If you live in a metropolitan city, be it anywhere in the world, you know all too well the woes of finding a good parking spot. Finding the G-spot is easier perhaps. Road rage in third world cities is being replaced by parking rage. Neighbours bickering over dripping clothes in their balconies is a thing of the past; these days the only fights are over parking.
Buying a house is easier than buying a parking spot it seems. We never thought we’d be saying this but the most expensive parking spot in the world costs a whopping one million dollars. The city is New York and the area is Manhattan, one of the most populated spaces in the city. There are 10 parking spots in a luxury condo built by 42 Crosby St. in Manhattan’s posh Soho district, and the price of each of the parking spots (that houses a single car) is one million dollar. That’s over Rs 6.8 crore.
Ironically, the per square foot cost of the apartments they come with is cheaper. The cheapest apartment is priced at $3,140 per square foot while the parking space below is at $5,000 per square foot. Yep, think twice before buying a second car.
The spot is for lifetime and parks a single car. It really is an insane amount to pay for a parking.
There is another building in the Hudson Square district in New York that has set the price of parking spots at one million dollars. The building at 15 Renwick St. has 3 parking spots priced at $1 million dollar along that come with the 2 penthouses priced at $7 million and $11 million.
Of course, this is the price of the most expensive parking spot in the world and these are luxury spaces meant for the well-heeled who’s who of the world. But if you thought this is just a first world phenomena, let us tell you a parking spot in Hong Kong was sold for $760,000, and another for $664,260. And these parking spaces were much smaller (over 150 sq. feet) than the ones in Manhattan.