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127 E 31st St, New York, NY 10016, USA|Kips Bay
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Property Overview
Located in a prime area, the property offers convenience and accessibility to various amenities and public transportation. Great for those seeking an urban lifestyle, it ensures easy access to local attractions and services. Additionally, notable features enhance its appeal, including a well-designed layout and proximity to vibrant neighborhood hotspots.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- High school nearby
- Middle school nearby
Great for
Wellness
Social life
Amenities for 127 E 31st St, Kips Bay
Building
| Fitness Center |
Grounds
| Garage Parking | Storage |
Other
| Five Rooms |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Contact for more information on pet policy.
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About 127 E 31st St
Property Status: Active 1500sf Ground floor professional space with 700sf of lower level storage. This former TV studio space is perfect for any type of media & podcasting since you have multiple soundproofed rooms. It would also be great for a ground floor office, physical therapy, fitness, showroom or any other professional use. This unit has amazing signage and an awning you can see from Park Avenue. Conveniently located right off the 6 train. Just reduced to $5,000 Co-broke Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 127 East 31st Street, New York, NY 10016, USA compares to other nearby properties.
Positives
- More space
- Studio is 1500 sqft larger than other listings nearby
- High school nearby
- There is a high school 0.1 mile away
- Middle school nearby
- There is a middle school 0.5 mile away
- Covered parking
- Garage, covered, or indoor parking is available at this address
Considerations
- No in-unit dishwasher
- Dishwashers aren't available
- No laundry facilities available
- This property doesn't offer on-site or in-unit washers and dryers
Address details
| Neighborhood | Kips Bay |
|---|---|
| Zip code | 10016 |
| Type | Condo for rent |
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Rent trends in Kips Bay
studio apartments at 127 E 31st St cost about 34% more than the average rent price for studio apartments in New York.
Median rents as of Sep 6 2025.
Kips Bay
New York
| Month | Median Rent |
|---|---|
| September 2023 | $3,539 |
| October 2023 | $3,546 |
| November 2023 | $3,498 |
| December 2023 | $3,429 |
| January 2024 | $3,400 |
| February 2024 | $3,475 |
| March 2024 | $3,493 |
| April 2024 | $3,547 |
| May 2024 | $3,546 |
| June 2024 | $3,635 |
| July 2024 | $3,691 |
| August 2024 | $3,698 |
| September 2024 | $3,674 |
| October 2024 | $3,625 |
| November 2024 | $3,532 |
| December 2024 | $3,527 |
| January 2025 | $3,569 |
| February 2025 | $3,563 |
| March 2025 | $3,643 |
| April 2025 | $3,747 |
| May 2025 | $3,800 |
| June 2025 | $3,772 |
| July 2025 | $3,757 |
| August 2025 | $3,791 |
| September 2025 | $3,800 |
| Month | Median Rent |
|---|---|
| September 2023 | $3,700 |
| October 2023 | $3,670 |
| November 2023 | $3,522 |
| December 2023 | $3,412 |
| January 2024 | $3,351 |
| February 2024 | $3,656 |
| March 2024 | $3,526 |
| April 2024 | $3,707 |
| May 2024 | $3,492 |
| June 2024 | $3,585 |
| July 2024 | $3,577 |
| August 2024 | $3,717 |
| September 2024 | $3,490 |
| October 2024 | $3,496 |
| November 2024 | $3,493 |
| December 2024 | $3,593 |
| January 2025 | $3,676 |
| February 2025 | $3,861 |
| March 2025 | $3,965 |
| April 2025 | $4,135 |
| May 2025 | $4,116 |
| June 2025 | $4,036 |
| July 2025 | $3,750 |
| August 2025 | $3,742 |
| September 2025 | $3,733 |
Affordability calculator
Can I afford to live at 127 E 31st St?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$200,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $200,000 annually to afford this studio monthly rent price of $5,000.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 7 months ago | $6,500 | Studio | 0 bath | ||
| 9 years ago | $1,800 | Studio | 1 bath | ||
| 9 years ago | $1,800 | Studio | 1 bath | ||
| 9 years ago | $1,800 | Studio | 1 bath | ||
| 10 years ago | $1,750 | Studio | 1 bath | ||
| 10 years ago | $2,375 | Studio | 1 bath | ||
| 10 years ago | $1,700 | Studio | 1 bath | ||
| 10 years ago | $1,700 | Studio | 1 bath | ||
| 10 years ago | $1,750 | Studio | 1 bath |
Schools near 127 E 31st St
P.S. 116 - Mary Lindley Murray
210 e 33rd st
new york, NY, 10016
PK, K-5Public
A-
The 47 American Sign Language & English Lower School
223 e 23rd st
new york, NY, 10010
PK, K-8Public
A-
P.S. 212 - Midtown West
328 w 48th st
new york, NY, 10036
PK, K-5Public
A
New Explorations into Science, Technology & Math School
111 columbia st
new york, NY, 10002
K-12Public
A+
Ella Baker School
317 e 67th st
new york, NY, 10065
PK, K-8Public
A
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Internet available near 127 E 31st St
Neighborhood
Kips Bay | New York, NY
NEIGHBORHOOD VIBE
Steeped in history
This area is a historical district, full of heritage and cultural landmarks.
