The most expensive parking in the world?
AN APARTMENT development in New York City's pricey Soho neighborhood is charging for a parking spot as much as it would cost to buy a nice house on a Beach elsewhere — $1 million.
The New York Times reports the 10 underground spots at 42 Crosby St. will cost more per square foot than the apartments upstairs. The parking spots will run between $5,000 and $6,666 a square foot.
The three-bedroom apartments will cost around $8 million to $10 million, or about $3,100 a square foot.
Brokerage firm CEO Shaun Osher says there are 'few to no options” for parking in Soho, just northeast of the World Trade Center site. He says his firm is 'looking at setting the benchmark.”
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Mike Gallagher
Mike Gallagher is a Georgia-based freelance journalist covering local news, community developments, and regional issues that matter most to residents across the state. Writing for Georgianewsday.com since 2016, Mike has built a reputation for clear, balanced reporting and a strong connection to the communities he serves. His work spans city council decisions, school board updates, small business features, public safety reports, and statewide policy changes. In addition to local coverage, Mike occasionally reports on state politics and national headlines, offering readers context on how broader decisions impact Georgia communities. Known for his steady, fact-driven approach, Mike prioritizes accuracy, fairness, and accessibility in every story. Whether covering a town hall meeting or breaking political developments, he aims to inform readers with clarity and integrity. Outside the newsroom, Mike remains actively engaged in Georgia’s civic landscape, always seeking the next story that shapes the state’s future.
