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Ritz Tower, 465 Park Avenue, #18BC

$3,650,000 ($1,460 per ft2) | 3 beds, 4 baths | Approx. 2,500 ft2
Building Profile  | 
37 days on Market

Key Details

  • Listed: Oct 9, 2024
    Days on Market: 37
    Building Type: Cooperative
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 233 times
Monthly Maintenance: $13,775 ($5.51/ft2)
Est. Monthly Mortgage: $12,093
Total Est. Monthly Carrying Cost: $25,868 ($10.35/ft2)
Note: the above is based on a down payment of 50% ($1,825,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Spacious and Elegant Interior: The apartment is impeccably renovated with high-quality finishes, featuring approximately 2,500 square feet of living space, 3 bedrooms, 4 bathrooms, high ceilings, and solid hardwood floors throughout. The oversized windows offer iconic city views.
  • Modern Kitchen and Energy Efficiency: The windowed kitchen comes with ample counter and storage space, and a walk-in pantry. The apartment includes multi-zone HVAC and new double glazed windows for energy efficiency.
  • Convenience and Security: The building provides a full-time doorman for added security and convenience. It also includes in-unit washer/dryer hookups and allows pied-a-terres, 50% financing, and conditionally accepts purchases both in Trusts and LLCs.
  • Building Amenities and Services: The Ritz Tower offers a fitness center, party room, resident storage, and full hotel services, including room service, housekeeping, valet and laundry, check cashing, newspaper delivery, notary public service weekdays, and safety deposit boxes.
  • Pet-Friendly: The building is pet-friendly, making it a perfect choice for pet owners.
  • Prime Location: This luxurious property is located in the historic Ritz Tower in the desirable Midtown East neighborhood, designed by renowned architect Emery Roth. It's in close proximity to Central Park, high-end shopping, fine dining, and public transportation.

Description

Residence 18BC at 465 Park Avenue, The Ritz Tower, is a sublime example of a timeless, luxurious home, impeccably renovated, bathed in natural light, & housed in one of the most beloved white-glove historic co-ops in New York.
An 23 foot long grand gallery leads to a sweeping expanse- a glorious triptych of handsome library, dramatic corner salon and inviting formal dining room. With nearly 10 foot ceilings, solid hardwood floors & oversized windows framing iconic city views, these perfectly proportioned rooms are ideally composed for large scale entertaining, yet equally intimate for smaller gatherings of friends. The windowed kitchen overlooking Park Avenue has ample counter and storage space along with a walk-in pantry- discreetly accessed off the dining room for home meal preparation or catering services.

The guest bathroom situated off the gallery of completes the impressive public space of this remarkable turnkey home.
The owners’ wing is composed of a sunlit guest bedroom with private marble bathroom and custom closets. The piece de resistance is the show-stopping primary suite, offering close to 500 sq feet, with dual marble baths, bespoke paneled dressing rooms and a cavernous king-sized bedroom with seating area.
The many desirable features of this gorgeous home include multi-zone HVAC, new double glazed windows, Lutron ambient lighting, in-unit washer/dryer hookups and all rooms facing South or West over Park Avenue & 57th Street.
Once the tallest residential apartment tower in the world when built in 1926, and designed by noted architect Emery Roth - The Ritz Tower is a white-glove co-op that offers 5-star service, with one of the most capable and hospitable staffs imaginable- perfectly situated at the nexus of Midtown and the Upper East Side. Among its many amenities are an exclusive chef, 24 hour concierge and doormen, house-keeping services, valet and porters.

The fitness facilities have recently been remodeled and updated, as well as the conference room and business center. The building is pet-friendly, allows pied-a-terres, 50% financing, and conditionally accepts purchases both in Trusts and LLCs. 3% flip tax is paid by the buyer.

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Apartment Amenities

  • City View
Listing courtesy of Corcoran Group

Pricing History

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About Ritz Tower, 465 Park Avenue

90

Ritz Tower, 465 Park Avenue has received a CityRealty Rating of 90, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

31
Out of 44
+
28
Out of 36
+
21
Out of 39
+
10
=
90
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Architectural Masterpiece 8 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Individual Designation 2 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
A lot 0 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
More than 5 Short Blocks 0 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Stunning 5 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
Some 1 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Attended Lobby
  • FT Doorman
  • Resident Storage
  • Central AC
  • Health Club
  • Washer/Dryer in building
  • Elevator
  • Party Room

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Pros
  • Architectural masterpiece by Emery Roth
  • Historically very important
  • Formerly housed Le Pavilion Restaurant
  • Full hotel services
  • Maid and valet service available
  • Close to Subway
Cons
  • No roof deck
  • Many apartments
  • No sidewalk landscaping
  • No garage
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Subways

  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Lexington Ave and 60th 0.13 miles
  1. M
  2. E
at 5th Ave and 53rd 0.28 miles
  1. F
at Lexington Ave and 63rd 0.30 miles

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