Ritz Tower, 465 Park Avenue, #25EW
$2,500,000
($1,000 per ft2)
| 3 beds, 2.5 baths | Approx. 2,500 ft2
92 days on Market
Key Details
-
Listed: Jun 7, 2024Days on Market: 92Building Type: CooperativeNeighborhood: Midtown East (Manhattan)Doorman: FT DoormanListing viewed 181 times
Monthly Maintenance:
$17,068
($6.83/ft2)
Est. Monthly Mortgage:
$7,827
Mortgage calculator
Total Est. Monthly Carrying Cost:
$24,895
($9.96/ft2)
Note: the above is based on a down payment of 50% ($1,250,000),
which is the minimum amount permitted by the building.
Insider Highlights
- Iconic Location: This property is located in the historic Ritz Tower, an architecturally significant building designed by Emery Roth, near Central Park, Madison Avenue boutiques, Bloomingdale’s, and New York City’s finest dining establishments. It's also conveniently close to the subway for easy transportation.
- Spacious and Customizable: The residence offers over 2,500 sq. ft. of interior space and 688 sq. ft. of exterior space, with potential for 2-3 generously proportioned bedrooms and 2.5 bathrooms. It also comes with two private terraces and a private elevator landing.
- Stunning Views: This sun-drenched residence boasts four exposures—north, south, east, and west—providing breathtaking views of the city.
- Five-Star Services: The Ritz Tower offers unparalleled services, including maid service, full-time doorman, concierge, valet service, a renovated fitness center, conference/party room, and a live-in superintendent.
- Exclusive Dining: The property includes private dining with lunch and dinner prepared by the Ritz Tower’s exclusive chef, served in your home five days a week.
- Building Amenities and Policies: The building amenities include an attended lobby, resident storage, central AC, health club, washer/dryer in building, elevator, and party room. Utilities are included in the monthly maintenance fees. The building permits 50% financing, pied-a-terre, and foreign purchasers. Small pets are considered with board approval.
Description
LUXURY MEETS VALUE: AN EXCLUSIVE TURNKEY OPPORTUNITY AT THE RITZ TOWER
465 Park Avenue, 25EW - Demolished and Ready for Construction - As of June 7, 2024 - Pre-Construction Phase. Discover the pinnacle of luxury living with this unparalleled opportunity to customize over 2,500 sq. ft. of usable interior space and 688 sq. ft. of combined exterior space in this full-floor residence at the iconic Ritz Tower. This unique home comes with two private terraces and the potential to be transformed into a turnkey masterpiece, with an itemized breakdown of renovation costs available.
Listed at $2.5M, we have a compelling turnkey renovation bid at an additional $2.53M, presenting a seamless transition to a bespoke living experience. This sun-drenched residence boasts four exposures—north, south, east, and west—providing breathtaking views from every angle. Featuring two private terraces and a private elevator landing, this space invites you to design your dream home with the potential for 2-3 generously proportioned bedrooms and 2.5 bathrooms, tailored to your exact specifications. Situated on the 25th floor of the legendary Ritz Tower, this landmarked building offers unparalleled five-star services, including maid service, full-time doorman, concierge, valet service, a renovated fitness center, conference/party room, and a live-in superintendent. Enjoy the luxury of private dining, with lunch and dinner prepared by the Ritz Tower’s exclusive chef, served in your home five days a week. This cooperative permits 50% financing, pied-a-terre, and foreign purchasers.
Utilities are included in the monthly maintenance fees, and small pets are considered with board approval. A 3% flip tax is paid by the purchaser. Located near Central Park, Madison Avenue boutiques, Bloomingdale’s, and New York City’s finest dining establishments such as The Polo Bar, Avra Madison Estiatorio, and Daniel, this residence offers the ultimate in urban sophistication. Constructed in 1925, the elegant limestone-clad Ritz Tower was designed by Emery Roth and Thomas Hastings. At its inception, it was the tallest residential building in New York City, breaking new ground in architectural height and design.
The Ritz Tower remains a testament to the transition in American architecture, blending classical style with unprecedented scale, and continues to be the epitome of urban living, as noted by architectural experts Robert A. M. Stern, Gregory Gilmartin, and Thomas Mellins.
Listed at $2.5M, we have a compelling turnkey renovation bid at an additional $2.53M, presenting a seamless transition to a bespoke living experience. This sun-drenched residence boasts four exposures—north, south, east, and west—providing breathtaking views from every angle. Featuring two private terraces and a private elevator landing, this space invites you to design your dream home with the potential for 2-3 generously proportioned bedrooms and 2.5 bathrooms, tailored to your exact specifications. Situated on the 25th floor of the legendary Ritz Tower, this landmarked building offers unparalleled five-star services, including maid service, full-time doorman, concierge, valet service, a renovated fitness center, conference/party room, and a live-in superintendent. Enjoy the luxury of private dining, with lunch and dinner prepared by the Ritz Tower’s exclusive chef, served in your home five days a week. This cooperative permits 50% financing, pied-a-terre, and foreign purchasers.
Utilities are included in the monthly maintenance fees, and small pets are considered with board approval. A 3% flip tax is paid by the purchaser. Located near Central Park, Madison Avenue boutiques, Bloomingdale’s, and New York City’s finest dining establishments such as The Polo Bar, Avra Madison Estiatorio, and Daniel, this residence offers the ultimate in urban sophistication. Constructed in 1925, the elegant limestone-clad Ritz Tower was designed by Emery Roth and Thomas Hastings. At its inception, it was the tallest residential building in New York City, breaking new ground in architectural height and design.
The Ritz Tower remains a testament to the transition in American architecture, blending classical style with unprecedented scale, and continues to be the epitome of urban living, as noted by architectural experts Robert A. M. Stern, Gregory Gilmartin, and Thomas Mellins.
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Listing courtesy of
Compass
Pricing History
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