Yes, because when you factor in the cost of transit and the schedules its either cheaper or the same to drive in dollar terms or way cheaper in terms of time.
Everyone gushes about how awesome transit is, but that’s only true for a few areas of Manhattan and Brooklyn. If you need to take a trip that isn’t in the happy path, a car is way better.
Uber gets me from the Upper East Side to LGA in 20-25 minutes. Public transit takes over an hour, requires changing from bus to train to train to train.
It's a steal. We're talking about Manhattan, there aren't many corners of the world where rents and land values are higher.
I used to pay $200 for my car per month at a garage. Not bad considering that a NJ monthly pass for me would have been over $400.