---
title: "305 2nd Avenue #518, New York City, NY 10003"
description: "305 2nd Avenue #518, New York City, NY 10003 — Gramercy Park, New York City, NY. Listing Price $1,200,000. 1 bed, 1 bath, 897 sqft Illustrative Buyer Commission Share of $18,000 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/305-2nd-avenue-518-ny-10003"
source: "Real Estate Rebate Team"
status: "Active"
---

# 305 2nd Avenue #518, New York City, NY 10003

Gramercy Park, New York City, NY

Courtesy of Compass

## At a Glance

- **Listing Price**: $1,200,000
- **Beds**: 1
- **Baths**: 1
- **Sqft**: 897
- **Common Charges**: $734 / mo
- **Monthly Taxes**: $1,207 / mo
- **Price per Sqft**: $1,338
- **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**: $1,200,000
- **Illustrative Buyer Commission Share**: -$18,000*
- **Illustrative Net Cost**: $1,182,000

*Illustrative Buyer Savings of $18,000 — 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 (10)

![305 2nd Avenue #518, New York City, NY 10003 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d85c7e69-58c7-4ea4-9254-08ab2f20e4b8.jpg)
![305 2nd Avenue #518, New York City, NY 10003 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/42fc7e1b-30ae-4192-afac-ebc3a48f49d2.jpg)
![305 2nd Avenue #518, New York City, NY 10003 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a657a31a-c93a-4ee3-ba80-65a874e84b8e.jpg)
![305 2nd Avenue #518, New York City, NY 10003 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/536238f2-80ea-4d20-a4b0-3f66426193d0.jpg)
![305 2nd Avenue #518, New York City, NY 10003 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/de9a88f8-28c6-42d2-9c24-e3b6f7d20d8b.png)
![305 2nd Avenue #518, New York City, NY 10003 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/12369d6a-173d-4772-8726-ab9f73f9e33b.jpg)
![305 2nd Avenue #518, New York City, NY 10003 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8e877f27-07f3-4efb-8ad0-d5c01dec63c6.jpg)
![305 2nd Avenue #518, New York City, NY 10003 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/15cf9490-d7ba-425b-a0b3-ce89edc5303d.png)
![305 2nd Avenue #518, New York City, NY 10003 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/29341e6a-cb1f-4251-b82a-a1376c3bade7.png)
![305 2nd Avenue #518, New York City, NY 10003 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e9e86e6c-6cbb-4005-bc06-3e06151c665f.jpg)

## Property Overview

Dramatic and bright, this oversized one bedroom duplex loft features soaring 16 foot ceilings and oversized windows framing an open north view. This home boasts a windowed kitchen with breakfast bar, granite counters, Poggenpohl cabinetry, Viking range, Subzero fridge, Bosch dishwasher and Dacor built-in microwave. The ample bedroom has full height ceilings and overlooks the living area below. The windowed bath features granite tiles and designer fixtures.

Known for its unique, one-of-a-kind residences and low common charges, Rutherford Place was built in 1902 and is listed on the National Register of Historic Places. This well run condominium offers a 24 hour concierge, rooftop fitness room, laundry rooms on every floor, bicycle room, resident manager, and a furnished planted roof terrace that overlooks a historic park. Superb location at East 17th Street and Stuyvesant Square Park, close to Union Square, the popular Farmer's Market and many wonderful restaurants. In unit washer/dryers are permitted. Pets are welcome!

## Property Details

- **Property Type**: Condominium
- **Beds**: 1
- **Baths**: 1
- **Rooms**: 3
- **Sqft**: 897 sqft
- **Stories**: 9
- **Year Built**: 1903
- **Price per Sqft**: $1,338
- **Common Charges**: $733.71 / Monthly
- **Monthly Taxes**: $1,207 / mo
- **Listed On**: Apr 23, 2026
- **Days on Market**: 143 Days

### Residence Features

- Central Air
- Building Washer Dryer Install Allowed
- Common On Floor
- Common Area
- Valet
- Building Roof Deck
- Entrance Foyer
- High Ceilings
- Dishwasher
- Range

