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Carmel Place by Common offers strong overall value with an 8.3/10 expert rating, highlighted by excellent location, standout amenities, and competitive pricing for what it provides. Residents can enjoy a fitness center, coworking space, rooftop terrace, modern appliances, and floor-to-ceiling windows, along with ample nearby parks, health and wellness centers, restaurants, and a top-rated middle school less than half a mile away. The property’s detailed listing, spacious kitchens, community gathering spaces, and abundant photos further support transparency, quality, and an active social and wellness-oriented lifestyle.
Things you’ll love
Less expensiveMiddle school nearbyImages AvailableGreat for
Wellness
Social life| Entire Unfurnished Studio | Studio | 1 bath | 345 sqft | $3,460 /mo | Enjoy a modern studio equipped with modern appliances, along with access to incredible building amenities — including lounge spaces, a fitness center, and a roof deck. |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Central Heat |
Building
| Elevator | Fitness Center |
| Onsite Laundry | Residents Lounge |
| Roof Deck |
Grounds
| Outdoor Space |
One-time.
One-time. Refundable.
Carmel Place by Common is more than just a rental — it might be one of the most unique apartment buildings in Manhattan. The result of a winning proposal in the adAPT NYC competition, Carmel Place by Common is a real life example of how innovative unit types can create more housing for New Yorkers without sacrificing comfort or style. The home’s fully-furnished micro-units feature modular furniture, spacious kitchens, plenty of storage, and unique amenities like bed-linens and fully stocked bathrooms. The units’ nearly 10 ft tall ceilings and floor to ceiling windows with Juliet balconies also make your new home feel especially spacious and airy. When you need extra space, the building’s many amenities offer plenty of room for remote work, gatherings with friends, or a peaceful moment. Take in views of the city from the rooftop terrace, get work done in the coworking space, or break a sweat in the fitness center. Whatever your daily life includes, you’ll find a place for it at Carmel Place by Common. Located in the heart of Manhattan, Kips Bay is an unassuming but popular neighborhood for New Yorkers looking for easy access to the best of the city. And as a member of Carmel Place by Common, it’s all right outside your door. The home is located on East 27th street, a brick-paved block that’s paved off to cars and features ample seating for catching up with friends or enjoying a coffee from the local coffee shop in the sun. Across the street you’ll find Bellevue South Park, a tree filled greenspace complete with basketball courts and a playground. For a bite to eat or a night out, you’re only minutes away from Union Square and a stretch of delicious restaurants on 3rd Ave and Irving Place. Ready to learn more? Schedule a virtual or in-person tour today!
How Carmel Place by Common compares to other nearby properties.
Positives
Considerations
studio apartments at Carmel Place by Common cost about 8% less than the average rent price for studio apartments in Kips Bay.
| Month | Median Rent |
|---|---|
| May 2024 | $3,550 |
| 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 | $3,525 |
| 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 | $3,766 |
Can I afford to live at 335 East 27th Street?
Bedrooms
StudioRent-to-income ratio
30%
$138,400/yr
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new york, NY, 10010
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Kips Bay | New York, NY
East New York • 2840 Atlantic Avenue
Studio–2 Beds
$2,300–$3,688
East Village • 200 E 11th St
Studio–2 Beds
$2,855–$27,660
Rego Park • 10420 Queens Blvd
Studio–2 Beds
$2,799–$4,794
4828 Tonnelle Ave
Studio–2 Beds
$2,374–$6,053
Financial District • 71 Broadway
Studio–1 Bed
$4,042–$6,410
East New York • 2840 Atlantic Avenue
Studio–2 Beds
$2,300–$3,688
East Village • 200 E 11th St
Studio–2 Beds
$2,855–$27,660
Rego Park • 10420 Queens Blvd
Studio–2 Beds
$2,799–$4,794
4828 Tonnelle Ave
Studio–2 Beds
$2,374–$6,053
Financial District • 71 Broadway
Studio–1 Bed
$4,042–$6,410
