Imperial Parking Systems

What Imperial Parking Systems does

Imperial Parking Systems, doing business as iPark, is a privately held New York City parking operator founded in 1960 from a single 25-car lot and now running an estimated 100-150+ facilities across Manhattan, Brooklyn, The Bronx, and Queens. The company provides daily and monthly parking, valet services, EV charging at 65+ locations, and dedicated commercial parking programs for businesses, serving individual commuters, daily parkers, residents, and corporate clients in the NYC metro area.

The core technology is a parking reservation platform accessed via the iPark website and a native iOS/Android mobile app, which offers real-time availability search, prepaid reservations, dynamic pricing, email/SMS confirmations, and account management. The system integrates with DirectBiller for automated monthly billing and supports loyalty enrollment (iPark Rewards) and a tiered discount product (Preferred Monthly Card). Operational features include oversized-vehicle surcharges and valet-operated EV charging stations across multiple hardware vendors (Tesla, Blink, ClipperCreek, Livingston).

iPark monetizes through three primary streams: (1) prepaid daily reservation transactions at rates of $8-$55+ depending on location and duration; (2) recurring monthly subscriptions starting at $169 plus tax, with unlimited in/out privileges and tiered pricing from $300 to $1,200+ across NYC garages; and (3) usage-based EV charging fees and commercial accounts with dedicated account management. Go-to-market is primarily self-serve through digital channels (website, mobile app, SEO, email), supplemented by an inside-sales motion for monthly parking (phone/email) and a direct-sales motion for commercial accounts. The company is privately held with no disclosed investors, parent entity, or revenue.

Name

Imperial Parking Systems

Legal name

Imperial Parking Systems

Website

https://ipark.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

1–10 employees

Short description

iPark is a privately held New York City parking operator running 100-150+ facilities across Manhattan, Brooklyn, The Bronx, and Queens, offering daily and monthly reservations, valet parking, commercial accounts, and EV charging to commuters, residents, and corporate clients.

Ownership category

akta.pro rank

Product category

Parking Management Services

NAICS

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 Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD), Valet Parking Services (BPABAKAC), Corporate Parking & Curb Management (Permits, Allocation, Validation) (TLABALAJ), Permitting, Validation & Credential Programs (Permits, Passes, Validations) (BPABAKAL)

Keywords

• Parking management services
• Monthly parking subscriptions
• Daily parking reservations
• Commercial parking accounts
• EV charging stations

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Daily Parking Reservations: Prepaid online reservations for daily parking at iPark facilities. Customers book and pay in advance through the website or app. Rates vary by location, duration, and vehicle type (regular, SUV, large SUV).
2. Monthly Parking Subscriptions: Recurring monthly parking contracts at over 120 locations across NYC. Rates start at $169 plus tax. Includes unlimited in/out privileges and benefits like 50% off daily rates with Preferred Monthly Card.
3. Commercial Accounts: Corporate parking programs for businesses to provide employee or client parking. Offers shared spots, flexible billing options, and dedicated account management.
4. EV Charging Services: Electric vehicle charging stations at over 65 locations. Fees for charging are paid separately on-site and are not included in parking reservation prices.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Imperial Parking Systems, operating as iPark, manages a network of 100+ parking facilities across NYC (Manhattan, Brooklyn, The Bronx, Queens) and sells parking access through prepaid daily reservations, recurring monthly subscriptions, and commercial parking accounts for businesses. Customers can search for availability and book through the iPark website or iOS/Android apps, while 65+ facilities also offer EV charging via Tesla Superchargers and other providers. The company monetizes through transaction-based daily parking fees, monthly subscription contracts, and the iPark Rewards loyalty program.

Product overview

iPark (formerly Imperial Parking Systems) operates a parking management platform with over 100 parking facilities across the New York metro area. The core offering consists of the iPark App and website for searching, reserving, and paying for parking. The product portfolio includes Daily Parking Reservations for short-term needs, Monthly Parking subscriptions starting at $169, the Preferred Monthly Card add-on for 50% discounts at 100+ locations, Commercial Accounts for business solutions, and Go Green EV Charging at 65+ facilities with Tesla and universal chargers. The iPark Rewards loyalty program enables customers to earn points for free parking. The company was founded over 60 years ago and has grown from a single 25-car lot to one of the largest parking networks in NYC.

