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$1 Million NYC Parking Spot

$1 Million NYC Parking Spot

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Pursuitist Luxury Best Luxury Blog

The private garage located at 66 E. 11th Street in Manhattan, is the city’s first million dollar parking spot, according to the New York Post. Its 12 feet wide, 23 feet long, 15 feet in length and can be “duplexed” if the buyer wants to insert an elevator life for an additional car.

It may seem like an unnecessary expense, even for the richest A-listers, but Dolly Lenz, Prudential Douglas Elliman Vice Chairman, told the New York Post that the space has been designed for people who want utmost privacy.

“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,” she said.

The space is about six -times more expensive than a typical family home in the U.S, according to the Post. “If you have an opportunity to buy a space in your building, you’re going to take advantage of that,” s Robert Knackal, chairman of Massey Knackal told the New York Post. “The reality of New York City is that people are willing to pay more for a parking spot than the average person in the country pays for a home.”