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Investment Highlights

  • Existing medical office buildout includes exam rooms with sinks.
  • Opportunity to combine contiguous units for expanded operations
  • Dedicated commercial access within a mixed-use condominium property.
  • Available for investment or owner-user acquisition.
  • Located within historic Rutherford Place in Gramercy Park.
  • Near major Manhattan hospitals, Union Square, and public transit.

Executive Summary

Located within Rutherford Place, a historic mixed-use condominium in Manhattan's Gramercy Park neighborhood, these office/medical condominium units offer a rare opportunity for investors or owner-users seeking a presence in one of New York City's most established healthcare and professional districts. The property is positioned between East 17th and East 18th Streets and benefits from exceptional accessibility, including walkability and transit connectivity throughout Manhattan. The available units are currently configured for medical office use and include existing exam rooms with sinks and private restrooms, providing a functional layout for a variety of healthcare, wellness, and professional office users. Suite 3 features five exam rooms and three private bathrooms, while the combined Suite 2/3 configuration provides an expanded layout with multiple exam rooms and four bathrooms. Existing medical infrastructure may reduce future buildout requirements for occupants seeking a turnkey healthcare environment. Rutherford Place is a recognized landmark property originally constructed in 1902 and later converted to condominium ownership. The building's location places occupants near major hospitals, medical providers, Union Square, Stuyvesant Square Park, and numerous neighborhood amenities. Access to multiple subway lines and surrounding commercial services supports both patient convenience and employee accessibility. The combination of an established Gramercy Park location, existing medical improvements, condominium ownership structure, and proximity to major healthcare institutions creates a unique acquisition opportunity within the Manhattan medical office market.

3 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit suite 2
  • 1,956 SF
  • Office/Medical
  • Upon Request
  • -
Sale Type Investment or Owner User
Description
This medical office condo has a private bathroom and one exam room with a sink.
Sale Notes
This unit can be combined with unit 3 for a total of 5,816 rsf.
  • Unit Suite 2/3
  • 5,816 SF
  • Office/Medical
  • Upon Request
  • -
Sale Type Investment or Owner User
Description
Suite 2 and 3 are contiguous and can easily be combined by the new owner.  The combined spaces have five exam rooms with sinks and four bathrooms.
Sale Notes
Suites 2 & 3 can be purhcased together for 5,816 Sf.
  • Unit Suite 3
  • 3,860 SF
  • Office/Medical
  • Upon Request
  • -
Sale Type Investment or Owner User
Description
Built medical office with three private bathrooms and five exam rooms with a sink.
Sale Notes
This can be combined with suite 2 for a total of 5,816 rsf.
Unit Unit Size Condo Use Price NOI
Unit suite 2 1,956 SF Office/Medical Upon Request -
Unit Suite 2/3 5,816 SF Office/Medical Upon Request -
Unit Suite 3 3,860 SF Office/Medical Upon Request -

Unit suite 2

Unit Size
1,956 SF
Condo Use
Office/Medical
Price
Upon Request
NOI
-

Unit Suite 2/3

Unit Size
5,816 SF
Condo Use
Office/Medical
Price
Upon Request
NOI
-

Unit Suite 3

Unit Size
3,860 SF
Condo Use
Office/Medical
Price
Upon Request
NOI
-

Unit suite 2

Unit Size 1,956 SF
Condo Use Office/Medical
Price Upon Request
NOI -
Sale Type Investment or Owner User
Description
This medical office condo has a private bathroom and one exam room with a sink.</li></ul>
Sale Notes
This unit can be combined with unit 3 for a total of 5,816 rsf.</li></ul>

Unit Suite 2/3

Unit Size 5,816 SF
Condo Use Office/Medical
Price Upon Request
NOI -
Sale Type Investment or Owner User
Description
Suite 2 and 3 are contiguous and can easily be combined by the new owner.&nbsp;&nbsp;The combined spaces have five exam rooms with sinks and four bathrooms.</li></ul>
Sale Notes
Suites 2 &amp; 3 can be purhcased together for 5,816 Sf.</li></ul>

Unit Suite 3

Unit Size 3,860 SF
Condo Use Office/Medical
Price Upon Request
NOI -
Sale Type Investment or Owner User
Description
Built medical office with three private bathrooms and five exam rooms with a sink.</li></ul>
Sale Notes
This can be combined with suite 2 for a total of 5,816 rsf.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 165,390 SF
Property Type Multifamily
Property Subtype Apartment
Building Class B
Floors 10
Typical Floor Size 8,888 SF
Year Built 1950
Lot Size 0.70 AC
Zoning R7-2/R9 - Medium-Density Apartment House District with Lower Parking Requirements.

Amenities

Site Amenities

  • Doorman
  • Package Service

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 31 - 400 - 1,327
1+1 43 - 708 - 1,385
2+1 47 - 1,000 - 1,610
3+2.5 5 - 1,642
4+2.5 1 - 1,843
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100

Major Tenant Information Click Here to Access

TENANT SF Occupied LEASE END DATE
Advanced Therapeutic Endoscopy - Jan 0000
  • Listing ID: 41700678

  • Date on Market: 8/11/2026

  • Last Updated:

  • Address: 303-305 2nd Ave, New York, NY 10003

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