By  Fri Jun 14, 2013

7 Most Expensive Parking Spots in the World

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San Francisco, CA

 

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In San Francisco, an $80,000 parking spot at 88 Townsend was up for sale. The listing, being brokered by Vanguard Properties Inc., is just a block away from a major shopping area, a number of educational institutions, and right across the street from AT&T Park.

Information sourced from The Huffington Post.

 

Knightsbridge, West London

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An anonymous man purchased 284 square feet of space at an underground car garage in Knightsbridge, West London, for over $320,000. The spot comes with an exclusive entrance and exit driveway, and 24/7 remote access and security. The deal, brokered via the Harrods Estates Asset Management, calls for $319,460 for the first nine years, and $1,134 each year for the next ninety years.

Information sourced from Silly Millions.

 

Boston, MA

 

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Lisa Blumenthal purchased two parking spaces for $560,000 at 298 Commonwealth Avenue in Boston. At $280,000 each, the spots are nearly 90% of the cost of the average price of a single-family home in Massachusetts. Blumenthal says the spots will be used for workers and guests.  In 2009,  a single spot five blocks away on Commonwealth sold for $300,000.

Information sourced from NPR.

Hong Kong, China

 

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Executive Jacinto Tong has owned and used an 8 feet by 16 feet, $640,000 parking space in Hong Kong for the past ten years. Described as "the tycoon of parking spaces," Tong owns not only one parking space, but two. One of his spaces leaves him only 20 steps away from his office and the elevator, which he says is priceless. If Tong were to sell both his spots he would make $1.3 million!

Information sourced from CNN.

Manhattan, NYC

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A $1 million private parking spot is expected to be put on the market in Manhattan this fall. The parking spot at 66 E. 11th St., will be 12 feet wide by 23 feet long, and is attached to a $120 million luxury condominium. The spot will have its own deed and sales contract, and will be subject to maintenance fees. It is part of an eight-story prewar loft building that was purchased by property developer Morad Farred last year.

Information sourced from DNA Info.

Brooklyn, NYC

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If you're Jay Z, you can park in Brooklyn's Barclays Center whenever you want. The luxury comes at a pretty penny though. Back in 2005, Jay-Z invested a cool $1 million for his stake in the Nets, landing him the privilege of parking in the Barclays Center.

Information sourced from Jalopnik. Image via ANG/Fame Pictures

 

 

 

Singapore

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Having a $24 million penthouse at the new Hamilton Parks development in Singapore comes with an elevator that takes your car right up your your living room. Resident simply drive their cars into a biometrically-controlled elevator at the base of Hamilton Parks, which lifts the vehicles up through the building and into their living room.

Information sourced from Jalopnik.

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