Ritz Tower, 465 Park Avenue - Midtown East
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The Ritz Tower at 465 Park Avenue stands as a pivotal landmark in New York City's architectural history. Completed in 1926 by architects Emery Roth and Thomas Hastings, this 41-story limestone building was revolutionary as the city's first residential skyscraper, reaching an unprecedented height of 540 feet. The tower's construction marked a significant shift in residential architecture, pioneering the use of setback terraces and establishing new possibilities for high-rise living.
Originally commissioned by Hearst editor Arthur Brisbane, the building later became home to William Randolph Hearst and actress Marion Davies. Its distinctive design features include a heavily rusticated three-story limestone base, elegant setbacks rising to a pyramidal cap, and rooftop finials that were originally topped with gilded balls. The building's interior once housed the famous Le Pavillon restaurant and featured remarkable artistic elements, including ceiling murals by Hungarian artist Willy Pogany.
Now operating as a cooperative with 142 apartments, the Ritz Tower maintains its tradition of luxury service. Residents enjoy an array of hotel-style amenities including a full-time chef offering lunch and dinner service, 24-hour doorman and concierge, housekeeping, valet, and porter services. The building features a state-of-the-art fitness center, meeting/party room, and business center.
Located at the intersection of Park Avenue and 57th Street, the building sits at the nexus of Midtown East and the Upper East Side, offering proximity to Central Park, high-end shopping, and fine dining. The cooperative allows pied-a-terres, foreign purchasers, and corporate ownership structures, with 50% financing permitted subject to board approval.
The building's historical significance was officially recognized with landmark status in 2002. While its full glory is somewhat diminished by neighboring developments like the Galleria tower, the Ritz Tower remains an architectural icon that transformed the concept of urban living and helped shape Manhattan's skyline.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
Notable past and present residents at Ritz Tower
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