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NYC 'sweet spot' price for a parking space is $300K-$400K

NYC 'sweet spot' price for a parking space is $300K-$400K



So you checked out the Connecticut mansion and its 30-car underground parking garage, but aren't ready to throw down $33.8 million for the 19 acres and the commute. What about spending one- or two-thirds of that for a condo in New York City and one (1) parking space? A CNBC story takes a look at automated parking spots in NYC, finding them to be the new hotness among amenities packages touted with new developments.

CNBC looked at two buildings, the first offering a fully robotic parking space for $300,000 for a standard ICE vehicle, or $350,00 for a PHEV or EV. The condo units these spaces are attached to go for seven or eight figures; the cost of the space is added to that as well as the $150-per-month maintenance fee.

Residents are given an RFID tag that calls on the automated pallet system to park and return the car. Retrieval from the garage takes a little more than two minutes, the car oriented so it's ready to pull into the street. Said one buyer, "The car is turned for you by the robot. Who doesn’t live for a robot that sets you in the right direction in NYC?" So-called "high-value clients" also like not needing to deal with a valet or attendant, which could be another point of compromised security.