Rutherford Place at 305 Second Avenue

New York /
Jul.July 10, 2014 11:49 AM

The historic 10-story, 126-unit building at 305 Second Avenue, designed in 1902 by Robert Henderson Robertson, has been converted into condos. Rutherford Place, as the development is named, has a storied past. It was once home to the city’s largest maternity ward, having been gifted to the city by its original owner, J.P. Morgan. More recently, it was a residential rental, which actor Tom Cruise, musician David Lee Roth and hip-hop mogul Sean Combs reportedly called home. According to press reports, Rutherford Place sold 30 condos between 2006 and 2007; the balance remained rentals until September 2013, when the residence officially re-launched condo sales of 78 apartments. StreetEasy records at press time showed 29 units have traded hands, and five are in contract. On the market as of early July were nine units, with the least expensive one, a one-bedroom, asking around $1.25 million. Contact www.rutherfordnyc.com or 212-937-2828.

NAMERutherford PlacePRICE RANGEFrom $1,250,000 to $2,995,000
ADDRESS305 Second AvenueSIZE RANGEFrom 908 Sq Ft to 1,809 Sq Ft
TYPEConversionAVG PPSF$1,494
TOTAL UNITS126TAX ABATEMENTNo
DEVELOPERRutherford Palace LLCAVG COMMON CHARGE$0.59/sf
BROKERCantor PecorellaFINISHED BY2013

Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of early July. List primarily includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded in most cases. “Price range,” “Size range,” “Avg PPSF (Price Per Square Foot)” and “Common Charge” refer to units currently for sale.

Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
City Council Member Robert Holden (Getty)
Bill would expose Council members’ rent-stabilized status
Bill would expose Council members’ rent-stabilized status
Meyer Orbach with One and Two Sutton Place North (CityRealty)
Meyer Orbach, Josh Gotlib close on $850M of Solow apartments
Meyer Orbach, Josh Gotlib close on $850M of Solow apartments
56 Middagh Street and 50 Bridge Park Drive #20B (Streeteasy, Quay Tower BK, Getty)
Brooklyn Heights townhouse, Quay Tower score borough’s biggest contracts
Brooklyn Heights townhouse, Quay Tower score borough’s biggest contracts
From left: Wafra’s Fawaz Al-Mubaraki and The Westover Companies’ Guntram Weissenberger with 138 East 12th Street (JLL, Getty, Wafra, The Westover Companies)
Wafra sells East Village’s The Nathaniel for $57M
Wafra sells East Village’s The Nathaniel for $57M
15 East 90th Street and 325 West Broadway (Getty, CityRealty, Streeteasy)
Thanksgiving-week buyers gobble up 15 luxury Manhattan homes
Thanksgiving-week buyers gobble up 15 luxury Manhattan homes
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...