Summary

Parc East offers a staffed lobby, shared laundry and a gym in Kips Bay, with larger layouts among its two- and three-bedroom apartments. Residents consistently praise the on-site staff. Elevator reliability, laundry equipment and management follow-through are the main recurring drawbacks.

325 unitsBuilt 1977Managed by Vivmark Residential

Reviews

Residents praise the doormen and individual maintenance staff. Elevator waits and unreliable laundry equipment recur across both positive and negative reviews.

What residents praise

Well-liked doormen and repair staff

Residents repeatedly describe friendly staff and helpful maintenance visits, including in otherwise critical reviews.

Useful layouts and closet space

Residents value larger living areas, closets and the flexibility of some floor plans.

What residents complain about

Elevator delays affect daily routines

Recent residents repeatedly describe broken elevators and long waits at busy times.

Laundry and gym upkeep disappoint

Residents report dryers needing repeated cycles and problems with gym leaks or ventilation.

Management and move-out disputes

Residents describe slow replies and disputed deposit deductions, despite generally positive experiences with the on-site team.

Amenities

Parc East is a full-time doorman building with a basement laundry room, a fee-based fitness center, a staffed package room and a commercial Icon garage on site. Apartments have dishwashers and through-wall air conditioning; outdoor space is the landscaped entrance plaza and common garden, and there is no pool.

In the apartment
Through-wall air
Dishwasher
In the building
24-hour doorman
Elevator
Fitness center*
Pool
Not available
Shared outdoor space
On-site parking*
Package service
Resident storage*
Shared laundry

* Fees apply to marked amenities. See Costs in the Availability tab.

Also here: Bike storage · Resident lounge · Valet dry cleaning · On-site Zipcar · On-site Duane Reade

Location

Parc East is located at 240 East 27th Street, New York, NY 10016. The East 27th Street location is convenient for Kips Bay errands and the nearby medical centers. Street activity and apartment exposure are worth comparing during a visit.

  • 7 min
    28 St6
  • 10 min
    23 St-Baruch College6
  • 12 min
    33 St6
  • 13 min
    23 StRW
  • 13 min
    28 StRW
  • 13 min
    3 AvL

Building records

The housing-complaint rate is below that of comparable buildings, with elevators, heating and noise the largest categories. Open heat/hot-water, detector and self-closing-door violations make service reliability and safety-equipment upkeep worth checking.

Reported housing complaintsPast 3 years

Reported housing complaints
Housing-related reports submitted to NYC 311 by residents or the public. A report describes a reported issue, not a confirmed violation.

21.2 reports per 100 apartments, versus 28.7 for other comparable apartment buildings in New York.

CategoryReportsLatest
17
Aug 2026
15
Oct 2025
12
Nov 2024

HPD housing-code violationsPast 3 years

HPD housing-code violations
Housing-code violations issued by NYC’s Department of Housing Preservation and Development after an inspection. Routine administrative filings and notices are excluded.
ConditionCitationsStatus
4
2 open
2
2 open
1
1 open

1 additional older citation remains open.

Rent history

Recent one-bedrooms are close to the nearby median for both price and size. Larger apartments carry a rent premium but also offer appreciably more floor area.

Typical rents

Typical rents
Final asking rents from listings that ended in the past year, compared with the same apartment size across buildings in Kips Bay.
1 bed
$4,939median / mo
−1% vs area
$4,255$7,617670 sq ft · same size as area
2 beds
$7,143median / mo
+7% vs area
$6,502$8,4721,041 sq ft · 18% larger than area
3 beds
$9,197median / mo
+9% vs area
$7,069$10,1881,243 sq ft · 30% larger than area

Concessions

Historical concessions
Free-rent offers on listings that ended in the past year, including listings with no offer.

No free-rent offers appeared in the past year’s listings.

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