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Parking Rates in Manhattan
- Spots in Manhattan can cost as high as $200,000. Rates can be even higher for new developments downtown.
- Hourly rates range from $1.25 to $7.50.
Monthly Parking Costs
- Monthly prices for a garage or valet spot in Midtown Manhattan start at $443. An average parking spot in Manhattan can cost you an extra $570 a month.
- 10×10 spaces are the most popular monthly rentals in Manhattan. The cheapest were $520, $4,000, and $4,999 last 24 hours.
- Neighborhood monthly prices:
- Midtown Manhattan: $450 – $650
- East Village: $300 – $600
- Harlem: $400 – $750
- East Harlem: $200 – $500
Profitability of Parking Lots
- Parking lots can be a very profitable niche within real estate, but potentially a risky one.
Special Parking Services
- ParkRoll offers hassle-free, pre-booked parking with specials like 15% off daily rates.
Most Expensive Parking Spot
- The private garage at 66 E. 11th Street in Manhattan is the city’s first million-dollar parking spot.
Additional Information
- SpotHero offers parking options near your home or work in Manhattan, Brooklyn, and Queens with self-park or valet.