GGMC Parking

What GGMC Parking does

GGMC Parking, LLC operates a portfolio of more than 45 parking garages across Manhattan, Brooklyn, and Queens under family ownership since 1957. The company, founded by Semone Grossman, generates revenue through three primary streams: (1) transaction-based hourly, daily, and special-rate parking fees that vary widely by location, time of day, and vehicle type — with Manhattan rates ranging from approximately $10 to $80 per visit; (2) recurring monthly parking subscriptions priced via phone-based quoting; and (3) usage-based electric vehicle charging fees via Tesla and standard chargers deployed across 16 Tesla-equipped locations.

The underlying service infrastructure consists of physical garage facilities enhanced with 24-hour surveillance and security cameras, EV charging hardware, and a QR-code-based digital loyalty program offering 30% discounts at more than 40 facilities. On the B2B side, GGMC positions itself as a property management partner for luxury cooperatives, condominiums, hospitals, malls, museums, and hotels, emphasizing aesthetic differentiation through its signature 'Art-Garage' interiors featuring custom artwork and architectural facades.

The go-to-market model is dual-channel: a direct-to-consumer motion via physical garage locations and phone/online inquiries for monthly parking, combined with a sales-led B2B motion targeting property owners. Revenue mechanics are largely commodity-like (per-hour and per-month parking fees), but the company layers intangible differentiation through brand, trained staff, and facility aesthetics. There is no evidence of external funding, AI/ML deployment, or technology-platform revenue; the business operates as a traditional physical-asset parking operator with selective modern enhancements (EV charging, digital loyalty).

Name

GGMC Parking

Legal name

GGMC Parking, LLC

Website

https://ggmcparking.com

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

GGMC Parking operates over 45 parking garages across Manhattan, Brooklyn, and Queens, offering hourly, daily, and monthly parking plus EV charging. The family-owned company, founded in 1957, serves both individual drivers and B2B property owners including luxury residential buildings, hospitals, malls, museums, and hotels.

Ownership category

akta.pro rank

Product category

Parking Facility Operations

NAICS

Parking Lots and Garages (812930), Parking Lots and Garages (81293)

SIC

Services-Automotive Repair, Services & Parking (7500)

akta.pro primary industry

Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB)

akta.pro secondary industries

Parking Facility Operations (Garages, Lots, On-/Off-Street) (BPABAKAA), Parking Guidance, Wayfinding & Occupancy Management (Sensors, Signage) (BPABAKAH), Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD)

Keywords

• Parking garage operations
• Monthly parking services
• EV charging stations
• Property management services
• Parking facility management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Transaction-based Parking Fees: Hourly, daily, and special rate parking fees charged at point of service. Rates vary by location, time of day, and vehicle type (standard, oversized, luxury, electric).
2. Monthly Parking Subscriptions: Recurring monthly fees for dedicated parking spaces at specific garage locations. Contact-based pricing requiring phone inquiries for quotes.
3. Electric Vehicle Charging Fees: Additional fees applied for electric vehicle charging services at designated parking facilities. Tesla and standard charging stations available.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

GGMC Parking operates more than 45 physical parking garages across Manhattan, Brooklyn, and Queens, providing hourly, daily, and monthly parking services to individual drivers. The company also runs parking facilities on behalf of property owners and offers a Go Green electric vehicle charging service and a 30%-discount loyalty program, with continuous 24-hour surveillance and art-themed interiors as service differentiators.

Product overview

GGMC Parking operates a portfolio of over 45 parking garages across Manhattan, Brooklyn, and Queens in New York City. The core offering centers on monthly parking subscriptions and a loyalty program providing 30% discounts at designated locations. Supporting services include Go Green electric charging (Tesla and standard EV chargers), property owner management services, and an online parking locator. The company positions itself as a premium parking operator emphasizing hands-on service, aesthetic garage interiors featuring artwork, 24-hour security, and family-owned operations since 1957.

Differentiator

Problem solved

Functional benefit

Products and services

• Monthly Parking Monthly parking subscription service providing dedicated parking spaces at GGMC garage locations throughout Manhattan, Brooklyn, and Queens, with eligibility requiring monthly account holders in good standing.
• Loyalty Program A membership program offering monthly parking customers a 30% discount on all day, evening, and weekend parking rates at over 40 designated parking facilities across Manhattan and Brooklyn; digital QR code in online accounts or $25 physical card.
• Go Green Electric Vehicle Charging Electric vehicle charging service providing access to both Tesla-specific chargers and standard electric chargers at 16 Tesla-equipped locations and multiple standard EV charging locations throughout GGMC's NYC garage network.
• Property Owners Management Services Professional parking operator services for property owners including quality garage maintenance, 24-hour surveillance, security, and aesthetic enhancements to complement property appearance, enhance marketability, and protect the financial value of the underlying real estate asset.
• Hourly and Daily Parking Hourly and daily walk-up parking at more than 45 GGMC garage locations across Manhattan, Brooklyn, and Queens, with rates varying by location, time of day, and vehicle type, plus Early Bird, Night Special, Weekend Special, and Evening Special rate tiers.

Quantifiable outcome

• 30% discount on parking rates for loyalty program members at over 40 facilities
• +1 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Icon Parking: Icon Parking is a major NYC-based parking operator with a comparable footprint across Manhattan and surrounding boroughs, offering hourly, daily, and monthly parking through a similar service-and-security-led model and loyalty program — directly competing with GGMC for the same luxury residential, commercial, and consumer demand.
• Propark Mobility: Propark Mobility is a privately held parking operator providing valet, self-park, and shuttle management for hotels, hospitals, residential, and mixed-use properties — closely matching GGMC's B2B property-owner services offering and target verticals.
• Premium Parking: Premium Parking is a full-service parking operator providing management, technology, and creative placemaking services for clients across the US, including hospitality and mixed-use properties. Comparable to GGMC in service-led management positioning and aesthetic differentiation of garage environments.
• Quik Park: Quik Park is a Manhattan-focused parking operator providing monthly, hourly, and event parking across NYC. It is comparable to GGMC in scale, geographic focus, customer mix (luxury residential, commercial, consumer), and service-driven positioning.

Broad incumbents

• SP+ (Standard Parking): SP+ is one of the largest North American parking facility operators, providing management, maintenance, and operator services across thousands of locations including NYC. It competes for the same property owner management contracts GGMC targets but operates at far broader geographic and scale.
• LAZ Parking: LAZ Parking is a top-tier US parking management company operating hundreds of garages and lots nationwide, including significant NYC presence. It is comparable as a full-service operator competing for hospital, hotel, and commercial property management mandates of the type GGMC holds.
• Imperial Parking Systems (Impark): Impark is a large North American parking management company operating thousands of parking facilities, including across the Northeast US. Comparable to GGMC as a manager-operator of third-party-owned parking real estate in dense urban markets.
• ABM Industries: ABM Industries is a large facilities services company whose parking segment competes for the same commercial, healthcare, and hospitality property management contracts GGMC serves, though as part of a much broader janitorial and building services portfolio.

Emerging players

• SpotHero: SpotHero is a digital parking marketplace that aggregates inventory from operators including NYC garages. It is comparable as a layer that interacts with GGMC's parking inventory (potentially as a channel) but also represents a disintermediation threat to traditional operators' direct customer relationships.

Regional players

• Spot On Park & Garage Co. A regional NYC-area parking operator offering garage management and monthly parking services. Comparable to GGMC as a local operator sharing the same NYC submarkets and competing for individual consumer and property owner demand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GGMC Parking