Differentiator

Problem solved

Functional benefit

Products and services

• Daily Parking Reservations Prepaid short-term parking reservations at iPark facilities across NYC, with online rates typically lower than drive-up rates. Available 24/7 for bookings from minutes to 90 days in advance via website and mobile app.
• Monthly Parking Monthly subscription parking at over 120 NYC iPark locations with unlimited in/out privileges, rates starting at $169 plus tax, online account management, and automated monthly payments via DirectBiller.
• Preferred Monthly Card Exclusive add-on membership for monthly parking customers that provides 50% off daily parking rates at 100+ iPark garages, with a one-time $5 activation fee.
• iPark Rewards Loyalty program where members earn 1 point per reservation and redeem 10 points for a free parking visit up to 24 hours, with stored payment and vehicle information enabling faster checkout.
• Commercial Accounts Corporate parking program for NYC businesses that provides employee and client parking through shared spots, flexible billing options, and dedicated account management.
• Go Green EV Charging Electric vehicle charging stations at 65+ iPark facilities in NYC, including Tesla Superchargers and universal chargers from Blink, Livingston, and ClipperCreek. Charging fees are billed separately from parking reservations.
• iPark App Mobile application for iOS and Android enabling parking search, comparison, reservation, iPark Rewards management, and payment at NYC iPark facilities.

Quantifiable outcome

• Earn 1 free parking visit (up to 24 hours) for every 10 reservations through iPark Rewards
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• TeslacoreTechnology or IntegrationiPark has partnered with Tesla to provide Tesla Supercharger stations at select iPark locations. The partnership offers Tesla owners valet-operated charging with $100/month subscription or $3/hour usage rates. Tesla branding is featured at participating locations.
• Car Charging, Inc. (Blink)coreTechnology or IntegrationiPark partnered with Car Charging, Inc. to provide Blink EV charging stations across multiple iPark facilities. The partnership enables valet-operated car-charging stations for customers with electric vehicles.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Icon Parking: Direct NYC competitor operating a large portfolio of parking garages and monthly parking programs across Manhattan and the outer boroughs with overlapping online booking and valet offerings.

Broad incumbents

• LAZ Parking: One of the largest privately held parking operators in North America; offers managed parking, valet, and monthly programs that overlap directly with iPark's services, especially in NYC.
• Propark Mobility: Full-service parking management and mobility company offering valet, self-park, and monthly programs across the U.S.; comparable on operations, EV charging integrations, and commercial accounts.
• SP+ Corporation: National parking management, real estate, and mobility company with a significant NYC footprint providing managed garages, monthly parking, and digital reservations comparable to iPark's core offering.
• ABM Industries (ABM Parking Services): Large facility services company whose parking segment provides managed parking, shuttle, and EV charging for commercial and municipal clients; adjacent competitor in the same end-customer RFP pool.
• Impark: North American parking operator with a similar mix of monthly parking, valet, and EV charging across urban markets; useful comparable for unit economics and operating model.

Emerging players

• SpotHero: Tech-driven parking marketplace aggregating third-party inventory (including NYC garages) for online booking; competes for the same drivers and competes against iPark's direct booking channel for share-of-wallet.
• Metropolis Technologies: Computer-vision-driven parking access and payment platform deployed at urban garages including NYC; competes on the PARCS/payment layer that powers iPark's online and on-site experience.
• Arrive (formerly ParkWhiz): Digital parking reservation platform and infrastructure provider serving drivers and operators in NYC; operates in the same booking funnel as iPark's app and web properties.

Regional players

• City Parking NY: NYC-focused parking operator running a portfolio of garages and monthly parking programs in Manhattan; direct competitor for the same high-demand commuter corridors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/imperialparking
• Facebookfacebook.com/606293799431302
• LinkedInlinkedin.com/company/570784

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Imperial Parking Systems