Purchasing a spot is essentially a real estate transaction, often requiring the same legal oversight as buying an apartment.

Beyond the spreadsheet, the value of a private spot is found in the time it saves and the stress it removes from daily life. My New Office: A Parking Space - The New York Times

: Ownership does not end at the purchase price. Most deeded spots in condo buildings carry monthly maintenance fees, often around $50 to $180 , covering insurance and garage upkeep.