1. Governors Island was Sold to New York State for $1 Dollar

In 2003, after 200 years of federal control, Governors Island was sold to the state of New York for a whopping $1. Then Govenor George Pataki literally handed a dollar bill to President Bush in front of the Statue of Liberty to seal the deal.  Negotiations between the federal government and New York lasted for about 8 years before they finally settled on $1. The island was sold with the intention that it would be used for recreational and cultural purposes.

Check out 9 other locations sold for $1 in New York City!