Hi,
We are buying an apartment in the South Slope and have the opportunity to buy a parking space (for $30k). We don’t own a car, but think it makes sense for resale value (2 bdrm) and we can cover some costs by renting it. Does anyone know what value a parking space adds to a sale price in this neighborhood?


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  1. Even if the bylaws don’t prohibit renting your space to a non-resident, the condo board will likely pass a rule prohibiting the rental to non-residents, and they have right of first refusal on rentals in any event. Our condo absolutely forbids renting spaces to non-residents. In fact, as I recall, one potential parking spot purchaser mentioned they might rent to a non-resident and the sponsor declined their offer to purchase. There are many and varied ways a condo board can prevent you renting to a non-resident, or preventing a non-resident renter from accessing the parking lot. One thing is absolutely certain, if you rent it to a non-resident, you will seriously piss off a sizeable chunk of your neighbors. Do you really want to live like that?

  2. As the user name indicates i live around 12th and 7th and park without much trouble at all. It helps that there’s Tues/Fri street cleaning (once a week, spaced out) and if that fails, you just go down to 6th and the street cleaning days are completely different. I’d say a good portion of neighbors have cars so it’s not too bad. That said, somebody will gladly pay $200/mo who doesn’t want their car dinged up, etc in the area.

    To the guy looking at night, just park it on 7th avenue, move it by 8:30 the next morning for the street cleaning.

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