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Ritz Tower, 465 Park Avenue, #7BC

$2,750,000 ($1,196 per ft2) | 3 beds, 3.5 baths | Approx. 2,300 ft2
Building Profile  | 
290 days on Market

Key Details

  • Listed: Jan 30, 2024
    Last Price Change: ($200,000) on Sep 23
    Days on Market: 290
    Building Type: Cooperative
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 345 times
Monthly Maintenance: $12,199 ($5.30/ft2)
Est. Monthly Mortgage: $9,111
Total Est. Monthly Carrying Cost: $21,310 ($9.27/ft2)
Note: the above is based on a down payment of 50% ($1,375,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This property is located in the iconic Ritz Tower at the corner of Park Avenue and 57th Street, offering convenient access to Central Park, the business district, Madison Avenue boutiques, shopping stores, restaurants, and the Upper East Side. It's also in close proximity to the subway for easy transportation.
  • Spacious and Versatile: With over 2300 square feet of space, this property can be used as two adjacent apartments or easily combined into one. It features a 22 foot long marble floored gallery with high ceiling and crown moldings, large street facing windows in the dining room, and a grand corner living room overlooking both Park Avenue and 57th Street.
  • Luxurious Bedrooms: The property boasts a large master bedroom with a spacious en-suite bath and a walk-in closet, as well as a second bedroom/den with an adjoining full bath and large walk-in closet.
  • Modern Amenities: The apartment is in move-in condition with recent renovations, a large washer/dryer closet, a contemporary kitchen with top of the line appliances, and endless closets and storage areas. Electricity is included in maintenance.
  • Building Features: The Ritz Tower provides full hotel services and building amenities include an attended lobby, FT Doorman, resident storage, central AC, health club, washer/dryer in building, elevator, and party room.
  • Flexible Ownership and Pet-Friendly: The building allows for different forms of ownership, allows pets, financing (50%), pieds-a-terre and is pet-friendly.

Description

Unique and exciting opportunity to live in this rarely available sought after B/C combination in the iconic Ritz Tower at the corner of Park Avenue and 57th Street. Ritz Tower is one of the few residential buildings with hotel like services that make living in New York City easy and pleasurable.

Come home to a stunning residence that exudes elegance and sophistication with over 2300 square feet of space. Use as currently configured as two adjacent apartments or easily combine them into one.

Enter the apartment through the 22 foot long gracious marble floored gallery with its high ceiling and crown moldings.

The gallery flows through to the classic dining room boasting large street facing windows, enhancing the feeling of openness and space. To the right is the grand corner living room overlooking both Park Avenue and 57th Street and flowing in sunlight through its oversized windows. It is perfect for entertaining or relaxing with extensive built in storage areas and an entrance to the dining room.

The large master bedroom faces Park Avenue and has a spacious en-suite bath with a walk in closet that is 7’-3"x &’-7" with a 10 foot ceiling.

On the opposite side of the apartment is an expansive second bedroom/den with an adjoining full bath and large walk in closet, which provides privacy from the entertaining spaces of the apartment and the primary bedroom.

There are endless closets and storage areas, a large washer/dryer closet and a contemporary kitchen with top of the line appliances.

This apartment is in move in condition with all, but the primary bedroom and bath, having just been fully renovated.

Adjoining the B apartment is a large one bedroom apartment, also in move in condition, with 1 and a half baths and its own Pullman kitchen. Use it as the current owner has, as a private supplemental apartment for visiting family, an office, for card games and a place for staff to stay over or be on call during the day, or easily combine it with the B apartment to add additional bedrooms/dens/play areas or work space.

The Ritz Tower provides full hotel services to its residents to make living as easy as possible. It was designed by noted architect Emery Roth and, when built in 1925, was the tallest residential tower in the world.

This white glove building, with its hospitable staff, provides extensive services, including (if desired) housekeeping, laundry service, valet, exclusive chef and room service, a conference room and business center, an event room, a fitness center, storage, a concierge desk and a staff dedicated to service under the direction of the on-site Managing Director.

The building allows pets, financing (50%), pieds-a-terre and different forms of ownership. Electricity is included in maintenance.

The Ritz Tower is at the center of the East Side with Central Park just steps away. The building is convenient to the business district, the boutiques of Madison Avenue and other desirable shopping stores, endless restaurants and the elegant residential Upper East Side.

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Listing courtesy of Brown Harris Stevens Residential Sales LLC

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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