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?
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.
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
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
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
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
This mid-19th century townhouse in Manhattan’s often overlooked neighborhood of Kips Bay might be a dime a dozen in a Brooklyn neighborhood like Cobble Hill. But in Midtown it’s asking $4.3 million and it looks as cute as a button somehow. This four-story-plus-cellar Greek Revival-style (officially) three-family home sits on a pretty tree-lined residential street. At 18-inches wide its well-maintained and fetching façade is highlighted by custom contrasting shutters.
Tour the townhouse
Located in a boutique 1931 Bing & Bing co-op in Kip’s Bay, a renovated one-bedroom pad has hit the market for $799,000. The light-filled apartment at 140 East 28th Street boasts charming pre-war details like a wood-burning fireplace, arched entry, beamed ceilings, and a classic layout that efficiently separates dining and entertainment areas.
, Mon, September 12, 2016
NYC’s Housing Connect has announced today that it will re-open its waiting list for Henry Phipps Plaza South, an affordable residence located at 330 East 26th Street in the heart of Kips Bay. The 14-story post-war building boasts a total of 407 units and was developed under the Federal housing financing program. As such, 290 of the units have been reserved for New Yorkers earning less than 50 percent of the area median income, and residents of this building will pay no more than 30 percent of their adjusted income on rent.
Income requirements and offers this way
We’ve been hearing a lot recently about the city’s new micro-apartments. As 6sqft has reported, NYC’s first micro-apartment complex Carmel Place (formerly My Micro NY) at 335 East 27th Street began leasing at the end of last year. The nine-story modular development in Kips Bay has 55 studios that are 260 to 360 square feet. Of these, 22 are affordable and they’ll go from $950 to $1,500 a month.
Market-rate units on the other end range from $2,540 to $2,910. According to CityRealty, the average rental price per square foot for New York City apartments overall is $51, while Carmel Place units ring in at $98 per square foot. The idea of micro-housing was presented, in part, to address the need for more affordable apartments. So why is it that the result is what a recent New Yorker article calls “micro-luxury” housing?
Small Is Beautiful–but Not Affordable