A new development in the SoHo District of NYC will be offering 10 parking spaces at the building for a mere $1M apiece.

A new development, 42 Crosby Street, is pushing the limits of New York City real estate to new heights with 10 underground parking spots that will cost more per square foot than the apartments being sold upstairs.

The million-dollar parking spots will be offered on a first-come, first-served basis to buyers at the 10-unit luxury apartment building being developed by Atlas Capital Group at the corner of Broome and Crosby, itself the former site of a parking lot. (New York Times)