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Manhattan, New Developments

New York to open $1.6B life science campus in Kips Bay

By Aaron Ginsburg, Fri, October 14, 2022

A conceptual rendering of the SPARC Kips Bay campus. Courtesy: New York City Economic Development
Corporation

A $1.6 billion state-of-the-art life sciences hub will open in Kips Bay, Gov. Kathy Hochul and Mayor Eric Adams announced Thursday. Located on East 25th Street and First Avenue, the Science Park and Research Campus will provide modern facilities for 4,500 City University of New York students, as well as an ambulatory care center, a Health + Hospitals training center, a health care and sciences high school, and a training center for forensic pathologists. SPARC Kips Bay will be funded jointly by the city and state with additional private investment, according to officials.

Find out more

Cool Listings, kips bay

Photo credit: Douglas Elliman

The three-unit Kips Bay townhouse at 308 East 30th Street is 21 feet wide and beautifully renovated, from its garden apartment to landscaped rooftop deck with Empire State Building views. But the most unique thing about this home, asking $7,500,000, is definitely the heated outdoor in-ground lap pool on the back patio.

Take the pool-to-rooftop tour

Cool Listings, kips bay

All photos courtesy of Evan Joseph / Sotheby’s International Realty

Artist Rashid Johnson and his wife, fellow artist Sheree Hovsepian, are selling their brick townhouse in Kips Bay for $4,995,000. Located at 139 Lexington Avenue, the turn-of-the-century four-bedroom property measures more than 4,100 square feet across five floors. Every level boasts original details–like mantles, plaster crown moldings, and ceiling medallions–and, of course, tall ceilings and walls perfect for hanging artwork.

See inside

Cool Listings, kips bay

All photos courtesy of Compass

It’s a rare home in the middle of Manhattan that allows you to bypass the inconvenience of city parking; this brick single-family townhouse at 453 Second Avenue in Kips Bay does just that, with its own curb cut and private garage. And there’s an elevator, so you don’t even have to deal with vertical townhouse stair-climbing. Asking $4,995,000, the four-story townhouse has been given a thoroughly modern renovation from top to bottom with four bedrooms, three separate outdoor spaces, and tons of living and entertaining space.

Take the townhouse tour

affordable housing, housing lotteries, kips bay

Streetview of 325 East 25th Street; Map data © 2021 Google

Located where Gramercy Park and Kips Bay meet, the residential building at 325 East 25th Street is now accepting applications for over 50 mixed-income apartments. Designed by SLCE Architects, the nine-story tower is reopening a housing lottery for nine vacant apartments, although all eligible applicants will be placed on the waitlist for any future vacancies. New Yorkers earning 80, 120, 145, and 165 percent of the area median income can apply for the units, which range in price from $1,458/month two-bedrooms to $2,612/month one-bedrooms.

Do you qualify?

Cool Listings, Murray Hill

Listing photos by Evan Joseph

The Future Condominium at 200 East 32nd Street is located at the corner of Third Avenue, affording it a prime Kips Bay location that’s not only convenient but is just the right distance from Midtown’s landmarks for some killer views. This north-facing two-bedroom unit, currently listed for $1,750,000, overlooks the Chrysler Building and the newly completed One Vanderbilt Tower through floor-to-ceiling glass windows. It also has a south-west-facing balcony with even more views, including those of the World Trade Center.

Read more

affordable housing, housing lotteries, kips bay

Photo of Waterside Plaza via Wikimedia

Applications are currently being accepted to replenish a 150-name waitlist for middle-income units at the Waterside Plaza complex in Kips Bay. The four-tower, 1,400-unit development sits next to the East River and runs between East 26th and East 29th Streets. New Yorkers earning 130 and 160 percent of the area median income can apply for the apartments, which range from a $2,092/month studio to a $3,664/month three-bedroom.

How to apply

Cool Listings, Gramercy Park, kips bay

215 east 24th Street, kips bay, gramercy, cool listings, maisonettes, duplexes

Image courtesy of Compass; photo credit: Rise Media.

As if the building name–The Penny Lane–of this unusual home at 215 East 24th Street in Manhattan’s Kips Bay wasn’t sweet enough, the building is a former ice cream factory that was transformed into a full-service co-op. On the market for $825,000, this maisonette-style apartment is accessible through a private entrance from the street or via a full-service lobby. It’s a duplex of sorts, with loft-like proportions and an interesting layout.

See more, this way

Cool Listings, kips bay

61 Lexington Avenue Kips Bay

Here’s a top-floor, one-bedroom duplex condop at 61 Lexington Avenue in Kips Bay that’s nicely updated, bright, and pretty sizable for the price–and if you like the simplistic stlye, it’s available fully furnished. But the best part is the 300-square-foot private terrace off the master bedroom on the second floor. It boasts sweeping city views, surround sound, an outdoor TV, grill, storage shed, and built-in seating for 10 with cushion storage .

Take a look

affordable housing, housing lotteries, kips bay

Kips Bay may not be the most trendy ‘hood, but it’s just a few blocks away from bustling Nomad, all the bars in Murray Hill (if that’s your thing) and a quick walk to Grand Central. And as of today, 18 units are up for grabs through the city’s affordable housing lottery at 145 Madison Avenue, a new 21-story rental building between East 31st and 32nd Streets. The mixed-income units are reserved for those earning 30, 60, and 120 percent of the area median income and range from $580/month studios to $2,270/month one-bedrooms.

Find out if you qualify

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