April 27, 2004 in Miscellaneous

Boston Parking Spaces

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Below is further validation for my decision not to move back to Boston.

Value soars on choice Hub parking spots
By Beth Greenberg, Globe Correspondent, 4/14/2004
In 1997, the average price for a detached, single-family house in Massachusetts was $199,968. Now, you might pay nearly that for a parking space in Boston.
Last month, a parking spot at the privatelyowned Brimmer Street Garage on Beacon Hill sold for $160,000. And that wasn’t even the city’s record price. That distinction goes to a 156-square-foot rectangle of concrete and white paint at Brimmer that was listed for $200,000 in August, and eventually fetched $167,500.
Since July, five of the 110 spaces at the three-story garage have been sold for sums between $144,500 and $167,500. The price, plus a monthly $163 condo fee, includes heat and valet service for the privilege of having a covered parking spot in a place where cars outnumber on-street parking spaces 4 to 1.

Damn! This is just over the top.

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