240 E 27th Street AKA Park East residential community is a high-rise rental building located in Manhattan's Kips Bay neighborhood. 240 E 27th Street rises 27 stories and offers 324 homes with a mix of one- to three-bedroom layouts. is a Rental Building. The newly renovated Parc East Tower is only a short stroll away from the NYC's iconic destinations such as Empire State Building and Madison Square Garden. Tenants and guests alike get to enjoy the proximity of Third Avenue and its array of dining and shopping options. High-end finishes and breathtaking views of New York City or the Hudson River are the hallmarks of living at Park East.