If you convert to monthly at that daily rate, parking costs $1550/month. If you figure your car’s share of the space in the garage is on the order of ~250 sq ft

If you convert to monthly at that daily rate, parking costs $1550/month. If you figure your car’s share of the space in the garage is on the order of ~250 sq ft (the space itself plus a portion of the lanes in the garage), that seems about inline with what studio apartment housing goes for (quick google search turned up 500 sf studios in the $2500-$3000 range) I’m just loosely estimating here but $50/day for vehicle storage seems like about what I would expect it to cost based on other land use in Manhattan. But of course none of it would be possible without a massive subsidy in the form of public road access.