- Year built
- 1902
- Type
- Condominium
Every recorded sale at this building, 2004–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,258
- Listing discount
- 2.8%
- Recorded sales
- 175
- On record
- 2004–2025
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's pre-war character is paired with the operational stability of an established condominium.
As a condominium, ownership carries the flexibility buyers expect: financing latitude with no co-op-style cap, pied-à-terre and investment ownership customary, and subletting and resale governed by the condominium's by-laws and a right-of-first-refusal rather than a board admissions process. Pet policy and transfer-fee specifics follow the condominium's governing documents; we review the current rules with buyers as part of any transaction.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $46,517/yr
- Per unit / month range
- $0 – $31
Facade safety — Local Law 11
Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| 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 | -3.2% |
| 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% |
| Mar 8, 2024 | 517 | 2 BR · 1 BA · 1,071 sf | $1,590,000 | $1,485/sf | -5.4% |
Market read. Most recent trades (2025) cleared a median $1,258/sf across 5 sales. Median listing discount 2.8% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Jul 30, 2013 | 718 | $1,225,000 |
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) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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.
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 — pre-war Gramercy Park building
- 50 Gramercy Park North — full-service Gramercy Park building
- 60 Gramercy Park North — Gramercy cooperative
- 117 East 18th Street — Gramercy-area building
- 34 Gramercy Park East — historic Gramercy cooperative
The Roebling Team at Rutherford Place
The Roebling Team at Compass works the Gramercy and Stuyvesant Square market closely — the conversions, the pre-war stock, and the premium that genuine architectural character commands. We publish this profile because buyers and sellers at a building like Rutherford Place deserve intelligence specific to it: its history, the loft-scale homes, ownership structure, and where the value sits.
If you're weighing a purchase or sale at Rutherford Place, a 30-minute consultation is the right starting point.
Get the full picture on this building.
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