Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

Chelsea vs Kips Bay

Side-by-side market data, transit, and neighborhood profiles to help you decide.

Manhattan|Manhattan

Chelsea

Manhattan

Kips Bay

Manhattan

Median Sale Price
$1.3M
$895K
Median Rent
$6K
$4K
Active Listings
394
98
Avg Days on Market
107 days
72 days
YoY Price Change
-27.1%
+2.8%
Monthly Sales Volume
26
38

Detailed Comparison

MetricChelseaKips Bay
Median Sale Price$1,305,000$895,000
Median Condo Price$2,087,000$1,050,000
Median Co-op Price$697,586$650,000
Median Rent$5,500$4,050
Active Listings39498
Rental Inventory653220
Days on Market10772
Price Cut Share12.9%12.5%
Monthly Sales Volume2638
YoY Price Change-27.1%+2.8%
YoY Rent Change+1.9%+3.9%
YoY Inventory Change+5.6%-4.1%
Subway Lines1 2 3 A B C D E F M N Q R W4 5 6 7 B D F M N Q R S W

Neighborhood Profiles

Chelsea

Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside charming pre-war lofts and historic townhouses in the Chelsea Historic District.

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Kips Bay

Kips Bay is a relaxed and highly convenient residential neighborhood located on the East Side of Manhattan. Known for its mix of mid-century high-rises and charming brick townhouses, it offers a more approachable price point than its neighbors to the north and south. Residents enjoy proximity to the East River Esplanade, a variety of local dining options, and easy access to the city's major medical centers and Midtown business hubs.

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Transit Access

Chelsea

123ABCDEFMNQRW

34 St-Penn Station (1 2 3 A C E) — 0.6 mi

34 St-Herald Sq (B D F M N Q R W) — 0.7 mi

Kips Bay

4567BDFMNQRSW

Grand Central-42 St (4 5 6 7 S) — 0.7 mi

34 St-Herald Sq (B D F M N Q R W) — 0.7 mi

Active Listings

Chelsea for sale

View all Chelsea listings

Kips Bay for sale

View all Kips Bay listings

More Comparisons

Need Help Choosing?

With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.

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