1 Rutherford Place

If you're stuck on the idea of living in Manhattan, in a super-desirable neighborhood near just about everything great, but you're on a budget of under $1 million, you're probably checking out studios. And if you're good with studio living, this gorgeous little pre-war co-op at 1 Rutherford Place in Gramercy Park would be hard to turn down. Besides being in a lovely building and possessed of custom details like a wall of steel and glass, you get a private outdoor terrace that's almost as big as the apartment itself.
Check it out