- Year built
- 1902
- Type
- Condominium
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Pied-à-terre
- Permitted
- Washer/dryer
- Permitted
- Doorman
- Doorman (hours not stated)
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,306
- 1 sale
- Listing discount
- 1.9%
- Recorded sales
- 173
- On record
- 2004–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Rutherford Place would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
Rutherford Place is one of the East Side's most distinctive conversions — a 1902 Beaux-Arts building that began life as the New York Lying-In Hospital, the maternity institution endowed by J.P. Morgan, and that now stands as a condominium facing Stuyvesant Square. Designed by Robert Henderson Robertson, it is a building with genuine architectural and civic history: a terracotta, brick, and limestone landmark on the National Register, complete with a fan window and a tablet inscribed with the Hippocratic Oath, repurposed into one of the more characterful residential addresses in the neighborhood.
Converted to condominiums in 1986 and fully transitioned from rentals by 2006, the building offers what new construction cannot — the volume, ceiling heights, and architectural grandeur of a turn-of-the-century institutional building — in flexible condominium form, directly on a quiet, tree-filled square. For a buyer who wants a home with real provenance, loft-scale proportions, and full-service operation, Rutherford Place is singular.
Architecture and unit composition
The exterior is the announcement: a Beaux-Arts hospital façade in terracotta, brick, and limestone, its monumental detailing — including the fan window and the Hippocratic tablet — intact from its institutional life. Inside, the lobby carries the drama through, with a marble entry beneath a roughly thirty-foot ceiling that no conventional apartment building of its size could match. The conversion preserved the building's grandeur rather than flattening it, which is exactly why the homes feel architecturally distinct.
The roughly 126 residences reflect the building's origins: loft-scale layouts, generous ceiling heights, oversized windows, and a range of configurations including one-bedroom lofts, two-bedroom duplexes, and larger three-bedroom-plus-den homes. The institutional bones translate into volume and light that purpose-built residential construction rarely delivers, and value tracks the specific home's layout, floor, exposure onto the square, and renovation level.
Building operations
Rutherford Place runs as a full-service condominium: a doorman and concierge attend the marble lobby, with a fitness room, storage, and elevator service. Washer/dryers are permitted in the residences, a genuine convenience that not every pre-war building allows. The building pairs its pre-war character with condominium ownership and full-service operation.
As a condominium, there is no co-op board admissions process; subletting and resale are governed by the condominium's by-laws and a right-of-first-refusal. Financing, pied-à-terre and investment ownership, pet policy and transfer-fee specifics follow the condominium's governing documents; we review the current rules with buyers as part of any transaction.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
8 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $900 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $120 per applicant | Refundable Non-refundable |
| Move-In Fee | Paid by Buyer | When With the application | Amount $350 | Refundable Non-refundable |
| Move-Out Fee | Paid by Seller | When With the application | Amount $350 | Refundable Non-refundable |
| Working Capital Contribution Fee | Paid by Buyer | When At closing | Amount Equal to two (2) months of common charge paid by purchaser | Refundable Not stated |
| Closing Document Preparation Fee | Paid by Seller | When At closing | Amount $250 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In Deposit | Paid by Buyer | When With the application | Amount $1,000 | Refundable Refundable |
| Move-Out DepositTo be returned after the owner moves out | Paid by Seller | When With the application | Amount $1,000 | Refundable Refundable |
Rental or lease
6 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out Fee | Paid by Landlord | When With the application | Amount $350 | Refundable Non-refundable |
| Application Processing Fee | Paid by Tenant | When With the application | Amount $400 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Tenant | When With the application | Amount $120 per applicant | Refundable Non-refundable |
| Move In and Out Fee | Paid by Tenant | When With the application | Amount $700 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out Deposit | Paid by Landlord | When With the application | Amount $1,000 | Refundable Refundable |
| Move-In Deposit | Paid by Tenant | When With the application | Amount $1,000 | Refundable Refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Leasing by owners
