The New York Times: Million Dollar Parking Spot

Marking the official launch of CORE’s latest new development 42 Crosby, The New York Times covered a classic illustration of New York City’s robust luxury residential market. Situated on the corner of Broome and Crosby Streets, the 10-unit Soho building was profiled after unveiling plans to provide private parking to residents for $1 million per space. With space at a premium in NYC, parking is the number one most requested amenity in residential development. “We’re looking at setting the benchmark,” said Shaun Osher. “In real estate, location defines value and parking is no exception to that rule.”