The pandemic has changed a lot about daily life, and about NYC real estate in particular. Renters, especially in Manhattan, now have more choices and lower prices than we’ve seen in years. And many New Yorkers are now in need of something they never needed before: a home office. Enter the affordable Manhattan 2BR! This concept may have been laughable in the past, but our Rental of the Week is a Kips Bay 2BR that proves these unicorns do exist — and they’re cute, to boot.
Address: 228 E. 27th St. #5A
Price: $2,000
Size: 2-bedroom
Neighborhood: Kips Bay
Best feature: A 2-bedroom in a centrally located Manhattan neighborhood for this price is rare enough. But one with a dishwasher and in-unit laundry too? That’s magic. Professional-looking fixtures and appliances give the kitchen a polished, high-end look, while crown molding and exposed brick add a touch of charm.
The bedrooms are split for privacy, should you want to share with a roommate. But honestly, at $2K per month, this Kips Bay 2BR is a unique opportunity to have a bedroom plus a real, separate home office of your very own. All for the price of a studio in many other neighborhoods!
Why it’s a deal: Kips Bay is a sub-market of Midtown East, where the median asking rent is $2,912 according to StreetEasy’s Data Dashboard. That puts our Rental of the Week more than $900 per month below average for the area. It’s an even better deal when you consider that the median asking rent for a 2-bedroom in the area, specifically, is a whopping $3,500.
Manhattan Rentals Under $2,500 on StreetEasy Article continues below
Biggest drawback: This building is on a cute, tree-lined block, and it’s close to a ton of great restaurants. (Especially if you’re a fan of Indian food, abundant in nearby “Curry Hill.”) But there is no elevator: This unit is a fifth-floor walkup. In addition, it’s definitely not huge, and both bedrooms do feel a bit tight.
See the listing: 228 E. 27th St. #5A, in Kips Bay. Listed by Andrei Kunevsky and Luisa Tancredi at Triplemint.
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