Thursday, July 12, 2007

Yours for $225,000: a place to park


Spots in new Manhattan condominium development now going for more than typical U.S. home price.

NEW YORK -- Parking spaces in New York cost as much as $225,000 and could soon be going higher still, putting the cost for the prime spots above the price tag of the typical U.S. home price.
Manhattan real estate agent Tom Postilio said there is a waiting list of seven or eight people hoping to pay $225,000 for one of five private parking spaces that has been approved in the basement of 246 West 17th Street, a 34-unit condo development scheduled for completion next January.

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