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Highlights

  • Rent Special
  • Pet Friendly
  • Renovated interiors
  • Sophisticated finishes

Location

240 East 27th Street, New York, New York 10016, United States|Kips Bay
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Contact

Management

Equity Residential

Our team has verified this company

Leasing office

(929) 209-9905

Open 

Tuesday 10:00 am–6:00 pm ET

Property Overview

Parc East excels in multiple aspects, earning a near-perfect 9.9 overall Zumper rating, reflecting its high value and quality. The property features renovated interiors and sophisticated finishes, complemented by a competitive price and outstanding amenities, all within a prime location. Additionally, it supports diverse lifestyles, making it ideal for those seeking robust work-from-home options, vibrant social activities, and wellness facilities.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.7
Very Good
With a solid 8.7 out of 10 overall, Parc East is a great option for renters. While some aspects, like Price, might not be as distinguished as other properties nearby, Parc East has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Middle school nearby
  • More space
  • Images Available

Great for

  • Work-from-home
  • Wellness
  • Social life

Floor plans

L1 bed1 bath634 sqft$4,477–$4,586 /mo2 units available
E1 bed1 bath574 sqft$4,555 /mo1 unit available
A1 bed1 bath795 sqft$4,664–$4,745 /mo2 units available
B1 bed1 bath764 sqft$4,803–$5,051 /mo2 units available
H3 bed2 bath1,439 sqft$7,665 /mo1 unit available

Let's explore this property.

Amenities for Parc East

Apartment Amenities

Air ConditioningHardwood Floor
ViewWalk-in Closet
Window Coverings

Appliances

DishwasherMicrowave
Refrigerator

Tech

Cable/SatelliteClimate Control
High-Speed Internet

Building

Cats OKDogs OK
ElevatorFitness Center
Free WeightsOnsite Laundry

Grounds

Assigned ParkingGarage Parking
Outdoor SpaceStorage

Services

Availability 24 HoursConcierge Service
On-Site MaintenanceOn-Site Management
Package Service

Other

Short Term Lease
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

Applicants

Application Fee

One-time. Agent application fee.

Contact Property

REQUIRED FEES

Security Deposit

One-time.

$3,000–$6,500

OPTIONAL FEES

Parking Policy

Garage Parking

Dog Policy

Allowed
Limit3

Cat Policy

Allowed
Limit3

Cat

Pet Rent

Monthly. 3 cats max.

$100

Pet Fee

One-time fee per pet.

$0

Pet Deposit

One-time deposit per pet.

$0

Dog

Pet Rent

Monthly. 3 dogs max.

$100

Pet Fee

One-time fee per pet.

$0

Pet Deposit

One-time deposit per pet.

$0

Questions about this property’s policies and fees?

Building details

Property details

Year built1978
Units324
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About Parc East

HomeApartments in New YorkKips Bay Parc East

One Time Costs: Holding Deposit - $500 Non-Refundable App Fee - $20 -- Mandatory Monthly Recurring: Amenity Use Fee Per Resident - $35/mo Optional: 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.


Year Built: 1978

Go to property website

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.7
/10
Very Good
With a solid 8.7 out of 10 overall, Parc East is a great option for renters. While some aspects, like Price, might not be as distinguished as other properties nearby, Parc East has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Parc East
Price·6A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Parc East is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Parc East stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Parc East offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Parc East has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at Parc East.
Trustworthiness·9A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Parc East has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.

Reviews from the web

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

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

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.

Parc East is great for:

Work-from-home

  • High speed internet is an amenity
  • 150 internet service provider options nearby
  • 84 coworking spaces or cafes within 1 mile
  • 41 office supply stores within 1 mile

Wellness

  • On-site fitness center or gym
  • HVAC systems available onsite
  • 202 health/wellness centers nearby
  • On-site fitness or wellness programs

Social life

  • 3459 restaurants within 1 mile of this property
  • This community has public spaces on site, like fitness centers or pools
  • Area has 294 parks and recreation options
  • 4532 mixed-use spaces nearby

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 Parc East compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.3 mile away
More space
The 1-bedroom is 72 sqft larger than other listings nearby
Images Available
There are at least 10 photos of this address
Package service
More secure storage for delivery
Walk-in closet
More closet space on average

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Rent trends in Kips Bay

1-bedroom apartments here are priced 3% higher than 1-bedrooms in Kips Bay.

3-bedroom apartments at Parc East cost about 5% more than the average rent price for 3-bedroom apartments in Kips Bay.

Median rents as of Dec 13 2025.
Kips Bay
New York
A table of studio rental data trends in New York
MonthMedian Rent
December 2023$3,407
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$3,807
October 2025$3,812
November 2025$3,800
December 2025$3,797
A table of studio rental data trends in Kips Bay
MonthMedian Rent
December 2023$3,431
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$3,942
October 2025$4,050
November 2025$3,674
December 2025$3,645

Affordability calculator

Can I afford to live at 240 East 27th Street?

Bedrooms

Rent-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

$184,380/yr

With your selected rent-to-income ratio, you'd ideally want to make $184,380 annually to afford this 1-bedroom median monthly rent price of $4,609.
For more information on rent affordability, visit our rent calculator.

Schools near Parc East

The 47 American Sign Language & English Lower School

223 e 23rd st

new york, NY, 10010

PK, K-8Public
A-

P.S. 116 - Mary Lindley Murray

210 e 33rd st

new york, NY, 10016

PK, K-5Public
A-

New Explorations into Science, Technology & Math School

111 columbia st

new york, NY, 10002

K-12Public
A+

P.S. 212 - Midtown West

328 w 48th st

new york, NY, 10036

PK, K-5Public
A

Ella Baker School

317 e 67th st

new york, NY, 10065

PK, K-8Public
A
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Internet available near Parc East

Neighborhood

Kips Bay | New York, NY

NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.

Getting around New York near 240 East 27th Street

Walking

10/10
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

9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 240 East 27th Street, 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

9/10
At least one elementary school within a 10-minute walk

High schools

9/10
At least one high school within a 10-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 240 East 27th Street

Morton Williams Supermarkets
311 E 23rd St
KALUSTYAN'S
123 Lexington Ave
Trader Joe's
200 E 32nd St
D'agostino Supermarkets
355 1st Ave
Taza Grocery Inc
350 Park Ave S

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