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303-305 2nd Ave - Rutherford Place 1,956 - 5,816 SF Office/Medical Condo Units in New York, NY 10003



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
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
| 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. The combined spaces have five exam rooms with sinks and four bathrooms.</li></ul> | |
| Sale Notes | |
| Suites 2 & 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
| Total Building Size | 165,390 SF | Floors | 10 |
| Property Type | Multifamily | Typical Floor Size | 8,888 SF |
| Property Subtype | Apartment | Year Built | 1950 |
| Building Class | B | Lot Size | 0.70 AC |
| Zoning | R7-2/R9 - Medium-Density Apartment House District with Lower Parking Requirements. | ||
| 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 |
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Advanced Therapeutic Endoscopy |
-
|
Jan 0000
|

