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SpinDistribute.com Article Directory

The following article was published in our article directory on February 1, 2013.
Learn more about SpinDistribute Article Distribution System.

The $1 million parking lot

Article Category: Real Estate

Author Name: Marc Barnet

The city's first million-dollar car parking area is on the market.
The private garage at 66 E. 11th St. costs six times greater than the national-average price of a single-family house.
Getting it would certainly coincide as paying a $ 115 ticket for unlawful car parking each day � cents ï ¿ 1/2 ï ¿ 1/2 for 24 years.
For stars or moguls, however, the rare product of a Manhattan auto parking space inside their structure, with a curb cut at exchange, is a significant condition icon and selling stage.
"It's for somebody that wants full privacy," claimed Prudential Douglas Elliman Vice Chairman Dolly Lenz. "You can easily drive in and not be seen again. It's for the sort of person who finds that eye-catching. It could be a company or a celeb person who is camera bashful.".

MY SPACE: The parking place at this house on East 11th Street costs six times greater than a traditional family home.
The hot area has to do with 12 feet broad, 23 feet long and additional compared to 15 feet higher.
The place could possibly be "duplexed" if the customer decides to set up an elevator lift so she or he may slide both the Maserati and the Lamborghini in at the very same time.
The parking spot will certainly have its own deed and sales contract, and be charged maintenance fees, merely as a condo will.
The city's gaudiest garage is anticipated to hit the marketplace this autumn, after construction is total and the Attorney General's Office signs off on the building's condo conversion.
Last year, designer Morad Fareed bought the eight-story prewar loft space building for $ 120 thousand and joins the procedure of converting the previous parking lot in to 6 deluxe condos by following large, 15-foot-high ceilings.
The jewel in the building's crown is the 8,000 square-foot duplex penthouse, with a personal 3,000 square-foot terrace, which will be noted for $ 38.8 thousand, according to Lenz.
The auto parking room isn't really the only service: the shower water will be pumped filled with supplement C and aloe, and the apartments will have warmth reflexology flooring.
The illumination patterns and air top quality in the structure are made to supply its citizens by following a better evening's remainder.
"The car parking spot will visit the 8,000 square-foot town hall or to the penthouse," Fareed claimed.
The sky-high cost for a slab of concrete suggests a resurgent real-estate market, professionals stated.
"If you have a possibility to purchase a room in your structure, you're going to make the most of that," claimed Robert Knackal, chairman of Massey Knackal. "The fact of New York City is that people are ready to pay even more for an auto parking area compared to the typical person in the country spends for a house.".
The city's second most expensive parking spot is a 300-square-foot "en suite" sky garage that's inside of a $ 7 thousand penthouse at 200 11th Ave.

"It's for somebody who wants total privacy," pointed out Prudential Douglas Elliman Vice Chairman Dolly Lenz. "You can steer in and not be seen once more. It's for the kind of individual that locates that attractive. It might be a business or a celebrity individual that is camera bashful.".

Keywords: parking lots for sale in new york, parking lots new york, new york parking lots

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