NYC Condo Offers $1M Parking Spots

Spaces are dear in SoHo
By Newser Editors and Wire Services
Posted Sep 10, 2014 3:52 PM CDT
Traffic is backed upon Broome and Greene streets in the Soho neighborhood of New York City in this file photo.   (AP Photo/Mary Altaffer)

(Newser) – You'll need to be a millionaire to afford ritzy new condos coming to New York City's SoHo neighborhood—and that's just to park. The New York Times reports that 10 underground spots at 42 Crosby St. will cost $1 million each, more per square foot (between $5,000 and $6,600) than the apartments upstairs. The apartments, incidentally, will cost between $9 million and $10 million. Brokerage firm CEO Shaun Osher says there are "few to no options" for parking in SoHo, just northeast of the World Trade Center site. He says his firm is "looking at setting the benchmark."

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