Well if you live in Manhattan it could be as much as $225,000! Which is enough to buy a fairly decent three bed roomed family home in most States.
However for the residents of Manhattan, car parking spaces have become a rare and much sort after commodity, for many of the few available there are waiting lists. One case is that of a new condo development on 246, West 17th Street, there are 34 units in the development, with five car parking spaces in the basement. So far there are eight people hoping to be the lucky purchaser of the $225,000 spaces. This has prompted the developer to seek approval from the City to add four more spaces, and who could blame them at that price!
This concept is not just a Manhattan phenomenon for parking is also expensive in Boston, $175,000, and Chicago $75,000, although the cost is not as high, compared to the property price it is. In other areas like LA and Dallas, car parking spaces are included in the price, so it varies from place to place, but depending on the building space available at the time.
It would appear that people who have no cars are buying car parking spaces; they are bought as investments and are rented out in order to cover the management costs of the condos. Not bad for a piece of concrete with just two white lines painted on it!
Source [NY Times]