Prices began spiking there after the nearby Central Parking, at 800 Union Street, was said to be shutting down so the 300-spot garage could be converted to a 28-unit apartment complex, Howard Pronsky of Berman Realty told DNAinfo.
The sale is not as steep as the six-figure deals prevalent before the recession, Pronsky told the website, though prices could return to that level soon.
The mystery stall holder, who works in finance, bought a spot that sold in 2003 for $32,000, DNAinfo reported. [DNAinfo] – Mark Maurer