Last updated on Apr 3, 2026

Kips Bay Court,
520 Second Avenue

This large complex, originally known as Henry Phipps Plaza West, was one of several residential projects that transformed East Midtown South in the late 1960s and early 1970s. Designed by Frost Associates and completed in 1976, it consisted of 8 buildings ranging from 12 to 27 stories, initially built as a Mitchell-Lama co-operative with 1,600 units.

Overview of Kips Bay Court at 520 Second Avenue

Kips Bay Court, originally known as Henry Phipps Plaza West, is a significant residential complex located on the east side of Second Avenue between 26th and 29th Streets. Designed by Frost Associates and completed in 1976, this development was part of a wave of large residential projects that reshaped the East Midtown South neighborhood in the late 1960s and early 1970s. Initially a Mitchell-Lama co-operative with 1,600 units, it transitioned to market-rate housing in 2005 and was renamed Kips Bay Court.

The complex consists of eight buildings ranging from 12 to 27 stories, featuring a handsome red-brick façade. Each building offers a range of amenities, including a lobby attendant, a live-in superintendent, a fitness center, a garage, a laundry room, a bicycle room, and a security staff with a video security system. The buildings also have large entrance marquees and ground-level sundecks, enhancing the living experience for residents.

Apartments in Kips Bay Court are well-appointed, with carpeted bedrooms, full kitchens featuring granite countertops, wood cabinetry, under-cabinet lighting, and GE Profile appliances. Notable layouts include three-bedroom units with angled living rooms and three-sided balconies, as well as studio units with pass-through kitchens and sleeping alcoves. The complex underwent a major renovation and remodeling in 2014, further modernizing its facilities and interiors.

Kips Bay Court's transformation from affordable housing to a market-rate development reflects broader trends in New York City's real estate landscape. Its strategic location and comprehensive amenities make it a desirable choice for residents seeking a vibrant urban lifestyle.

Doorman

Full Time

Type

Rental

Year Built

1975

Apartments

894 (view all units)

Floors

Neighborhood

Murray Hill (Manhattan)

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Amenities

FT Doorman
Post War
Full Service Garage
Garden
Health Club
Washer/Dryer in building
Elevator
Mail Room
Fitness Center
On-Site Parking
Outdoor Entertainment Space
Courtyard
Live-In Superintendent
Terraces / Balconies

Area Map StreetView

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at Park Ave 0.36 miles

Pros & Cons

Concierge
Live-in superintendent
Entrance marquee
Lush landscaping
Bicycle room
Laundry room
Video security
Fitness center
Garage
Balconies

No roof deck
Considerable traffic

CityRealty Rating

/44

Architecture

/36

Location

/39

Features

Editor’s Points

CITYREALTY
RATING

How is the CityRealty Rating calculated?
Architecture

30+ remarkable

20-29 distinguished

11-19 average

< 11 below average
Location

27+ remarkable

18-26 distinguished

9-17 average

< 9 below average
Features

22+ remarkable

16-21 distinguished

9-15 average

< 9 below average
CityRealty’s Ratings Explained

Broker & Resident Comments

Add Your Own Comment

This Kips Bay complex offers "spacious apartments" and "modern renovations" in a "prime Manhattan location," though recent tenants report "ongoing construction" and "maintenance challenges." While some praise the "friendly doormen" and "resident activities," others note "management responsiveness varies." The "clean facilities" and "quick maintenance response" mentioned by some residents make this a "decent option for recent grads," though prospective tenants should "thoroughly investigate current building conditions" before signing.

Building Management

More about Kips Bay Court Leasing

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Alternate Addresses

460 Second Avenue
470 Second Avenue
480 Second Avenue
484 Second Avenue
490 Second Avenue
500 Second Avenue

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RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.

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An equal housing opportunity

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Kips Bay Court,520 Second Avenue

Overview of Kips Bay Court at 520 Second Avenue

Maps &3D Aerial Views

Amenities

Pros & Cons

CityRealty Rating

How is the CityRealty Rating calculated?

Broker & Resident Comments

Building Management

Pricing Comparison of Similar Buildings

Alternate Addresses

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Market Insight

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Kips Bay Court,
520 Second Avenue

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