### Building Amenities

- Valet

## Sales Evidence

### Recent closed sales

25 apartments at Rutherford Place have recorded sales since September 2021, the most recent for $885,000 in February 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| 1F (Apartment) | 1 | — | $885,000 | — | February 27, 2026 | City record · MLS |
| 527 (Apartment) | 2 | 1,022 | $2,100,000 | $2,055/ft² | December 29, 2025 | City record |
| 2F (Apartment) | 1 | — | $1,135,000 | — | December 16, 2025 | City record · MLS |
| 516 (Apartment) | 1 | 1,170 | $1,360,000 | $1,162/ft² | October 31, 2025 | City record · MLS |
| 325 (Apartment) | 2 | 1,529 | $1,900,000 | $1,243/ft² | September 23, 2025 | City record · MLS |
| 530 (Duplex) | 2 | 1,081 | $1,360,000 | $1,258/ft² | September 17, 2025 | City record · MLS |
| 721 (Duplex) | 2 | 1,054 | $1,500,000 | $1,423/ft² | July 17, 2025 | City record · MLS |
| 719 (Duplex) | 1 | 1,088 | $1,525,000 | $1,402/ft² | May 13, 2025 | City record · MLS |
| 522 (Triplex) | 1 | 1,327 | $1,665,000 | $1,255/ft² | October 22, 2024 | City record · MLS |
| 718 (Duplex) | 1 | 990 | $1,317,500 | $1,331/ft² | August 13, 2024 | City record · MLS |
| 517 (Triplex) | 2 | 1,071 | $1,590,000 | $1,485/ft² | March 8, 2024 | City record · MLS |
| 727 (Apartment) | 1 | 917 | $1,545,000 | $1,685/ft² | January 5, 2024 | City record · MLS |
| 701 (Duplex) | 2 | 1,258 | $1,875,000 | $1,490/ft² | October 2, 2023 | City record · MLS |
| 533 (Apartment) | 2 | 1,146 | $1,675,000 | $1,462/ft² | September 29, 2023 | City record |
| 332 (Triplex) | 1 | 949 | $1,325,000 | $1,396/ft² | September 26, 2023 | City record · MLS |
| 539 (Duplex) | 1 | 897 | $1,315,000 | $1,466/ft² | June 27, 2023 | City record · MLS |
| 513 (Apartment) | 1 | 1,200 | $1,625,000 | $1,354/ft² | June 26, 2023 | City record · MLS |
| 311 (Apartment) | 1 | 1,108 | $1,450,000 | $1,309/ft² | May 24, 2023 | City record · MLS |
| 325 (Apartment) | 2 | 1,172 | $1,940,000 | $1,655/ft² | April 28, 2023 | City record · MLS |
| 515 (Apartment) | — | 1,424 | $2,125,000 | $1,492/ft² | February 22, 2023 | City record |
| 327 (Apartment) | Studio | 611 | $829,000 | $1,357/ft² | June 22, 2022 | City record · MLS |
| 302 (Apartment) | — | 1,176 | $1,405,000 | $1,195/ft² | June 21, 2022 | City record |
| 716 (Apartment) | 2 | 1,625 | $1,930,000 | $1,188/ft² | May 31, 2022 | City record |
| 345 (Apartment) | 2 | 1,308 | $1,775,000 | $1,357/ft² | February 10, 2022 | City record · MLS |
| 725 (Apartment) | 2 | 924 | $1,750,000 | $1,894/ft² | September 16, 2021 | City record |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

The median closed price for comparable one-bedroom sales at Rutherford Place is $1,450,000, based on 9 sales between May 2023 and October 2025. This home is asking $1,200,000, $250,000 below that median. The middle half of those sales closed between $1,325,000 and $1,545,000.

- **Median closed price**: $1,450,000
- **Middle half**: $1,325,000 – $1,545,000
- **Based on**: 9 one-bedroom sales at Rutherford Place
- **Period**: May 2023 – October 2025
- **Median $/ft²**: $1,354/ft²

Across the 7 of these sales with a published asking price, the median closed at 92.4% of what it originally asked. 100% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 92.4% of the original ask
- **Closed below ask**: 100% of 7 sales
- **Listed → in contract**: 106 days (about 15 weeks)
- **In contract → closed**: 50 days (about 7 weeks)

Across the 7 of these sales with a published asking price, the median closed at 92.4% of what it originally asked. 100% of them closed below the original ask.

Half of these homes were in contract within 106 days (about 15 weeks) of coming to market, based on the 9 with a recorded listing date.

Once a deal was agreed, closing took a further 50 days (about 7 weeks), based on the 9 with both dates recorded.

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 9 one-bedroom sales at Rutherford Place, May 2023 – October 2025. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median price per square foot for sales at Rutherford Place, 2017 to 2025. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year.

