September 11, 2014
$1 million will buy you a pretty good, though hardly high-end, New York City co-op or condo ... or one parking space — because that's the price tag on each of the 10 being offered by the developer of the under-construction 42 Crosby Street condominium at the corner of Broome and Crosby in SoHo, reports The New York Times. The spaces — first come, first served for buyers in the 10-unit building — are bigger than a single lane, some as large as 200 square feet, each with storage space and a charging station for electric and hybrid cars. Technically, they're just being leased for 99 years, which means if you sell the condo you have to give up the space. A Tribeca sparking space sold for $345,459 last year, with the average being $136,052, the paper said.
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