Manhattan parking spots selling for $1M

Global Business

One of its jaw-dropping features in New York City: 10 underground parking spots selling for up to $1 million each. CCTV America’s Karina Huber reports from New York.

Janet Wang, a real estate salesperson at the Corcoran Group, says high profile individuals who are paying tens of millions of dollars for apartments won’t be bothered by the high price.

Pop star Madonna reportedly chose a Manhattan home outside of her desired area in part because it offered private parking, a feature that is hard to come by in the city.

Whether they sell the spots remains to be seen, however $500,000 parking spots at another development sold out within months.

Manhattan parking spots selling for $1M

Manhattan parking spots selling for $1M

One of its jaw-dropping features in New York City: 10 underground parking spots selling for up to a million dollars each. CCTV America’s Karina Huber reports from New York.