N.Y. parking spots go for $200,000

Spaces are in such demand that there are waiting lists of buyers. Eight people are hoping for the chance to buy one of five private parking spaces in the basement of 246 West 17th Street, a 34-unit condo development to be completed next January. The developer is seeking city approval to add four spots. Parking in new developments is selling for twice what it was five years ago, said Jonathan Miller, an appraiser and president of Miller Samuel.