Showing posts with label we don't know what to do with our money. Show all posts
Showing posts with label we don't know what to do with our money. Show all posts

Friday, April 25, 2008

EV Etc.: $801,000 for a basement


Well, it is in the Dakota.

From the AP:

While $801,000 may sound like a lot for a basement den that cannot legally be used as a dwelling, it isn't unusual to see well-off Manhattanites paying top dollar for auxiliary space, said real estate appraiser Jonathan Miller.

A 100-square-foot to 200-square-foot storage room in an upper crust building could easily sell for $150,000 to $350,000, if it had a sink or its own toilet, he said.