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Murray Hill/Kips Bay

History Murray Hill and Kips Bay are often linked together, since many neighborhoods in New York have vague outlines. Although they are linked neighborhoods, each area shares its own unique history. Murray Hill was named after Quaker descendants from the eighteenth century. The family name was Murray, and they worked as traders and shipping merchants. The Murray family contains many prominent figures. Lindley Murray was a lawyer in New York, but he was ultimately exiled during the America Revolution for secretly being a loyalist. The prominent reputations of Murray family members directly had an impact on Murray Hill. During the nineteenth century, prominent families continued moving to the Murray Hill area. When J.P. Morgan built his mansion on Madison Avenue, it was still considered part of Murray Hill. Today, Murray Hill is still a prestigious area of New York. However, many young, successful professionals have begun moving into Murray Hill. It has transformed from a neighborhood with mostly older residents to one including young residents too. A famous Dutchman inspired the name of Kips Bay. Jacobus Henderson Kip was a former farmland owner during the late 1600s. Due to the American Revolution, only one original building in Kips Bay still stands today. The film "Gangs of New York" focuses on what took place in Kips Bay during the American Revolution. Today, Kips Bay and Murray Hill continue to be understated and quiet areas that draw young professionals. Located near Third Avenue, these areas offer nightlife just a few minutes away without the constant excitement. Description Kips Bay is a small neighborhood located between 27th Street and 34th Street. Murray Hill is located right next door to Kips Bay, between 34th Street and 42nd Street. There are a plethora of attractive brownstones, town houses, and amazing apartment buildings in Kips Bay. Murray Hill is filled with "art deco" architecture that underwent a high rise in value during the mid-1990s. Both neighborhoods are now highly sought after by young professionals as being quintessential stylish areas of living in Manhattan. Residents About 57,000 people live in Murray Hill. Traditionally, Murray Hill has been home to upper-class families. Its neighborhood identity is often generalized as peaceful, tranquil, and stylish. The average income for those living in Murray Hill is $87,000. About 10,000 people live in Kips Bay. Kips Bay is renowned for being home to upper class, young business professionals. The median income for those living in Kips Bay is $90,000. Rental Housing The median rent in Kips Bay is about $2,000 for a studio apartment. Murray Hill apartments for rent are about the same price. To purchase a studio in Murray Hill, prices start at $600,000. Both neighborhoods offer some of the best luxury apartments for rent in New York. Fun Stuff to Do Many residents in Murray Hill or Kips Bay go to the bars on Third Avenue for some of the best nightlife in New York. Located in Kips Bay is the prestigious Tisch School of Arts, owned by New York University. Murray Hill is known for its great restaurants, especially the Indian restaurants found in the city.