TODAY’S 4:20 FAIL – $300,000 PARKING SPACE IN BROOKLYN

TODAY’S 4:20 FAIL – $300,000 PARKING SPACE IN BROOKLYN

Photo Credit – pixabay.com

In a glaring example of just exactly how out of touch with reality the New York City real estate market has become, behold the $300,000 PARKING SPACE!  It’s in a Union Street garage in Brooklyn where just a few years ago a space sold for $80,000.  Even AFTER you by the space, there is STILL a $240/month MAINTENANCE FEE AND $51 in monthly TAXES!  Some say it could be a good investment to flip a few years down the road but when a parking space costs more than SEVERAL cars, it’s time to take a long hard look at reality.  But as they say, it’s whatever the market will bear.  Seems UNbearable.

SOURCE: https://www.dnainfo.com/new-york/20170306/park-slope/most-expensive-parking-spot-300000-garage-space?utm_source=fark&utm_medium=website&utm_content=link&ICID=ref_fark