Brooklyn parking space listed for $300,000

March 7 (UPI) -- A parking spot in a highly-coveted parking garage in New York's Brooklyn borough is being listed for $3,000 -- a 1,000 percent markup from 30 years ago.

The Park Slope Garage Condominium, which is famous for its murals, was put on the market with an asking price of $300,000, but potential buyers must also be prepared for a $240 monthly service fee.

Howard Pronsky, the garage's owner, said the price is 1,000 percent more than what a space sold for when the garage first opened 30 years ago.

"They were $29 [thousand] back then," Pronsky told Patch. "But that was before houses were in the millions."

Another spot in the same garage sold for about $80,000 four years ago.

Pronsky defended the high price as a consequence of rarity.

"Across the street, you see a building that's being converted now to an apartment building," he told CBS New York. "This was a garage. This garage was has been closed for two years and had 300 spaces. The neighborhood has lost 300 spaces."