--- title: "1 RUTHERFORD Place #5R, New York City, NY 10003" description: "1 RUTHERFORD Place #5R, New York City, NY 10003 — Gramercy Park, New York City, NY. Listing Price $770,000. Studio bed, 1 bath Illustrative Buyer Commission Share of $11,550 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/1-rutherford-place-r-5R-ny-10003" source: "Real Estate Rebate Team" status: "Active" --- # 1 RUTHERFORD Place #5R, New York City, NY 10003 Gramercy Park, New York City, NY Courtesy of Serhant ## At a Glance - **Listing Price**: $770,000 - **Beds**: Studio - **Baths**: 1 - **Common Charges**: $1,069 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $770,000 - **Illustrative Buyer Commission Share**: -$11,550* - **Illustrative Net Cost**: $758,450 *Illustrative Buyer Savings of $11,550 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (9) ![1 RUTHERFORD Place #5R, New York City, NY 10003 — photo 1 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f3ce1917-ba4f-41d9-8f6e-6e73454a191f.jpg) ![1 RUTHERFORD Place #5R, New York City, NY 10003 — photo 2 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/77bd332d-dc73-4cb2-830a-d05f3362563f.jpg) ![1 RUTHERFORD Place #5R, New York City, NY 10003 — photo 3 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c96398bd-27f7-42b1-a2e3-048d157c5b75.jpg) ![1 RUTHERFORD Place #5R, New York City, NY 10003 — photo 4 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c5589d97-35b5-47af-899b-6cc75e34aa6c.jpg) ![1 RUTHERFORD Place #5R, New York City, NY 10003 — photo 5 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d6e36ac8-daed-4715-84b2-9dff93d078ab.jpg) ![1 RUTHERFORD Place #5R, New York City, NY 10003 — photo 6 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1d822a85-1e63-47a0-982d-cf8fe040371c.jpg) ![1 RUTHERFORD Place #5R, New York City, NY 10003 — photo 7 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b9a3a187-f1a1-4213-9e40-b5d9cf9dd8ea.jpg) ![1 RUTHERFORD Place #5R, New York City, NY 10003 — photo 8 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4f275d69-aeca-4d57-85d0-670502dd3f0e.jpg) ![1 RUTHERFORD Place #5R, New York City, NY 10003 — photo 9 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b0dc63d1-c15d-4612-92e7-bbc9fe97ed06.jpg) ## Property Overview Tucked along one of Gramercy's most coveted tree-lined streets and directly on Stuyvesant Square Park, this beautifully renovated studio offers the kind of light, space, and outdoor living that rarely comes at this price point in Manhattan. The living space is generous and sun-drenched, with oversized steel-framed windows, warm hardwood floors, and an exposed brick accent wall that gives the apartment real character. A separate home office nook, with its own exposed brick wall and built-in shelving, offers genuine work-from-home functionality. The kitchen has been thoughtfully renovated with white shaker cabinetry, stainless steel appliances including a gas range, and subway tile backsplash. The bathroom is equally polished: floor-to-ceiling subway tile, marble hex mosaic floors, a rain shower, and classic pedestal sink. The entry hallway features a custom arched built-in, a smart, elegant use of every inch. The crown jewel is the private terrace. Nearly 330 square feet of west-facing outdoor space, beautifully decked and large enough for dining, lounging, and entertaining. Framed by the landmarked rooftops of Gramercy, it feels like a secret garden above the city. Additional storage in the basement and shared laundry on-site round out this exceptional offering in a classic Gramercy walk-up cooperative. A rare opportunity to own on one of Manhattan's most beautiful residential streets, steps from the tranquility of Stuyvesant Square Park. 2% Flip Tax paid by buyer. ## Property Details - **Property Type**: Co-op - **Baths**: 1 - **Rooms**: 2 - **Stories**: 5 - **Year Built**: 1924 - **Common Charges**: $1,069 / Monthly - **Listed On**: May 11, 2026 - **Days on Market**: 124 Days ### Residence Features - Building In Basement - Private Outdoor Space Over 60 Sqft - City ## Sales Evidence ### How this price compares The median closed price for comparable co-op studio sales in Gramercy Park is $525,000, based on 61 sales between September 2024 and June 2026. This home is asking $770,000, $245,000 above that median. The middle half of those sales closed between $460,000 and $575,000. - **Median closed price**: $525,000 - **Middle half**: $460,000 – $575,000 - **Based on**: 61 co-op studio sales in Gramercy Park - **Period**: September 2024 – June 2026 Square footage is recorded for only 17 of these 61 sales (28%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. Across the 55 of these sales with a published asking price, the median closed at 97.1% of what it originally asked. 76% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Gramercy Park instead. ### How these sales were negotiated - **Sold vs original ask**: 97.1% of the original ask - **Closed below ask**: 76% of 55 sales - **Listed → in contract**: 71 days (about 10 weeks) - **In contract → closed**: 84 days (about 12 weeks) Across the 55 of these sales with a published asking price, the median closed at 97.1% of what it originally asked. 76% of them closed below the original ask. Half of these homes were in contract within 71 days (about 10 weeks) of coming to market, based on the 57 with a recorded listing date. Once a deal was agreed, closing took a further 84 days (about 12 weeks), based on the 58 with both dates recorded. A co-op board package and its interview account for much of that. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 61 co-op studio sales in Gramercy Park, September 2024 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for co-op studio sales in Gramercy Park, 2016 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $532,500 | 10 | | 2017 | $522,500 | 36 | | 2018 | $515,000 | 31 | | 2019 | $510,000 | 27 | | 2020 | $505,000 | 20 | | 2021 | $473,000 | 37 | | 2022 | $525,000 | 60 | | 2023 | $553,850 | 34 | | 2024 | $528,000 | 21 | | 2025 | $525,000 | 35 | | 2026 | $530,000 | 19 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Gramercy Park instead. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 1 RUTHERFORD PLACE](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1-rutherford-place) ## Price and Property History for 1 RUTHERFORD Place, Unit 5R Review the recorded listing activity for 1 RUTHERFORD Place, Unit 5R, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $15,000, or 1.9%, on July 13, 2026 - **Originally listed**: May 11, 2026 at $800,000 - **Current asking price**: $770,000 - **Last sold (recorded)**: $780,850 on August 16, 2017 | Date | Price | Listing event | | --- | --- | --- | | July 13, 2026 | $770,000 | Asking price reduced by $15,000, or 1.9% | | May 11, 2026 | $800,000 | Listed for sale by Serhant | | August 16, 2017 | $780,850 | Sold — recorded sale price | | May 2, 2017 | $825,000 | Listed for sale by Halstead dba Brown Harris Stevens Residential Sales LLC | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 10 apartments. The corporation’s 2026 property tax bill was $90,400 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 1 RUTHERFORD PLACE](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1-rutherford-place) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 1 RUTHERFORD PLACE 1 RUTHERFORD Place, New York, NY 10003 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1924 - **Total Units**: 1 - **Floors**: 5 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1-rutherford-place) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [5R](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/1-rutherford-place-r-5R-ny-10003) | Studio | 1 | — | — | $770,000 (-1.9%) | Serhant | May 11, 2026 | 123 days | ## Estimated Monthly Payment **$4,963 / month**, assuming a 20% down payment ($154,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $3,894 - **Common Charges**: $1,069 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Gramercy Park Private, Exclusive, and Historic [Explore Gramercy Park](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy-park) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Gramercy Park - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [Stuyvesant Town real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/stuyvesant-town) - [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) - [Greenwich Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/greenwich-village) - [East Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-village) - [NoHo real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/noho) ## Related Links - [1 RUTHERFORD PLACE — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1-rutherford-place) - [Gramercy Park neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy-park) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.