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Equity Residential
Our team has verified this companyParc East delivers an exceptional living experience, with newly renovated, spacious, light-filled interiors and sophisticated finishes, backed by near-perfect expert scores across overall quality, amenities, location, value, and trustworthiness. Its competitive pricing, strong value-for-money metrics, and proximity to highly rated schools make it appealing to many renters, while abundant nearby coworking spots, restaurants, parks, fitness options, and on-site public and wellness-focused amenities support work-from-home, social, and active lifestyles.
Things you’ll love
Less expensiveMore spaceMiddle school nearbyGreat for
Social life
Work-from-home
Wellness| E | 1 bed | 1 bath | 574 sqft | $4,806 /mo | 1 unit available | ||
| A | 1 bed | 1 bath | 795 sqft | $4,923–$5,142 /mo | 5 units available | ||
| N | 1 bed | 1 bath | 626 sqft | $4,996–$5,066 /mo | 2 units available | ||
| D | 1 bed | 1 bath | 706 sqft | $5,018–$5,258 /mo | 3 units available | ||
| B | 1 bed | 1 bath | 764 sqft | $5,283–$5,406 /mo | 2 units available | ||
| 1A-9 | 1 bed | 1 bath | 1,041 sqft | $7,607 /mo | 1 unit available | ||
| G | 2 bed | 1 bath | 1,028 sqft | $7,703–$7,865 /mo | 2 units available | ||
| O | 4 bed | 3 bath | 1,557 sqft | $11,300 /mo | 1 unit available |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Hardwood Floor |
| View | Walk-in Closet |
| Window Coverings |
Appliances
| Dishwasher | Microwave |
| Refrigerator |
Tech
| Cable/Satellite | Climate Control |
| High-Speed Internet |
Building
| Cats OK | Dogs OK |
| Elevator | Fitness Center |
| Free Weights | Onsite Laundry |
Grounds
| Assigned Parking | Garage Parking |
| Outdoor Space | Storage |
Services
| Availability 24 Hours | Concierge Service |
| On-Site Maintenance | On-Site Management |
| Package Service |
Other
| Short Term Lease |
Per-applicant. Agent application fee.
One-time.
Garage Parking
Monthly. 3 cats max.
One-time fee per pet.
One-time deposit per pet.
Monthly. 3 dogs max.
One-time fee per pet.
One-time deposit per pet.
Questions about this property’s policies and fees?
| Year built | 1978 |
|---|---|
| Units | 324 |
One-time costs: Refundable Holding Deposit - $500 Non-Refundable App Fee - $17 -- Due at Lease Start: Security Deposit - varies, Utility Set Up Fee - $10 -- Mandatory Monthly Recurring: Amenity Use Fee Per Resident - $40 -- Required Estimated Utilities (based on rolling average, actual charges may vary based on usage, occupancy, square footage or other factors): Utility Admin Fee - $6, Electric - Paid to Provider, Water - $21, Sewer - $33, Gas/Central Boiler - $27 - Additional Options: Pet - Cat - $100, Pet - Dog - $100 No Broker Fees. Flex Partitions Permitted. -- The newly renovated Parc East apartment community is located between Gramercy Park and Murray Hill in Manhattan. Walking distance to the Empire State Building, Madison Square Garden, 3rd Avenue's fantastic shops and lively restaurants. Parc East is close to FDR Drive and the Midtown Tunnel. Inside, spacious light -filled renovated interiors offer custom features, sophisticated finishes and stunning views of New York City or the Hudson River.
Showing 8 highest rated
I've lived in this building for years and I can confidently say that it has been amazing. (if I could give more than 5 stars I would) The doormen, maintenance and management team have made living in this building delightful. Terence and Yash (Malaysia too), I've known them for years and it's always a joy to see and chat with them! The maintenance team are hardworking, the friendliest and kindest people I've met and very helpful. Alexandra, from management, has been lovely and extremely helpful. They're like a family away from my own :') I can go on with praises but I shall stop here. Thank you guys for being such an awesome and helpful community!
sara wawa
Apr 08, 2022
the concierge team at this building is AMAZING. 24/7 I can always count on the concierge team. Terrence (but better know as T from my roommates and I) is not only a heat fan which makes him an automatic winner but also an amazing human being that makes living in this apartment building even better.
Shirel Wainer
Apr 19, 2023
We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
How Parc East compares to other nearby properties.
Positives
1-bedroom apartments here are priced 18% higher than 1-bedrooms in Kips Bay.
If you decide to upgrade your space, you can expect 2-bedrooms at Parc East to be 40% more than the average for similarly sized apartments in Kips Bay.
4-bedroom apartments at Parc East cost about 15% more than the average rent price for 4-bedroom apartments in Kips Bay.
| Month | Median Rent |
|---|---|
| May 2024 | $3,545 |
| 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 | $3,807 |
| October 2025 | $3,812 |
| November 2025 | $3,800 |
| December 2025 | $3,798 |
| January 2026 | $3,790 |
| February 2026 | $3,794 |
| March 2026 | $3,837 |
| April 2026 | $3,855 |
| May 2026 | $3,895 |
| Month | Median Rent |
|---|---|
| May 2024 | $3,490 |
| 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 | $3,942 |
| October 2025 | $4,050 |
| November 2025 | $3,674 |
| December 2025 | $3,647 |
| January 2026 | $3,994 |
| February 2026 | $4,105 |
| March 2026 | $4,003 |
| April 2026 | $4,288 |
| May 2026 | $3,760 |
Can I afford to live at 240 E 27th St?
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Rent-to-income ratio
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Kips Bay | New York, NY
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East New York • 2840 Atlantic Avenue
Studio–2 Beds
$2,300–$3,688
East Village • 200 E 11th St
Studio–5 Beds
$3,170–$38,040
Rego Park • 10420 Queens Blvd
Studio–4 Beds
$2,784–$6,853
4828 Tonnelle Ave
Studio–2 Beds
$2,364–$5,876
Financial District • 63 Wall St
Studio–1 Bed
$3,479–$6,162
