News & Noteworthy

Article - Bruce Bronster Weighs in on Million Dollar Parking Spaces
SEPTEMBER 29, 2014 | Law360

Law360 quoted Bruce Bronster (Partner, New York) in a September 10th article entitled "NYC's $1M Parking Spot Shows Appetite For Luxury."

Atlas Capital Group LLC caused a buzz recently with its listing of a parking space in a condominium building in SoHo for $1 million, more per square foot than the homes above it, but experts say in the context of a burgeoning luxury market such a price may just be the beginning.

  • "It's not really about $1 million for a parking space," said Bruce. "If you were just going to condo a parking space, you couldn't get $1 million for it. It has to do with having an amenity on a very expensive apartment."

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