These high-tech NYC parking slots will set you back a cool P16-M

by Drei Laurel | Nov 29, 2022
Image of parking
PHOTO: CNBC Prime

How much are parking slots in Metro Manila going for these days? P5,000 per month, more or less? Depending on your income, that’s a considerable premium that goes toward car ownership. And this sum is on top of all the gas money and maintenance costs you need to shell out on the regular.

If you think that’s pricey, though, then your jaw is going to drop when you find out how much some parks slots in New York City are going for.

Some of NYC’s “luxury parking infrastructure,” a report by CNBC Prime says, feature parking slots that cost up to a whopping $300,000. That is over P16 million, for those of you too lazy to do the math.

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Now, you would figure that a slot that expensive should have everything covered, right? Not exactly. On top of the initial price tag, owners of these luxury parking slots also need to shell out a $150 (P8,500) maintenance fee every month. Ouch.

The whole setup is state-of-the-art, though. You access the facility via RFID, and automated metal pallets are responsible for storing and delivering vehicles back to their owner.

Worth the ridiculous $300,000 price tag? It’s hard to imagine the answer being ‘yes,’ even when you do consider the scarcity of parking slots in NYC. It’s definitely a neat way to blow your disposable income, though.

So, would you splurge on a parking slot like this if you had the money? Let us know in the comments.

NYC luxury parking slots

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PHOTO: CNBC Prime
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