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Not So Humble Pricing The hefty price is also somewhat put into perspective when you consider the cost of housing in the trendy Brooklyn area. "According to Trulia, the average sale price of an apartment on that block is around $1.3 million," said Benjamin Glaser, features editor with DealNews. Keep in mind Glaser isn't talking about sprawling townhouses that can accommodate a large family. He's referring primarily to 2-bed/2 bath coops like this one and units in new condos that sport less than 1,000 square footage, such as this humble abode. Even renting a parking spot can rack up a big bill, adding substantially to one's monthly rent rate. A 2016 report by Trulia analyzed the price of parking space rentals in several major cities and found that the Big Apple is the most parking-challenged city, so to speak, followed by Washington, D.C. Highway Parking Robbery? But even with scarce public and private parking options in New York City, parking rental prices are not nearly as steep as one would expect given that $300,000 selling figure, according to Trulia's research. "Even in Park Slope, parking spots in gated lots are advertised for hundreds, not thousands of dollars [a month]," said David Weidner, managing editor for Trulia's housing economics research team. "Our listings research suggests that homes with parking in that area do not carry such expensive markups just because they include parking. Our advice would be: Buyer beware." And there are more reasons for buyers to be wary: Chiefly, the fact that if interest in ride and car-sharing continues to pick up, those parking spaces could start to lose value.
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