Walking through Kips Bay, you would not necessarily realize you were in Kips Bay, a neighborhood that lacks distinction from its northern neighbor, Murray Hill. Rebuilt in patches, the neighborhood is a combination of new high-rise apartments and old condominium complexes inhabited by middle-class families and couples. Attracted by its ease of access to other neighborhoods and high safety record, these young families and couples enjoy relatively low rents and housing prices. Kips Bay is well populated by bars and a diversity of restaurants, although the frat-boy bars in Third Avenue have been a source of complaint for residents. There are no public parks or major attractions in the neighborhood, other than the strip of NYU institutions and hospitals that dominate its eastern side. Overall, Kips Bay is a convenient, low-key neighborhood.