Top-notch parking spots live up to the firstborn and opening Red Sox tickets when it comes to beloved Boston possessions. Not surprisingly, residents and commuters alike will pay a high price for the best of the first.
NeighborhoodX real estate search site analyzed Boston’s most expensive parking spaces sold in 2015 and 2016 to date, and found that their price ranged from a $ 50,000 space at 5 Holyoke Street in the South End to $ 390,000 for a space at 70 Brimmer Street (aka the Brimmer Street Parking Garage) in Beacon Hill.
Based on these sales, in fact, Beacon Hill is the most expensive area to buy a parking space, followed by Back Bay and South End.
As for that Brimmer Street garage space that made nationwide news last year when it asked for $ 650,000, it’s not included in NeighborhoodX’s recap. Why? Because it never sold. The price fell to $ 415,000 and then the space completely disappeared from the market. According to Constantine Valhouli, co-founder of NeighborhoodX, Brimmer Street Garage spaces generally tend to cost $ 250,000 to $ 390,000.
A note on the graph: he focused on parking offerings that could be negotiated independently and not as part of a residency.