The High Cost of Parking in The Heights
This is related to this morning’s curb cut discussion…We know that property in Brooklyn Heights is some of the highest priced in the borough. It’s also the hardest place to park, so it’s not surprising that parking places themselves don’t come cheap. For those keeping score at home, a parking spot at 60 State Street…
This is related to this morning’s curb cut discussion…We know that property in Brooklyn Heights is some of the highest priced in the borough. It’s also the hardest place to park, so it’s not surprising that parking places themselves don’t come cheap. For those keeping score at home, a parking spot at 60 State Street closed earlier this month for the eyebrow-raising price of $110,000. By comparison, a spot at a new condo development on Williamsburg’s Northside just went for $50,912. At this rate, maybe we need to consider a ‘Parking Spot of the Day’ feature.
suburbandude – i don’t think you’re missing anything. that is indeed the risk these people take. some insurance companies may be more lenient or the insuree may find some legal loopholes, but insurance companies i am sure have good lawyers. 🙂
Residental address (where the car is parked) is kept at Mom’s house – in Poughkeepsie.
Mailing address, where you really live and where the car is really parked, is Bklyn Heights.
Car is stolen but you file the claim in the vicinity of Poughkeepsie.
Happens all the time.
Could someone please fill me in on auto insurance?
You register your car in Poughkeepsie (at mom’s house) but you park it in Brooklyn Heights. The car is stolen and you file a claim. The insurance company does a 30 second internet search and finds out you lied and live in Brooklyn Heights.
Insurance fraud. Claim denied.
What am I missing?
You would probs need to have your residential address in BH to get the BH sticker. Therefore you would need to pay premimum insurance rates for 11201, not Poughkeepsie, etc. I am basing this assumption on the residents of Rockaway; who qualify for the reduced bridge toll rates only by registering their vehicle with a residential address on the Rockaway peninsula. Mailing address doesn’t count in the eyes of the D/RMV.
and people were telling me one can buy a place in BK Heights with a 100k income. 100k income, in the context of buying in these premo BK hoods, is “PEANUTS”
yes, but you need a mailing address where you register it, typically a relatives home address.
why do we think brooklyn parking permits would be enforced when the rest of the potential moving and nonmoving traffic violations almost never are?
That 50 grand sounds about right if it was a private garage. That’s what they were charging in my building.
Also, you don’t need to register your vehicle out of state to get a good rate, you could register it in Poughkeepsie and get a good rate.
“i can’t see who loses in this situation.”
The losers are those residents who commit auto insurance fraud by registering their vehicles in a state with much lower premimums. They would have to register their vehicle in NYS to qualify for a neighborhood street parking permit.