Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

Gramercy vs Kips Bay

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

Manhattan|Manhattan

Gramercy

Manhattan

Kips Bay

Manhattan

Median Sale Price
$1.2M
$895K
Median Rent
$5K
$4K
Active Listings
138
98
Avg Days on Market
70 days
72 days
YoY Price Change
+4.1%
+2.8%
Monthly Sales Volume
50
38

Detailed Comparison

MetricGramercyKips Bay
Median Sale Price$1,185,000$895,000
Median Condo Price$1,485,000$1,050,000
Median Co-op Price$825,000$650,000
Median Rent$4,500$4,050
Active Listings13898
Rental Inventory248220
Days on Market7072
Price Cut Share10.5%12.5%
Monthly Sales Volume5038
YoY Price Change+4.1%+2.8%
YoY Rent Change+4.7%+3.9%
YoY Inventory Change-5.6%-4.1%
Subway LinesN/A4 5 6 7 B D F M N Q R S W

Neighborhood Profiles

Gramercy

Gramercy is centered on its landmark private park, a 2-acre gated green space surrounded by Italianate, Gothic Revival, and Beaux-Arts brownstones and townhouses that have retained their architectural character since the 19th century. The Gramercy Park Historic District preserves blocks of ornate red-brick townhouses, limestone mansions, and pre-war co-op buildings. The 6 train at 23rd Street is the nearest subway, with the 4, 5, N, Q, R, W, and L lines accessible at nearby 14th Street-Union Square.

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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

Gramercy

No subway data available

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

Gramercy for sale

View all Gramercy listings

Kips Bay for sale

View all Kips Bay listings

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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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