NYC storage unit sells for more than average price of U.S. home

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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