Only in New York: The $1 million parking space

You’ll need a trunk full of cash to park here.

The city’s first million-dollar parking space is on the market.  The private garage at 66 E. 11th St. costs six times more than the national-average price of a single-family home.  Buying it would be the same as paying a $115 ticket for illegal parking every day — for 24 years.

For moguls or celebrities, however, the rare commodity of a Manhattan parking space inside their building, with a curb cut at the street, is a huge status symbol and selling point.

“It’s for someone who wants complete privacy,” said Prudential Douglas Elliman Vice Chairman Dolly Lenz. “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.”

P.S, The spot could be “duplexed” if the buyer decides to install an elevator lift so he or she can slide both the Maserati and the Lamborghini in at the same time.

Read more: http://consumerist.com/2012/05/who-has-enough-cash-floating-around-to-pay-1-million-for-a-parking-spot.html