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $1,904/ft² | 6 |
| 2018 | $1,503/ft² | 9 |
| 2019 | $1,606/ft² | 4 (thin) |
| 2020 | $1,539/ft² | 4 (thin) |
| 2021 | $1,607/ft² | 6 |
| 2022 | $1,195/ft² | 3 (thin) |
| 2023 | $1,464/ft² | 8 |
| 2024 | $1,408/ft² | 4 (thin) |
| 2025 | $1,258/ft² | 5 |

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

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 Rutherford Place](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/rutherford-place)

## Price and Property History for 305 2nd Avenue, Unit 518

Review the recorded listing activity for 305 2nd Avenue, Unit 518, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $50,000, or 4%, on June 22, 2026
- **Originally listed**: April 20, 2026 at $1,250,000
- **Current asking price**: $1,200,000
- **Last sold (recorded)**: $965,000 on March 15, 2013

| Date | Price | Listing event |
| --- | --- | --- |
| August 13, 2026 | $1,200,000 | Listing removed from the market |
| June 22, 2026 | $1,200,000 | Asking price reduced by $50,000, or 4% |
| April 20, 2026 | $1,250,000 | Listed for sale by Compass |
| March 15, 2013 | $965,000 | Sold — recorded sale price |
| February 4, 2013 | $999,000 | Listed for sale by The Corcoran Group |

## Property Tax History

Taxes at 305 2nd Avenue #518 were $14,551 in 2026, up 1.7% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $124,569 | $10,701 | $113,868 | $116,406 | $14,551 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $133,255 | $10,701 | $122,554 | $114,413 | $14,302 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $125,339 | $10,701 | $114,638 | $111,740 | $13,968 | 12.5% |
| 2023 (FY 2023/24) | $128,271 | $10,701 | $117,570 | $113,978 | $14,250 | 12.502% |
| 2022 (FY 2022/23) | $126,584 | $10,701 | $115,883 | $114,376 | $14,031 | 12.267% |
| 2021 (FY 2021/22) | $123,867 | $10,701 | $113,166 | $121,920 | $14,917 | 12.235% |
| 2020 (FY 2020/21) | $137,195 | $10,701 | $126,494 | $117,994 | $14,474 | 12.267% |
| 2019 (FY 2019/20) | $134,111 | $10,701 | $123,410 | $114,014 | $14,221 | 12.473% |
| 2018 (FY 2018/19) | $120,714 | $10,701 | $110,013 | $105,602 | $13,319 | 12.612% |
| 2017 (FY 2017/18) | $119,124 | $10,701 | $108,423 | $100,911 | $12,835 | 12.719% |
| 2016 (FY 2016/17) | $109,603 | $10,701 | $98,902 | $92,638 | $11,943 | 12.892% |
| 2015 (FY 2015/16) | $103,021 | $10,701 | $92,320 | $87,228 | $11,238 | 12.883% |
| 2014 (FY 2014/15) | $98,981 | $10,701 | $88,280 | $77,871 | $10,010 | 12.855% |
| 2013 (FY 2013/14) | $91,295 | $10,701 | $80,594 | $69,279 | $9,107 | 13.145% |
| 2012 (FY 2012/13) | $85,495 | $10,701 | $74,794 | $67,109 | $8,846 | 13.181% |
| 2011 (FY 2011/12) | $82,852 | $10,701 | $72,151 | $59,348 | $7,972 | 13.433% |
| 2010 (FY 2010/11) | $56,246 | $10,701 | $45,545 | $51,632 | $6,894 | 13.353% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 1008981099. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### Rutherford Place

Gramercy Park · Triplex

305 2nd Avenue, New York, NY 10003

A building in Gramercy Park, currently featuring 6 active listings.

- **Year Built**: 1902
- **Total Units**: 6
- **Floors**: 9

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/rutherford-place)

### Available Residences — For Sale (6)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [518](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/305-2nd-avenue-518-ny-10003) | 1 | 1 | 897 sqft | $1,338 | $1,200,000 (-4.0%) | Compass | Apr 23, 2026 | 143 days |
| [310](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/305-2nd-avenue-310-ny-10003) | 1 | 1 | 980 sqft | $1,265 | $1,240,000 (-5.3%) — In contract | Berkshire Hathaway HomeServices New York Properties | Jan 20, 2026 | 236 days |
| [542](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/305-2nd-avenue-542-ny-10003) | 3 | 3 | 2,048 sqft | $1,343 | $2,750,000 — In contract | Brown Harris Stevens Residential Sales LLC | Mar 1, 2026 | 196 days |
| [328](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/305-2nd-avenue-328-ny-10003) | 2 | 2 | 1,180 sqft | $1,525 | $1,800,000 | Sothebys International Realty | Mar 23, 2026 | 174 days |
| [312](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/305-2nd-avenue-312-ny-10003) | 1 | 2 | 1,206 sqft | $1,368 | $1,650,000 | Bond New York Properties LLC | Jul 13, 2026 | 62 days |
| [709](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/305-2nd-avenue-709-ny-10003) | 1 | 1 | 823 sqft | $1,640 | $1,350,000 | Compass | Sep 8, 2026 | 5 days |

## Estimated Monthly Payment

**$8,008 / month**, assuming a 20% down payment ($240,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $6,068
- **Property Taxes**: $1,207
- **Common Charges**: $734

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

- [Rutherford Place — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/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.