Million-dollar parking spaces in Manhattan

A New York property developer is offering the uber-wealthy the opportunity to buy a condo parking spot for a cool $1m — merely six times the value of a typical American home.

The 10 parking spaces are for sale at 42 Crosby St, the luxury apartment building under construction in the SoHo neighbourhood in Lower Manhattan.

Based on the $1m price tag, the spots are probably the most expensive residential car spaces in the country, said the broker marketing the seven-storey building.