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Around the Nation
6:25 am
Mon May 21, 2012

New York Reaches Real Estate Milestone

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Originally published on Mon May 21, 2012 6:26 am

New York has its first million dollar parking spot. The 12 by 23 foot space in lower Manhattan's East Village comes with its own deed and maintenance fees just like the luxury condo it's attached to. The New York Post calculates the investment this way: It's the same as paying $115 parking ticket every day for the next 24 years.

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