Welcoming you to I.M. Pei's iconic Kips Bay Towers is a beautiful 3.5 acre resident's garden which feels like your own personal park, with outdoor seating, a basketball court, playground and bike storage. There is a fitness center as well as a community room. In addition, there is a full time doorman and a parking garage as well as additional storage which can be leased. The common charges and taxes are very low making this the perfect investment.
All of the common areas of the building have been beautifully renovated with a clean, contemporary feel. The proximity to Fairway, Trader Joe's, AMC Kips Bay Movie Theater, NYU Langone Hospital and transportation make this a very convenient location. There is a capital Assessment of $50.43/ a month and a special assessment of $30.33. Capital Assessment will expire in July 2020.
Quick Profile
If you take a walk through Kips Bay, which is loosely defined as the area between 23rd street and 34th street and the East River to almost Lexington, you’ll quickly learn it's a hodgepodge of sorts and not as well defined as other neighborhoods in New York City. Some New Yorkers say Kips Bay has an identity crisis because 1st, 2nd, and 3rd avenues are distinctly different from one another as you traverse them. Despite the perceived lack of neighborhood vibe there are others that appreciate its affordability and convenience.
First Avenue is dominated by hospitals and hospital buildings such as NYU Medical Center and Bellevue Hospital to name a few. Second Avenue is a mosaic of convenience stores, fast food joints and nondescript brick buildings. Third Avenue is saturated with small bars and gastropubs and the twenty somethings that patronize them.
No judgement against Kips Bay here. It’s a great neighborhood that is just as much a part of New York City as any other neighborhood. Kips Bay It’s bordered by Murray Hill to the North, Stuyvesant Town and Gramercy Park to the South, and Rose Hill to the West. The neighborhood is partly defined by newer high-rise apartments, brick rowhouses, and former tenement buildings.