Brooklyn Garage Offering Parking Spot For Bargain Price Of $300K

Oh, and a parking garage with a $300,000 parking spot.

NY ( http://bit.ly/2lXUNsi ) says the last one there sold for $280,000.

Asked whether he could assure new parking space owners that their garage's elevator woes had since remedied, Pronsky said Tuesday: "I really don't want to talk about this". For that same price, one could buy 16 new Honda Civics, a ride in a stretch limo with a driver for 24 hours a day for 119 days straight, a whole bunch of Uber or taxi rides or pay off a $60 parking ticket every day for almost 14 years.

To give you an idea of what people have previously paid, a spot in the same garage sold for $80,000 four years ago.

Some neighborhood locals say they wouldn't balk at buying a high-priced parking spot.

Howard Pronsky, who bought the Union Street garage 30 years ago - when each space went for the bargain price of $29,000 - says despite the exponential profit growth, this isn't an investment.

Julia Kite, of the advocacy group Transportation Alternatives, told NBC4 that the city needs to step in with a residential parking system, likening the pricing surge to how investors have taken to the city's luxury home market in recent years. "We had our vehicle parked across the street on a monthly basis, but they closed to make residential". "No more circling looking for a space, no more parking tickets, no more shoveling out your vehicle from a snowdrift", reads the new $300,000 listing, which is being handled by the Brown Harris Stevens real estate firm.

Never has there been a more "Brooklyn" conundrum: one-bedroom apartment super far away from the city, or conveniently located parking spot?

"This is the Brooklyn we live in today", said Hollar.

  • Zachary Reyes