by Michael Haltman, The Political Commentator
Econintersect: What will $1 million buy in New York City? How about a 12′ wide, 23′ deep and 15′ high parking spot!
Is this merely supply and demand or a case of decadence, thy name is NYC!
This concrete slab is located at 66 East 11th Street in a building where the penthouse apartment will have an asking price of $38.8 million.
Click on picture for large view of Maserati Birdcage concept car.
The garage will be offered at a price of $1 million and probably sell for well above in a bidding war likely to develop between two hedge fund manager-types who will want to layer their Maserati and Bentley one on top of the other.
“The parking space isn’t the only amenity: the shower water will be pumped full of vitamin C and aloe, and the apartments will have heat reflexology flooring.
The lighting patterns and air quality in the building are designed to provide its residents with a better night’s rest.“
Recession? What recession?
It wasn’t that long ago that you could buy a NYC taxi medallion for $1 million, and now you would have to pay the same for a place to park it!
It wasn’t that long ago that you could buy a NYC taxi medallion for $1 million, and now you would have to pay the same for a place to park it!
Source:
- The $1 million parking space (Annie Karni, New York Post, 20 May 2012)
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