Condos in Gramercy building owned by J.P. Morgan hit market

Rutherford Place, 305 Second Avenue
Rutherford Place, 305 Second Avenue

Rutherford Place at Stuyvesant Square has launched sales of its 78 condominiums, marketing firm Cantor-Pecorella announced today.

The 10-story building, at 305 Second Avenue between 17th and 18th streets, has mostly duplexes and triplexes with 17-feet ceilings and windows as high as 10 feet. The units have been renovated with new fixtures, finishes and appliances, according to Cantor-Pecorella, which is heading both the sales and marketing efforts. Pricing ranges from $600,000 to $2.5 million, a spokesperson told The Real Deal.

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Amenities include a bicycle room, gym, a landscaped roof deck and a full-time doorman. The entrance and lobby are still being renovated.

Designed in 1902, the building was a gift to the city from financier and philanthropist J.P. Morgan – and is listed on the National Register of Historic Places. — Mark Maurer