The Hi-Tech Parking Spot That Sold For $300,000 | CNBC Prime

Hidden deep below some of New York City's most luxurious apartment buildings is an exclusive world of futuristic parking spaces where high-end vehicles are parked and retrieved by robotic parking systems. CNBC’s Ray Parisi takes you on a ride inside an intelligent-parking system with spots that start at $300,000 per car. This subterranean car lair, where no humans are allowed, is located in NYC at 121 E 22nd St deep below a luxury 140-unit condo developed by Toll Brothers. Just this month a buyer picked up a $300K spot along with the condo’s highest priced apartment a five-bedroom duplex in a package deal that cost $9.45 million. Here’s what driving into a $300K parking spot looks like.
» Subscribe to CNBC Prime: cnb.cx/yt
» Find Your Local CNBC Channel: www.cnbc.com/c...
About CNBC Prime
An entertainment network with a programming slate that is an extension of CNBC’s distinct brand. The entertainment-focused block in primetime includes programs such as Shark Tank, The Profit, Jay Leno’s Garage, American Greed, No Retreat, Undercover Boss and Secret Lives of the Super Rich.
Connect with CNBC Prime Online
Visit CNBC Prime’s Website: cnb.cx/prime
Find CNBC Prime on Facebook: cnb.cx/fb
Follow CNBC Prime on Twitter: cnb.cx/tw
Follow CNBC Prime on Instagram: cnb.cx/insta
#cnbc #newyork #parking
(The Hi-Tech Parking Spot That Sold For $300,000 | CNBC Prime)

[@thebigpicture2032]

For 300k you have to get out of the car to use your chip the first time?

[@Gaellic]

What happens in a power outage?

[@nightstorm9872]

Yeah, my parking spot is $0.

[@rissals8071]

Who tf want to live in steb city NY

[@junito1008]

2mins 15secs when there aren’t 8 car owners trying to get their car too 😂 then, the waiting time is 35mins !! 🤦🏻‍♂️

[@rickthelian2215]

Great when working, I believe we have one in Australia and the car fell out of the bay now not in use and cars are stuck inside

[@sociopathicnarcissist8810]

You are right Rick, It is now coming up to 18 months if I recall correctly, and every car within that garage has also not moved. Real Estate in Sydneyo and Melbourne is just crap.

[@icyhotmike]

None of the cars in there are worth 300k

[@th8832m]

They wasted all their cash on the parking spot

[@MonkeyBonkey]

No one in New York City cares about what car you drive, and the nice cars get banged up so there really isn't a point to getting anything nice...

[@pasodiufwen]

Perfect for deep urban living but 10X the potential failure points compared to similar systems in Tokyo or Singapore. Pretty good racket though.

[@riku5168]

$300k....... I pay about the equivalent of $1200usd a month for my automated parking space in Tokyo.

[@Vibe_Boss]

Caaapppp

[@coscorrodrift]

woah, where? can you take a video of it?

[@ShawnDingo420]

@@coscorrodriftI believe it’s in Tokyo

[@RogerSteinbrinkh2oBrother]

You have to get out of your car? Deal breaker right there.

[@t2shorty]

Is there no better use for spending such a large amount of money? Just seems like a waste. If it's about security, you can just get another (brand new) car for less than the parking spot cost if it ever gets damaged or stolen 🤷‍♀...just file that insurance claim.

[@trenchtownrock]

My car is in my driveway for free 😂

[@laknicks]

300k and no valet? Come on

[@xondeez757]

That is extremely stupid. For 300k you can just park anywhere and just pay the monthly bill which is a few thousands a year.

[@WM22MW]

Wait, Just forgot my wallet/purse in the car... Say goodbye to yesterday!

[@kris-p-4365]

Imagine a structure that is full of parking spots and probably costs less than 300k to build ... hmmm

[@bigredc222]

The mechanics probably cost 10 or 20 grand per parking space.
The real expense is making the building deeper.
Manhattan is on granite bedrock, imagine how much it costs to make a building deeper through granite.
It has to add many millions to the cost of the building.

[@Cream1968]

Eat the rich….🤔

[@walden420]

Eat the rich? Cannibalism? I'd rather just steal from them.