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Today in Brooklyn parking prices: a spot in the garage at 475 Sterling Place, between Washington and Classon Avenues, just traded for $10,500. Not bad when you compare it to a spot in Brooklyn Heights, which can go for as much as $110,000. Obviously the demand for parking isn’t in the same on the Crown Heights/Prospect Heights border as it is in THE Heights, but it’s hard to put a price on the safety and convenience of being able to park in your own building.


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  1. The $10,500 was the price for the parking space which was purchased in conjunction with a 2br/2bath condo apartment with a recorded price (according to Streeteasy) of $530,000. If the parking space had been sold separately from the apartment, say to someone who had previously purchased an apartment but not a parking space, the price would likely have been higher. Recorded prices for parking spaces in this building over the last two to three years seem to have varied from $0 to $25,000 (full list price at the top of the market). All cash buyers at the bottom of the market seem to have had strong bargaining power, and other buyers less so.