REAL ESTATE – “Million Dollar Parking Spot,” by NYT’s Michelle Higgins

CapitalSeptember 10, 2014

“What will $1 million buy you in New York City? … [M]aybe your very own parking spot in SoHo. A new development, 42 Crosby Street, is pushing the limits of New York City real estate to new heights with 10 underground parking spots that will cost more per square foot than the apartments being sold upstairs. The million-dollar parking spots will be offered on a first-come, first-served basis to buyers at the 10-unit luxury apartment building being developed by Atlas Capital Group at the corner of Broome and Crosby.”