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Million-dollar parking space on the market

May 20, 2012 at 7:19 PM   |   Comments

NEW YORK, May 20 (UPI) -- New York City's first million-dollar parking spot -- offering privacy for "a celebrity or a business person who is camera shy" -- is on the market.

The private garage at 66 E. 11th St. is "for someone who wants complete privacy," said Prudential Douglas Elliman Vice Chairman Dolly Lenz.

"You can drive in and not be seen again," Lenz said. "It's for the type of person who finds that attractive. It could be a celebrity or a business person who is camera shy."

The pricy parking space would belong to either the tenant of the extravagant condo's 8,000-square-foot townhouse or the penthouse, says developer Morad Fareed.

The New York Post reported Fareed is in the process of converting an eight-story prewar loft building in lower Manhattan into six luxury condominiums with whopper price tags. Units would be complete with shower water enriched with vitamin C and aloe, heat reflexology flooring and premium air quality designed to give residents a better night's rest.

The primo parking space would have its own deed and sales contract, and the "tenant" would be responsible for maintenance fees, just like a condo.

"The reality of New York City is that people are willing to pay more for a parking spot than the average person in the country pays for a home," said Robert Knackal, chairman of Massey Knackal Realty.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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