Boston’s Most Expensive Parking Space Ever Is Listed in Beacon Hill
In neighborhoods like Beacon Hill, where the narrow streets were laid out long before the invention of automobiles, parking spaces are rare and command a high price tag. Even so, it’s a shock that Unit #236 in Beacon Hill’s Brimmer Street Garage is now on the market for a whopping $650,000, according to the Bates Real Estate Report.
Brimmer Street Garage is heated and offers valet parking. When it opened in 1979, it was the first of its kind, selling individual parking spaces as deeded pieces of property, like condominiums.
The listing for Unit #236 describes “a very rare opportunity to purchase garage parking in Beacon Hill at the coveted Brimmer Street Garage!” According to Bates, at $650,000, the price per square foot of the unit surpasses that of the Millennium Tower penthouse.
Originally, single deeded parking spaces at Brimmer were sold for $7,500. The spots have increased in value by approximately 97% since the year 2000, when the average sale price was approximately $110,000, according to Brimmer. Recently on October 9th, Unit #126 sold for $390,000, which is believed to be the highest price ever paid for a space at the garage until now. The $650,000 sale would likely be the highest price ever paid for a parking space in Boston.
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