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Unparalleled NYC Parking Spot Up for $1M

Inside spot for 'camera shy' people, says exec
By Mark Russell,  Newser Staff
Posted May 21, 2012 2:19 AM CDT
Updated May 21, 2012 3:10 AM CDT

(Newser) – New York has long been home to some of the most expensive apartments in the world. But now the city that never sleeps is getting a new icon of excess—a $1 million parking spot, reports the New York Post. Buying it would be the same as paying a $115 ticket for illegal parking every day for 24 years, notes the paper. The 12-by-23-foot spot is located on East 11th Street inside a former eight-story parking garage, which was bought for $120 million and is now being turned into six luxury condos with inside parking.

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"It’s for someone who wants complete privacy," said one financial high-flyer. "You can drive in and not be seen again. It’s for the type of person who finds that attractive. It could be a celebrity or a business person who is camera shy." Interested, but unwilling to pay more than, say, $500,000? Good news: You could essentially pay that per car. The spot is 15 feet tall, meaning it could be outfitted with a lift that would allow for the storage of two vehicles. (Read more luxury homes stories.)

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