New York car space expected to sell for $1m

An undercover car parking space in Manhattan is expected to sell for over $1 million, according to the New York Post.

The garage is twice the height of an average space at 4.5m high, meaning that the owner could install a car elevator and allow two cars to be parked at the one time. The car space has its own sales contract and will also attract building maintenance fees.

The building itself that the car park is located in is an eight-story pre-war loft building, used as a parking garage. It recently sold for $120 million and is currently being redeveloped, converting  into six luxury condominiums with mammoth, 15-foot-high ceilings.

The city’s second most expensive parking spot is a 300-square-foot “en suite” sky garage that is inside  a $7 million penthouse at 200 11th Ave, which we wrote about in 2009 – view more here.

 

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