It’s challenging to actually be an under-the-radar neighborhood in the world of Manhattan real estate. However, the Kips Bay/Murray Hill area — two adjacent neighborhoods frequently confused and conjoined — has been just that for years. New York magazine calls the Midtown (Far) East section “decidedly unhip,” which has worked in the locales’ favor, keeping homes there relatively affordable. But the city’s construction boom has now struck this section as well, putting Kips Bay/Murray Hill under a stronger spotlight than usual.
Arguably the area’s best real estate feature is its diverse selection. There really is something for everyone in Kips Bay/Murray Hill. Townhouses are found on 35th Street, and there are abundant co-ops throughout the neighborhood, along with chic condos, high-end rentals and a growing number of micro-apartments.
The city’s first micro-apartment building going up at 335 E. 27th St. on Carmel Place will offer outstanding services typically reserved for luxury residential high rises. Residents there will have access to a gym, lounge, workspaces, swimming pools, spas, house cleaning, laundry and grocery shopping.
Construction of Fisher Brothers’curvy new rental building at225 E. 39th St. is well under way and scheduled to be complete in spring 2017. The shapely, glass building faces southeast and will rise 36 stories with 373 units spread across 375,000 square feet. Amenities will include a fitness facility, children’s playroom, lounges, a café, a library, a courtyard garden and a 35th-floor rooftop deck.
Shalimar Management is also putting up a 12-story mixed-use building at 543 Second Ave. There will be retail on the ground floor, and each of the one- and two-bedroom abodes will features balconies.
Town Residential has a number of excellent listings in the neighborhood for apartments of various sizes.
Though many may call Kips Bay/Murray Hill a hidden enclave, nestled next to the East River, its location puts residents within easy walking distance of Madison Square Park, Madison Avenue shops, Herald Square and Grand Central Station.
Kips Bay/Murray Hill itself boasts tons of eclectic bars and restaurants. There’s outstanding Indian, Korean and Sichuan cuisine, plus traditional Italian and Southern barbecue. The neighborhood also has plenty of boisterous sports bars and classic pubs. Fairway Market has a space on 30th Street and Second Avenue and a sizable AMC movie theater next door. St. Vartan’s Park, a beautiful, cozy green space at 35th Street and First Avenue, is one of the city’s best-kept secrets. Clearly, this quiet little neighborhood is — literally — on the rise, with plenty to offer. Once the Second Avenue Subway is complete, the excuse keeping some from living there — “it’s too far from the train” — will be eradicated.