Kips Bay residences
Mid-rise rental anchor between Gramercy and Murray Hill — NYU Langone's hospital corridor and the Second Avenue subway extension.
2 represented buildings. 24 residences. 13 available now. $695,000–$2,905,000.
§ About Kips Bay
The neighborhood
Kips Bay runs roughly from East 23rd to East 34th Street, Third Avenue to the East River. It is a predominantly mid-rise rental neighborhood anchored by NYU Langone Medical Center and Bellevue Hospital along First Avenue, with a rental inventory that skews toward 1960s–1990s full-service buildings and newer boutique condominiums along Second and Third.
The neighborhood's defining demographic tilt is toward medical residents, graduate students, and young professionals — a population shaped by the hospital corridor and nearby graduate schools (NYU, CUNY Baruch). The rental-to-owner ratio is higher than in adjacent Gramercy or Murray Hill.
The Second Avenue Subway's Phase 2 extension, currently in construction, will bring new Q-train stations to East 34th Street, substantially changing the neighborhood's transit profile. Current service centers on the 6 at 28th and 33rd Streets and the M15 Select Bus Service along First and Second Avenues.
Transit
- 6 at 28th/33rd
- M15 SBS along 1st/2nd Av
- 4/5/6/L/N/Q/R/W at Union Sq (walkable)
Landmarks
- NYU Langone Medical Center
- Bellevue Hospital
- Kips Bay Plaza (I.M. Pei, 1963)
- East River greenway
Character
- Hospital-corridor rental inventory
- Mid-rise residential dominance
- Graduate-student demographic tilt
- Second Avenue Subway Phase 2 in construction
Layouts represented
Studio · 1 bd · 2 bd
§ Represented
Buildings in Kips Bay
§ FAQ
Kips Bay questions
- Is Kips Bay a good neighborhood for young professionals?
- Kips Bay's high rental inventory, relative affordability compared to Gramercy and Murray Hill, and proximity to major graduate schools and the NYU hospital corridor make it a common choice for young professionals and medical residents. The neighborhood is quieter than neighboring Murray Hill nightlife districts, which residents often cite as a benefit.
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