$90,000 parking spot - 180 WEA

If I am remembering correctly there are two kinds of parking in Lincoln Towers: indoor parking and outdoor parking. The indoor parking is a condominium unit which is operated by a commercial parking entity and is only available for rent. The outdoor parking is available to shareholders only and is sold as added chairs to your unit (note that means it is not a "deeded" space as stated in the listing). One potential issue with that is that the maintenance associated with your spot will not simply increase as the real estate taxes on that space go up, but will increase whenever there is a maintenance increase on the coop. You also can't sell the space to just anyone, but only those who own apartments in that particular building.

Its just a bet that parking spaces in NYC will appreciate with time at a more rapid pace than other investments. Not much difference than buying vs renting an apartment

To someone who appreciates the ability to keep their car in nice condition, this spot might have value beyond the obvious intrinsic value. Having parked for decades in commercial garages, with the inevitable damage inflicted by careless attendants, the opportunity for a self park space (with nobody to tip every time you use the car) is really attractive.

My last building in NYC had 14 self park spots in the basement, operated by the co-op. I waited for years to get one, and when I had it, it was magic. My car stayed like new, was monitored on camera by the same doormen and handymen that I knew and trusted. My building rented those spaces, but if they offered me the opportunity to buy it, I would have in a heartbeat.

Definitely a luxury, but so is the car itself. Assuming this is a self-park spot (even if outdoor) and there remains any sort of car-oriented future in NYC, I think $90K isn't crazy.

Lanzz,
I agree with what you are saying:
1) for 20 years I parked in a garage on Green Street which was unattended and only have assigned spots. No one touching your car except you. I loved it.
2) in the current garage where I park there is the ability to have an assigned spot where you park the car yourself, but there is I have the app charge for this privilege, so obviously the garage operators see the advantage of this.

Just me but I wouldn't want to buy an outdoor spot. Bad weather etc.