In Manhattan, The Rise of the $1M Parking Spot

The Real DealAugust 22, 2015

At Soho’s 42 Crosby Street — a 10-unit luxury condo that is currently under construction – just 10 underground parking spaces are asking $1 million. That’s roughly four times the cost of an average single-family home in the U.S. and higher price per square foot than the condos upstairs, according to the Wall Street Journal.