Kips Bay, named after a Dutchman from the 1600s who operated farmland in the area, is a rare neighborhood where Manhattanites embrace their proximity to the water. Many condo and co-op buildings have views of the East River and Brooklyn and Queens skylines, and a waterfront path offers exercise for walkers and cyclists. With slightly lower prices than neighboring Gramercy Park, and immediate access to NYU Langone medical center, Kips Bay is a sensible place to live. “The greatest thing about being here is that you’re obviously in Manhattan, but it’s a little quieter,” says Risa Morley, a Kips Bay resident who’s been selling real estate for 10 years. “We’re really central, but we’re tucked away.”
The river view from Kips Bay are one of a kind.
Row houses/apartments are common in Kips Bay.
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Co-ops under $700,000 with East River view upgrades
Many prewar low-rises and several townhouses remain on the tree-lined side streets of Kips Bay. In the 1960s and ‘70s, high-rise development added substantial housing to the avenues – such as the Kips Bay Towers, designed by I.M. Pei. The Hendrix House, a 12-story condo tower at 25th Street and Second Avenue, will combine luxury amenities with a dedicated home office area inside every unit. Studio-sized co-ops in the neighborhood, often with extra alcoves, start at $500,000. One-bedrooms begin at $700,000, and large two-bedrooms go for $1.6 to $1.9 million. Condos range between $1 million and $4 million, and deliver views of the Midtown skyline or the East River.
Welcome to Kips Bay in New York City.
Kips Bay Towers is one of the popular housing options in Kips Bay.
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Compact parks and miles of riverfront
St. Vartan Park packs a ton of amenities — including a baseball and football field — into a compact space. Bellevue South Park has more playgrounds and basketball courts, and the pocket-sized Vincent F. Albano, Jr. Playground gives kids another spot to run and climb. Madison Square Park, a 10-minute walk from the center of Kips Bay, has room to stroll, although it’s more convenient to walk or bike on the East River Greenway.
Madison Square Park is a 10-minute walk from Kips Bay.
Local residents of Kips Bay stay in shape all year at St Vartan's Park.
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Limited public schools and an outstanding IB program
Kips Bay has two public options for preschool through fifth grade: P.S. 116 Mary Lindley Murray and P.S. 281 The River School, both with A grades from Niche. The private United Nations International School offers an International Baccalaureate education for preschool through 12th grade, and Baruch and NYU’s dentistry school bring college students to the area.
Kips Bay's PS 116 offers a nurturing environment for future leaders.
Igniting young minds at The River School, Murray Hill.
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Local subway and interborough ferries
The 6 train is the only subway that’s within walking distance from Kips Bay. A few buses service the area, and two ferry stops — at Stuyvesant Town Landing and 34th Street — take residents to Wall Street and over to Brooklyn and Queens. For $195, busy New Yorkers can helicopter from the 34th Street helipad to reach JFK or Newark airports in five minutes.
The ferry landing in Kips Bay provides service to all of New York City.
The 6 Train serves Kips Bay and the east side of Manhattan.
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A low-key food scene with pizza, margaritas and knishes
“I’ve lived in Kips Bay for 24 years, and the restaurant choices have raised the bar so much here,” Morley says. Mexico Lindo has been turning out fajitas and margaritas since 1972, and 2nd Ave Deli is a local institution for kosher noshes. Vezzo makes authentic thin crust pizza, and Surreal Creamery is a favorite for over-the-top desserts. Dover Street Market is a destination for high-end clothing, and for groceries, there’s Trader Joe’s and Fairway Market. The AMC movie theater is also less crowded than the cineplexes one mile away in Union Square.
Vezzo in Kips Bay is known for its thin crust pizza.
2nd Avenue Deli is an eatery with deep roots in Kips Bay.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Neal Young,
an experienced agent in this neighborhood.
Parks in this Area
Peter's Field
Basketball
Multi-Purpose Field
Vincent F Albano Jr Playground
Playground
East River Esplanade - Delancey St
Trails
River
St. Vartan Park
Baseball/Softball
Basketball
Football
Bellevue South Park
Basketball
Dog Park
Volleyball
Asser Levy Playground
Transit
Airport
Laguardia
18 min drive
Bus
3 Av & E 31 St
Bus
2 Av & E 28 St
Bus
Waterside & Waterside 2
Bus
1 Av & E 27 St
Bus
1 Av & E 28 St
Bus
Waterside & Waterside
Bus
2 Av & E 31 St
Reviews
Niche Reviews
3.913 Reviews
1.0Current Resident
12/13/2019Niche Review
Hospitals everywhere. Too much traffic and no good stores. No highly priced apartments. Too much of an urban feel . It honestly is bad!!!!!!!!!
5.0Current Resident
12/10/2021Niche Review
I love this neighborhood. Excellent affordability/ quality of life ratio. Area west to the 3rd avenue is very safe and full of nightlife and dining options. East to 2nd Ave is mostly hospitals snd NYU research centers, not that nice at night but still safe. Plenty of new developments along 23rd street and 3rd ave.
3.0Niche User
6/8/2016Niche Review
I feel very safe in my area, I never get rattled.
