Kips Bay
Kips Bay sits between Murray Hill and Gramercy along the eastern 20s and 30s, dominated by postwar towers and the medical corridor around NYU Langone and Bellevue. The inventory is practical — efficient layouts, full-service buildings, few pre-war holdouts — and much of the buyer pool is affiliated with the hospitals. That employment base gives it steady demand: closings run tighter to ask than the Manhattan norm despite Midtown's softer conditions. Apartments are small and among the cheapest in Manhattan to carry.
What the index shows for Kips Bay
Median condominium price per square foot and cooperative price per room, with the change over the past year and since 2022 and 2016. Condos are measured by the foot, co-ops by the room.
Medians of recorded, index-eligible sales — each figure carries the mix of what happened to trade, not the like-for-like change of a single apartment. Compiled by The Roebling Team at Compass from public records. Figures are indicative, not an appraisal.
How Kips Bay clears
What closings across Kips Bay look like at the table, shown against the Manhattan baseline so each figure reads as a comparison.
- Typical closing vs asking price
- −2.7%
- Share selling above ask
- 11%
- Monthly charges
- $1,768
- Median rooms
- 3.0
Buildings in Kips Bay
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