$970,057Average Value$233Average Price per Sq Ft1Home 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 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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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.
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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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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.
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 11 days on the market compared to the national average of 70 days. The median sale price for homes in Kips Bay, Manhattan over the last 12 months is $530,000.
Sunny and quiet top floor alcove studio/ junior 1 bedroom in an elevator building! Perfect as your primary residence, pied e terre or investment.Upon entering the foyer you have two closets and the partially open kitchen with premium maple cabinets, black granite counter tops, and stone flooring. The large living/dining room has room for a desk and the bedroom area has 2 more closets.
Kips Bay Studio with Ample Closets and Renovated Kitchen! Apartment 4K is a spacious studio home with a smart and functional layout! Upon entry, you are welcomed by an extended hallway with a dedicated dressing area and a well-appointed bathroom off to the side. The space opens into a bright and airy living/sleeping area, large enough to accommodate bedroom furniture, a full-sized
Discover this Loft 1 Bedroom abode in the sought-after Penny Lane Coop, nestled in the Gramercy Park neighborhood of Manhattan. The residence boasts a fully-equipped kitchen with a dishwasher. A generous foyer features a sizable closet and dining space. The living room, brightened by oversized windows, offers a Southern exposure and includes a quaint Juliet balcony. Ascend to the
Sunrise to Moonlight - Your Elevated Oasis Awaits Move right into this bright, high-floor, oversized alcove studio with sweeping open east 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 Kraft maid custom cabinetry, quartz countertops, Converto
Elegant and Expansive Corner Two-Bedroom, Two-Bath Residence - Rare C-Line Offering Oversized Two BedroomTwo BathroomElegant and Expansive Corner Two-Bedroom, Two-Bath Residence - Rare C-Line OfferingIntroducing a rarely available 1,100 square foot C-line corner two-bedroom, two-bathroom home, offering an abundance of natural light through 11 oversized windows and a gracious,
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
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
Welcome to your urban sanctuary at 245 E 24th St in vibrant Manhattan! Inside, you'll find a spacious convertible 1 BR with an open northern view. The kitchen features a breakfast bar and elegant finishes, ideal for both entertaining and everyday living. The generous layout and storage space accommodates a dining area or home office, a large living space, and a separate sleeping area easily
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.