5.0Current Resident
7/1/2020Niche Review
Kips Bay is a quiet and affordable neighborhood in Manhattan just east of the Flatiron Building. I've lived in my current apartment for 3 years and while the pandemic has definitely made the neighborhood a little rougher, it's still one of my favorite places in New York City. There are ample restaurants and bars to choose from, and it's convenient to a few different trains and busses.
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Crime and Safety
1 - Low Crime, 10 - High Crime
Kips Bay
US
Homicide
2
4
Sexual Assault
4
4
Assault with Weapon
3
4
Robbery
4
4
Burglary
3
4
Motor Vehicle Theft
1
4
Larceny
3
4
Crime Score
3
4
Source: WhatIsMyCrimeRisk.com
Kips Bay Demographics and Home Trends
On average, homes in Kips Bay, Manhattan sell after 120 days on the market compared to the national average of 49 days. The median sale price for homes in Kips Bay, Manhattan over the last 12 months is $765,000, up 9% from the median home sale price over the previous 12 months.
Loft-Style Corner One Bedroom with Flexible Layout - Easily Convertible to a Two Bedroom. This unique, architecturally designed residence offers an expansive, move-in ready layout with the feel of a loft. The oversized living room features both west and north exposures, providing abundant natural light and open north city views - including the Empire State Building. Its generous
Sunrise to Moonlight - Your Elevated Oasis Awaits Move right into this bright, high-floor, oversized alcove studio with sweeping open east-facing city views. Bathed in natural light by day and glowing city lights by night, this beautifully renovated home is easily convertible to a junior one-bedroom. The sleek, modern kitchen features maple cabinetry, quartz countertops, and
PRICED TO SELL – ALL-CASH OFFERS ENCOURAGED248 East 33rd Street will be delivered vacant and sold AS-IS. This 17-foot-wide multi-family townhouse on a tree-lined block the borders Kips Bay & Murray Hill features an owner’s triplex with two private outdoor spaces and two fully renovated one-bedroom units, each with outdoor access. The triplex includes 3 bedrooms, 3.5 baths, a windowed kitchen and
LIFE JUST GOT BETTER!242 East 25th Street Unit 5B is a spacious South facing one bedroom/one bathroom apartment with floor to ceiling windows.. An open, modern chef's kitchen is outfitted with Stainless Steel appliances, Granite countertops and glass tile backsplash. A large breakfast bar opens to a generous living room which offers ample space for an additional dining area for both entertaining
***SPONSOR SALE NO BOARD APPROVAL*** INVESTORS FRIENDLY*** Perfect for homebuyers and investors alike, this turnkey one-bedroom, one-bathroom co-op delivers impressive living space, great storage and a fantastic location in the heart of Kips Bay. A spacious foyer invites you into this bright and airy home paved with beautiful hardwood floors. The oversized living room provides a generous
Perched on a high floor with rare, wide-open western views, this beautifully renovated alcove studio is a true standout — bathed in natural light all day and offering exceptional flexibility of space. The expansive layout includes a generous sleeping alcove that easily fits a queen-sized bed and can be enclosed to create a true Junior 1-bedroom. The open living area is framed by skyline views and
Rent your way with new flexible lease terms from eight to twenty-four months, plus reduced security deposits (as low as $1,000) for qualified applicants.Rising tall above Manhattan's East Side, Kips Bay Court offers studio, 1, 2, 3, and 4-bedroom apartments perfectly situated for convenient living. Anytime day or night, this eight-building, pet-friendly, 24/7 concierge-attended community
AVAILABLE 7/11Renovated Duplex Two Bedroom with 1.5 Bathrooms & In-Unit Washer/Dryer!Welcome to this spectacular 2-bedroom duplex located on a charming tree-lined block on East 27th Street between 2nd and 3rd Avenues, where Gramercy, Kips Bay, and Murray Hill meet.No expense was spared in this gut-renovated home, which features top-of-the-line finishes and modern
The advertised rate of $4,050/month is the lowest available price, based on a 1 month(s) and 27 day(s) stay with a move-in date of January 1, 2026. If you’re looking for a 1-year stay, the rate is $4,620/month.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing, please visit our website and enter your desired move-in and move-out dates.Additional
Interested in learning more about homes in this area?
Reach out to
Neal Young,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
23,364
Median Age
36
Population Density
140 ppl/acre
Population under 18
15.9%
Below the national average
23.8%
Population over 65
17.1%
On par with the national average
19.1%
Finances
Median Household Income
$97,414
Significantly above the national average
$71,702
Average Household Income
$126,578
Education and Workforce
High School Graduates
96%
College Graduates
74.2%
Significantly above the national average
34.1%
Advanced Degrees
37.4%
Above the national average
13.3%
% Population in Labor Force
66%
Weather
Annual Precipitation
50''
Average Winter Low Temperature
28°F
Average Summer High Temperature
85°F
Annual Snowfall
18''
Area Factors
Biker's Paradise
Bike Score®
90/ 100
Walker's Paradise
Walk Score®
98/ 100
Rider's Paradise
Transit Score®
100/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
