Billy Lerner, CEO and President of iPark, Announces Acquisition of a New Parking Facility on Avenue of the Americas

New York, New York--(Newsfile Corp. - September 11, 2025) - Billy Lerner, CEO and President of iPark, has announced the opening of a new parking facility under its umbrella at 724-732 Avenue of the Americas in Manhattan. The new location in iPark's portfolio strengthens the company's footprint in one of the city's busiest commercial and residential districts.

Billy Lerner, CEO and President of iPark, has announced the opening of a new parking facility under its umbrella at 724-732 Avenue of the Americas

The facility will serve both the Chelsea and Flatiron neighborhoods in Manhattan, offering convenient access to Madison Square Park, the Flatiron Building, and the Fashion Institute of Technology. The acquisition is part of iPark's ongoing expansion strategy focused on securing prime locations across the city.

Upgrades to the newly acquired facility will include electric vehicle charging stations, mobile payment integration through the iPark app, and enhanced security systems. The garage will be staffed 24/7 to ensure customer access and reliability.

The facility will serve both the Chelsea and Flatiron neighborhoods in Manhattan.(Billy Lerner)

The addition of 724-732 Avenue of the Americas supports Billy Lerner's broader mission to provide modern, accessible, and sustainable parking solutions. With this acquisition, iPark continues to expand its portfolio of more than 150 facilities across Manhattan, Brooklyn, Queens, and the Bronx, further establishing its role as New York City's largest independent parking operator.

About iPark:

Founded in 1962, iPark is New York City's largest privately owned parking management company. Led by President and CEO Billy Lerner, iPark operates more than 150 facilities across the city, offering secure, reliable, and technology-forward parking solutions. The company is committed to innovation, sustainability, and delivering exceptional service to New Yorkers.

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