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Location

127 East 31st Street, New York, New York 10016, United States|Kips Bay

Tour 127 East 31st Street

Contact

David Graff

Compass

(917) 664-1452

Amenities for 127 East 31st Street, Kips Bay

Building

Fitness Center

Grounds

Garage ParkingStorage

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

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About 127 East 31st Street

HomeApartments in New YorkKips Bay 127 East 31st Street, New York, New York 10016, United States

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.


Source: NYSMLS|MLS Listing No. 11417683

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127 East 31st Street is great for:

Wellness

  • On-site fitness center or gym
  • 728 gyms or yoga centers nearby
  • On-site fitness or wellness programs
  • 226 health/wellness centers nearby

Social life

  • 3958 restaurants within 1 mile of this property
  • This community has public spaces on site, like fitness centers or pools
  • 7218 mixed-use spaces nearby
  • Area has 388 parks and recreation options

Address details

NeighborhoodKips Bay
Zip code10016
TypeCondo for rent

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Rent trends in Kips Bay

studio apartments at 127 East 31st Street cost about 39% more than the average rent price for studio apartments in Kips Bay.

Median rents as of Nov 22 2025.
Kips Bay
New York
A table of studio rental data trends in New York
MonthMedian Rent
December 2023$3,424
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
A table of studio rental data trends in Kips Bay
MonthMedian Rent
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$3,942
October 2025$4,050
November 2025$3,613

Affordability calculator

Can I afford to live at 127 East 31st Street?

Bedrooms

Studio

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

$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.

Schools near 127 East 31st Street

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 East 31st Street

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 East 31st Street

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 East 31st 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

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 East 31st Street

KALUSTYAN'S
123 Lexington Ave
Trader Joe's
200 E 32nd St
Clear Markets
470 Park Ave S
Food Maison Corp
135 Madison Ave
Whole Foods Market
63 Madison Ave

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