The parking violations add up to more than 7.4 million tickets, costing a total of 466 million dollars as of June 2013.
SpotHero co-founder Jeremy Smith said that about 46 percent of Manhattanites own cars, and there are 1,000 garages in Manhattan alone and even then 30 percent of spots are unused even during peak times, New York Post reports.
According to the report, the firm is working with 100 garages to help sell inventory and drivers can compare the parking prices throughout the city.
Smith said that SpotHero takes a small commission on each parking-spot transaction and drivers will never pay higher than the drive-up rate and also be able to get 40-50 percent discount on rates in many cases.
The report said that the median price for a spot is between 39 dollars and 44 dollars for one day, but there are also a number of options that are around 18 dollars-a-day.