Parking Plan Would Change Prices on Upper West Side
January 28, 2008

Two-hour coin operated parking meters could disappear from parts of the Upper West Side as early as this summer, with drivers instead paying varied parking prices that would change based on supply and demand.

The city Department of Transportation is evaluating a plan submitted by the Columbus Avenue Business Improvement District that proponents say would increase the turnover of parked cars, improve access to businesses, and decrease congestion created by drivers circling the neighborhood for a coveted spot

July 12, 2007
For Parking Space, the Price Is Right at $225,000
By VIVIAN S. TOY

In Houston, $225,000 will buy a three-bedroom house with a game room, den, in-ground pool and hot tub.

In Manhattan, it will buy a parking space. No windows, no view. No walls.

While real estate in much of the country languishes, property in Manhattan continues to escalate in price, and that includes parking spaces. Some buyers do not even own cars, but grab the spaces as investments, renting them out to cover their costs.

Spaces are in such demand that there are waiting lists of buyers. Eight people are hoping for the chance to buy one of five private parking spaces for $225,000 in the basement of 246 West 17th Street, a 34-unit condo development scheduled for completion next January. The developer, meanwhile, is seeking city approval to add four more spots.

Parking in new developments is selling for twice what it was five years ago, said Jonathan Miller, an appraiser and president of Miller Samuel.

Although spaces in prime sections of Manhattan are the most expensive, even those in open lots and in garages in Brooklyn, Queens, Riverdale and Harlem are close to $50,000, although at least one new Brooklyn development is asking $125,000.