Kips Bay

About Kips Bay

Kips Bay, as covered here, runs from 23rd Street to 34th Street, from about Park Avenue South to the East River. Its western blocks are sometimes called Rose Hill.

Most of the neighborhood was rebuilt after World War II; about half of its homes are in buildings from 1940 to 1979. Kips Bay Plaza, two long concrete slabs designed by I. M. Pei and completed in the early 1960s, fills the blocks between 30th and 33rd Streets and First and Second Avenues.

First Avenue is lined with medical campuses, including NYU Langone and Bellevue. Second and Third Avenues have most of the shops and restaurants, and the side streets west of Third Avenue keep a number of older row houses.

Kips Bay market report

From October 2025 through September 2026, NYC Department of Finance records show 196 home sales in Kips Bay, with a median price of $788K. Half of those sales fell between $568K and $1.40M.

The total breaks down as 93 co-op sales, 100 condo sales and 3 sales of 1–3 family houses.

The overall median is down 4.7% on the previous 12 months, and the number of sales is down 28.7%.

Source: NYC Department of Finance rolling and annualized sales, October 2025 – September 2026, compared with October 2024 – September 2025. Residential sales of $100,000 or more; bulk and duplicate records removed. Recent months may be incomplete because sales appear as deeds are recorded. Area covered: NYC Planning area MN0603 south of 34th Street. Updated quarterly.

Homes in Kips Bay

Sales split about evenly between co-ops, mostly in post-war elevator buildings, and condos, which are more expensive on average. Townhouses rarely trade: there were only 3 recorded sales of 1–3 family houses in the last 12 months.

• HomesAbout 17,900 residential units
• Age27% of units are in buildings from before 1940; 8% are in buildings from 2000 or later
• Building types67% in elevator apartment buildings, 16% in walk-up apartment buildings, 15% in condominiums
• Co-op buildings41
• Condo buildings32
• Townhouses and small buildings76 (1–4 units)

Building data from NYC Department of City Planning PLUTO. Counts are approximate.

Getting around

The 6 runs along Park Avenue South and Lexington Avenue with stops at 23rd, 28th and 33rd Streets. The M15 Select Bus Service runs on First and Second Avenues, the M34 Select Bus Service crosses 34th Street, and NYC Ferry stops at the East 34th Street landing.

Stations in the neighborhood

• 33 St6

Other nearby stations

• 28 St about 6 blocks from the centre6
• 23 St-Baruch College about 9 blocks from the centre6
• 23 St about 11 blocks from the centreRW

Stations from the MTA’s station list. Plan a specific trip with the MTA trip planner.

Parks

St. Vartan Park, on First Avenue at 35th Street, and Bellevue South Park have playgrounds and courts. The Asser Levy Recreation Center and its playground are at 23rd Street by the river.

• St. Vartan Park2.8 acres
• Asser Levy Playground2.4 acres
• Bellevue South Park1.6 acres
• Vincent F. Albano Jr. Playgroundunder 1 acre

NYC Parks properties in or next to the neighborhood. Areas from NYC Parks.

School district

The Garson Team in Kips Bay

The Garson Team’s Kips Bay listings include an apartment at 200 East 27th Street, a 1965 elevator co-op, and one at 242 East 25th Street.

• 200 E 27th St, Unit 19CActive
• 242 East 25th Street, Unit 5BSold

See all current listings

Nearby neighborhoods