Getting around New York near 127 E 31st St
Walking
8/10
No car? No problem. Everything you need is within a few blocks.
Driving
4/10
Roads are accessible, but parking may be a challenge.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 127 E 31st St, New York
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
10/10
Exceptional variety of shops within a few minutes’ walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
10/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
9/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
10/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 127 E 31st St
KALUSTYAN'S
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Trader Joe's
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Clear Markets
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Food Maison Corp
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Whole Foods Market
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Dover Street Market
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Heritage India Fashions
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Vintage India NYC
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Ear Bag
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Bright Shoes LLC
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Birch Coffee
432 3rd Ave
Dunkin'
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Dunkin'
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Joe Coffee Company
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Dunkin'
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Banc Cafe
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Whiskey Rebel
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Balcon Rooftop Bar
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Buffalo Wild Wings GO
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Fifteen Stories
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Lex 159 Bakery LLC
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Rose Bakery-Dsny
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Baked Downtown Orlando FL
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La Delice Pastry Shop
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Lovebug Nutrition Inc
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Vincent F. Albano Jr. Playground
Bellevue South Park
Saint Gabriels Park
St. Vartan Park
Madison Square Park
Hong Kong Noodle Inc
174 Lexington Ave
Hong Kong Noodle & Sariku Sushi
174 Lexington Ave
Sharaku
174 Lexington Ave
Penelope
159 Lexington Ave
Vezzo
178 Lexington Ave
Lexington Av / E 31 St
East Harlem - City Hall, East Village - Fort George, Harlem - East Village
3 Av / E 31 St
Harlem - East Village, East Village - Fort George, East Harlem - City Hall
3 Av / E 29 St
East Village - Fort George, Harlem - East Village, East Harlem - City Hall
Lexington Av / E 34 St
New Dorp - Midtown Manhattan Express, Eltingville - Midtown Manhattan Express
3 Av / E 33 St
Riverdale - East Midtown
Grand Central
Danbury, Harlem, Hudson, New Canaan, New Haven
NEW YORK PENN STATION
Montclair-Boonton Line, Morris & Essex Line, Gladstone Branch, Northeast Corridor, North Jersey Coast Line, North Jersey Coast Line, Raritan Valley Line
Penn Station
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Penn Station
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Grand Central
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33 St
Lexington Avenue Express, Lexington Avenue Local, Pelham Bay Park Express, Lexington Avenue Express, Lexington Avenue Local, Pelham Bay Park Express
28 St
Lexington Avenue Express, Lexington Avenue Local, Pelham Bay Park Express, Lexington Avenue Express, Lexington Avenue Local, Pelham Bay Park Express
23 St
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28 St
Broadway Local, Broadway Express, Broadway Local, Broadway Local, Broadway Local, Broadway Express, Broadway Local, Broadway Local
23 St
Broadway Local, Broadway Express, Broadway Local, Broadway Local, Broadway Local, Broadway Express, Broadway Local, Broadway Local
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