Marking one of the latest instances of New York City real estate absurdity, a basement storage space just sold for well over the average price of a U.S. home, the New York Post reported.

The 200-square-foot space, located in  the basement of a chic Manhattan glass tower that is set to open in 2015, recently went for $300,000 to a future tenant, according to The Post.

The news outlet said buyers are paying between $2,000 and $6,000 a square foot for units in the high-rise.

Source: New York Post

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×