Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

Kips Bay vs Long Island City

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

Manhattan|Queens

Kips Bay

Manhattan

Long Island City

Queens

Median Sale Price
$895K
$1.0M
Median Rent
$4K
$4K
Active Listings
98
243
Avg Days on Market
72 days
3 days
YoY Price Change
+2.8%
+8.0%
Monthly Sales Volume
38
11

Detailed Comparison

MetricKips BayLong Island City
Median Sale Price$895,000$1,048,000
Median Condo Price$1,050,000$1,048,000
Median Co-op Price$650,000N/A
Median Rent$4,050$4,351.5
Active Listings98243
Rental Inventory220956
Days on Market723
Price Cut Share12.5%5.3%
Monthly Sales Volume3811
YoY Price Change+2.8%+8.0%
YoY Rent Change+3.9%+1.0%
YoY Inventory Change-4.1%+48.2%
Subway Lines4 5 6 7 B D F M N Q R S W7 E G M N R W

Neighborhood Profiles

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.

View Full Market Report

Long Island City

Long Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises along the waterfront. Gantry Plaza State Park, MoMA PS1, and the Hunters Point Library anchor the neighborhood’s cultural identity. Median condo prices run roughly 30-40% below comparable Manhattan waterfront units, drawing both first-time buyers and investors looking for appreciation in one of the city’s highest-growth zip codes.

View Full Market Report

Transit Access

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

Long Island City

7EGMNRW

Hunters Point Av (7) — 0.2 mi

Court Sq (7 E G M) — 0.2 mi

Long Island City (E G M R) — 0.6 mi

Queensboro Plaza (7 N W) — 0.6 mi

Active Listings

Kips Bay for sale

View all Kips Bay listings

Long Island City for sale

View all Long Island City 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.

Call Milton WhatsApp