- Not verified
- Pied-à-terre ownership
- PermittedSource: The Roebling Team's building profile
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Not verified
- In-unit washer/dryer
- PermittedSource: The Roebling Team's building profile
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $665 per room a monthMedian of 10 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.20 per square foot a monthMedian of 10 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $0.76 per square foot a monthMedian of 15 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.48 per square foot a monthMedian of 15 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Doorman (hours not stated)Source: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Attended lobby
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $85,504/yr
- Per unit / month range
- $0 – $56
- Modeled exposure split equally across 127 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Aug 3, 2026 | 542 | 3 BR · 3 BA · 2,048 sf | $2,675,000 | $1,306/sf | -2.7% |
| Oct 31, 2025 | 516 | 1 BR · 1 BA · 1,170 sf | $1,360,000 | $1,162/sf | -4.6% |
| Sep 23, 2025 | 325 | 2 BR · 2 BA · 1,529 sf | $1,900,000 | $1,243/sf | -9.3% |
| Sep 17, 2025 | 530 | 2 BR · 1 BA · 1,081 sf | $1,360,000 | $1,258/sf | -7.8% |
| Jul 17, 2025 | 721 | 2 BR · 2 BA · 1,054 sf | $1,500,000 | $1,423/sf | -14.3% |
| May 13, 2025 | 719 | 1 BR · 2 BA · 1,088 sf | $1,525,000 | $1,402/sf | -7.6% |
| Oct 22, 2024 | 522 | 1 BR · 2 BA · 1,327 sf | $1,665,000 | $1,255/sf | -14.6% |
| Aug 13, 2024 | 718 | 1 BR · 1 BA · 990 sf | $1,317,500 | $1,331/sf | -4.9% |
Market read. Most recent trades (2026 to date) cleared a median $1,306/sf (recorded) across 1 sale. Median listing discount 1.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00898-7501; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Closed rents at Rutherford Place, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 6 | $6,350 |
| 2 bedroom | 8 | $7,500 |
15 closed leases, October 2023 to September 2026. Most recent lease June 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at Rutherford Place and nearby.
At the recent median sale of $1.51M (6 sales in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $64,435 to close, or 4.3% of the price.
- Mansion tax: $15,125
- Mortgage recording tax: $21,837
- Title insurance: $6,806
- Attorneys, lender, building fees, reserves and filings: $20,667
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with Rutherford Place and its market
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What to know if you’re buying
The building's appeal is volume and provenance, so the variables that matter are layout and light: whether a home is a true loft or a more conventional plan, its ceiling height, its floor, and whether it faces the square. As a condominium, the purchase path is lighter than the surrounding co-ops — a right-of-first-refusal, flexible financing, pied-à-terre and investment ownership all customary — and washer/dryers are permitted, which not every comparable building allows. Buyers should weigh the architectural character against the realities of living in a landmarked conversion, and read the offering plan and by-laws closely. We help with the home evaluation, the carrying-cost math, and the governing documents.
What to know if you’re selling
The story sells the apartment. There is no other condominium quite like a former Beaux-Arts hospital on Stuyvesant Square, and sellers should lead with the architecture, the provenance, and the loft-scale volume, then with the practical advantages — full-service operation, permitted washer/dryers, and condominium flexibility. Price against recent in-building resales and comparable Gramercy / Stuyvesant Square condominiums, and present the home's specific layout and light, which are the building's most defensible differentiators. The condominium's lighter closing mechanics are themselves a selling point to the flexibility-minded buyer this building attracts.
Comparable buildings
If you're considering Rutherford Place, also look at these Gramercy and Stuyvesant Square buildings:
- 323 Second Avenue — pre-war cooperative nearby
- 32 Gramercy Park South — postwar (1956) Gramercy Park cooperative
- 50 Gramercy Park North — full-service Gramercy Park building
- 60 Gramercy Park North — a 1928 Emery Roth prewar cooperative
- 117 East 18th Street — Gramercy-area building
- 34 Gramercy Park East — historic Gramercy cooperative
More Gramercy buildings
- 280 Third Avenue — 2012 condominium
- 300 East 23rd Street (Tempo) — 2009 condominium by Kutnicki Bernstein Architects
- 305 First Avenue — 2025 condominium
- 310 East 23rd Street — condop
- 312 East 22nd Street (Gramercy East) — 1910 condominium
- 323 Second Avenue — 1929 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at Rutherford Place?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com