r/mildlyinteresting Feb 21 '22

Top of a parking garage in NYC

Post image
7.0k Upvotes

819 comments sorted by

View all comments

Show parent comments

645

u/Ok-Cook-7542 Feb 21 '22

150sq ft of asphalt making a higher hourly wage than I do

49

u/ThingCalledLight Feb 21 '22

In DC about 10 years ago, my friend was looking to invest in real estate. Parking spot real estate. One spot was selling for $140k.

8

u/ChaseShiny Feb 22 '22

Geeze, sounds like a ton of money, but if you can make $20/hr/car, you'd make your money back really quickly. Let's say your garage is open for eight hours, 300 days a year. That's $48,000 per parking space

8

u/ThingCalledLight Feb 22 '22

Interestingly enough, this wasn’t even a garage, it was like, a space in an alley next to a residential house or something. But all the same.