This post from awhile back noted that what it costs to rent a parking space in New York City could rent a nice apartment in Houston. But if you think that’s pricey for a parking space, you haven’t seen anything, yet.
At 200 Eleventh Avenue — a new 16 unit condo project in Manhattan (HT Felix Salmon) — the developers are offering an “en-suite garage” for a prospective owner’s automobile in 14 of the units. The website has a simulation that shows how the owner would drive his or her car into the building and into an elevator, which then takes the car to the owner’s unit, where they then drive into their 300 square foot “en-suite garage.” The cheapest unit in the development costs $4.7 million for 2,353 square feet, so that en-suite garage costs a cool $600,000, which would buy one very nice entire condo in downtown Houston.
I wonder if the developers throw in a workbench with that garage? ;^)