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Ritz Tower, 465 Park Avenue, #26C

$495,000 | 1 bed, 1 bath
View Full Building Profile  | 
10 days on Market

Key Details

  • Listed: Apr 24, 2024
    Days on Market: 10
    Building Type: Cooperative
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 109 times
Monthly Maintenance: $5,622
Est. Monthly Mortgage: $1,712
Total Est. Monthly Carrying Cost: $7,334
Note: the above is based on a down payment of 50% ($247,500), which is the minimum amount permitted by the building.

Description

Charming and Historic 1 Bedroom with Private Terrace at Ritz Tower Perched on the 26th floor of the legendary Ritz Tower, discover this luminous 1-bedroom residence with its very own secluded terrace. As you enter Residence 26C, a welcoming foyer leads you to a well-appointed kitchenette with a GE refrigerator, dishwasher, microwave, and a Summit stove and oven. Adjacent to the foyer, the living room offers an elegant space with herringbone floors, three expansive east-facing windows, and a cozy dining alcove that opens onto a charming terrace.

This terrace is adorned with stately balustrades and intricately carved pillars, reflecting the architectural splendor of the 1920s, and provides a spectacular vantage point over Midtown Manhattan. The bedroom, seamlessly connected to the living area, boasts expansive views from two north-facing windows, a spacious walk-in closet, and an en-suite bathroom featuring marble countertops and additional north-facing views. An additional large closet is conveniently located near the bedroom entrance.

This residence supports 50% financing and is open to pied-à-terre and foreign buyers. Utilities are included in the monthly maintenance fees. Small pets may be considered subject to board approval.

A 3% flip tax is applicable, paid by the purchaser. Constructed in 1925, this prestigious limestone-clad pre-war cooperative was crafted by the esteemed Emery Roth and Thomas Hastings. At the time of its completion, the 41-story Ritz Tower was the tallest residential building in New York City, uniquely exempt from height restrictions due to its innovative design without individual kitchens. The Ritz is celebrated as a monumental achievement in American architecture, with Roth and Hastings infusing classical elegance into a structure of unprecedented scale and grandeur.

Described by historians like Robert A. M. Stern, Gregory Gilmartin, and Thomas Mellins as the pinnacle of urban living, the Ritz Tower stands at the northeast corner of 57th Street, offering unparalleled five-star services. These include daily maid service, a full-time doorman, concierge, valet service, a newly renovated fitness center, a conference/party room, and an on-site resident manager. Shareholders can indulge in exclusive dining experiences, with meals prepared by the Ritz Tower’s resident Chef and served in their apartments, available five days a week.

Located mere steps from Central Park, high-end Madison Avenue boutiques, Bloomingdales, and top New York dining destinations like The Polo Bar, Avra Madison Estiatorio, and Daniel, the Ritz Tower epitomizes luxury Manhattan living.

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Apartment Amenities

  • Terrace
Listing courtesy of Compass

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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