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Kips Bay

Kips Bay

3.9
$966,634 Average Value
$1,580 Average Price per Sq Ft
120 Homes For Sale

A riverfront walkway and minutes from Midtown

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 the skylines of Brooklyn and Queens, 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 is one of a kind.
The river view from Kips Bay is one of a kind.
Row houses and apartments are common in Kips Bay.
Row houses and 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.
Welcome to Kips Bay in New York City.
Kips Bay Towers is one of the popular housing options in Kips Bay.
Kips Bay Towers is one of the popular housing options in Kips Bay.
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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.
Vezzo in Kips Bay is known for its thin crust pizza.
2nd Avenue Deli is an eatery with deep roots in Kips Bay.
2nd Avenue Deli is an eatery with deep roots in Kips Bay.
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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 serve 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 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.
The 6 Train serves Kips Bay and the east side of Manhattan.
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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.
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.
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.
Kips Bay's PS 116 offers a nurturing environment for future leaders.
Igniting young minds at The River School, Murray Hill.
Igniting young minds at The River School, Murray Hill.
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Niv Rozenberg
Written By
Niv Rozenberg
Leon Cato
Photography Contributed By
Leon Cato
Tyler Newbold
Video By
Tyler Newbold

Agents Specializing in this Area

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Schools

Source:
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

Parks in this Area

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
3.9 13 Reviews
3.0 Niche User
6/8/2016 Niche Review
It's very nice and very comfortable.
1.0 Current Resident
12/13/2019 Niche Review
Hospitals everywhere. Too much traffic and no good stores. No highly priced apartments. Too much of an urban feel . It honestly is bad!!!!!!!!!
4.0 Works here
9/21/2017 Niche Review
Kips Bay is a fast-paced environment with loads of diversity. You can meet people from all over the world.Literally.
5.0 Current Resident
7/1/2020 Niche 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.
Are you familiar with the Kips Bay neighborhood? to let others know what life in this neighborhood is like.

Crime and Safety

1 - Low Crime, 10 - High Crime Kips Bay US
Homicide 5 4
Sexual Assault 4 4
Assault with Weapon 4 4
Robbery 3 4
Burglary 4 4
Motor Vehicle Theft 4 4
Larceny 2 4
Crime Score 2 4

Source: WhatIsMyCrimeRisk.com

Neighborhood Facts

Number of Homes
1,944
Number of Homes for Sale
120
Median Year Built
1964
Months of Supply
6.60
Average Single Family Home Size Sq Ft
1,051
Significantly below the national average
1,932
Average Townhouse Size Sq Ft
549
Average 2 Bedroom Size Sq Ft
1,093
Average 1 Bedroom Size Sq Ft
733
Average Studio Size Sq Ft
531

Open Houses

  • Friday, May 22
    8am - 8pm

    200 E 27th St Unit 12N, New York, NY 10016

    $515,000

    • 1 Bath
    • 200 E 27th St
    • Unit 12N

    High Floor Alcove Studio with High Ceilings and Open Views Spacious and Sun-flooded Alcove Studio with Open Views! Gain an extra 6" of Ceiling Height on this top floor and clear views over the neighboring buildings across the street. Open Blue skies and cityscape draw your eye to the panorama that includes a sight of the Empire State Building (an equally gorgeous view at night!)

    Agent Photo
    Jessica Cohen
    Brown Harris Stevens Residential Sales LLC
    (877) 592-2943
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  • Sunday, May 24
    1:30 - 2pm

    305 E 24th St Unit 19D, New York, NY 10010

    $849,000

    • 1 Bed
    • 1 Bath
    • 305 E 24th St
    • Unit 19D

    READY TO MOVE-IN. Residence 19D, located on a high floor, is a move-in ready one-bedroom home offering excellent natural light and iconic skyline views, including the Empire State Building and the Chrysler Building. The apartment features a bright and spacious living and dining area with beautiful wood flooring and an easy, functional layout. The kitchen is thoughtfully designed with sleek

    Agent Photo
    Severine Picquet
    AM GLOBAL CONSULTING LLC
    (855) 786-2249
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  • Sunday, May 24
    11am - 12:30pm

    330 3rd Ave Unit 8K, New York, NY 10010

    $415,000

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • 330 3rd Ave
    • Unit 8K

    Peaceful, Renovated Corner Studio with Chrysler Building Views This move-in-ready gem can easily convert to a junior one-bedroom. The wide galley kitchen features maple cabinetry, white quartz countertops, and full-size appliances. The spa-like windowed bathroom offers a soaking tub and modern fixtures. A dedicated dressing area includes a double-deep closet and additional storage

    Andrew Saracino Brown Harris Stevens Residential Sales LLC

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Condo Buildings

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Rental Home Trends

Number of Homes for Rent
88
Median Rent
$4,910
Median Single Family Home Rent
$5,275
Median 3 Bedroom Single Family Home Rent
$6,800
Median Townhouse Rent
$3,375
Median 3 Bedroom Townhouse Rent
$6,000
Median Condo Rent
$4,660
Median 2 Bedroom Condo Rent
$5,295

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
Above the national average
$79,597
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

Exceptionally friendly

Bikeability®

90 / 100

Exceptionally friendly

Walkability®

100 / 100

Exceptionally friendly

Transit®

100 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Nearby Neighborhoods

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.
NEIGHBORHOOD
Kips Bay