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A blog from CityRealty (Links below will take you to the 6sqft site)

Ritz Tower, 465 Park Avenue

Between East 57th Street & East 58th Street

Key Details

  • Year Built 1926
    Building Type Cooperative
    Neighborhood Midtown East
  • Total Apartments 142
    Total Floors 42
    Doorman FT Doorman
Avg. Price / ft2
N/A
Avg. Price / ft2
N/A
Avg. Price / ft2

Description

The Ritz Tower is an iconic Emery Roth residential co-op circa 1926, which offers world-class hotel style services, chef on the premises offering lunch and dinner for residents in their home, housekeeping services, state-of-the-art fitness center, meeting/party room and individual storage. Located at 465 Park Avenue, it is well situated near Central Park, high-end shopping, fine dining, and public transportation.

Pied-a-terres, foreign purchasers, LLC 's, trusts, and corporate name purchases are allowed but subject to board approval. Pets are welcome, and there is a 3% flip tax paid by the buyer.

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Building Amenities

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

Apartments for Sale at 465 Park Avenue (13)

13
Available Apts
$395K - $5M
Price Range
$1,292
Avg. Price / ft2
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Apartments for Rent at 465 Park Avenue (1)

1
Available Apts
$8,500
Prices Start At
N/A
Avg. Price / ft2
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Rating

31
Out of 44

Architecture Rating: 31 / 44

+
28
Out of 36

Location Rating: 28 / 36

+
21
Out of 39

Features Rating: 21 / 39

+
10
=
90

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
  • #34 Rated co-op in Manhattan
  • #7 Rated co-op - Midtown
  • #1 Rated co-op - Midtown East
 
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Carter Horsley's Review

Carter Horsley's Building Review
"The city's most elegant apartment hotel, the Ritz at 465 Park Avenue on the northeast corner at 57th Street, is best known for its rooftop finials, and as the former site of Le Pavillon, the famous and expensive French restaurant that for many years occupied most of its 57th Street retail frontage.

Its real significance, however, was in making an individualistic tower an acceptable residential building form and in creating setback terraces. When it was built, it nearly tripled the heights to which luxury apartment houses were then soaring." Read Carter's Full Review
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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More Neighborhood Info

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
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$1,400,000
Avg. Price
Based on 3 Sales
 

Closing History - Last 10 sales

10
Units Sold
$325K - $4.3M
Price Range
$529
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 493 Available for Sale
  • $1,664 Avg. Price / Ft2
  • $2,460,766 Avg. Price
  • $1,150,000 Median Price
  1. Most Expensive 432 Park Avenue Apt 82FL | $90,000,000
  2. Least Expensive The St. Regis Apt 901 | $110,000
    Price / ft2 $118
Not enough data available to generate chart.
  • 324 Available for Rent
  • $64 Avg. Price / Ft2
  • $6,106 Avg. Price
  • $4,050 Median Price
  1. Most Expensive 432 Park Avenue Apt 71B | $80,000
    Price / ft2 $239
  2. Least Expensive The Lex 54 Condominium Apt MR2 | $1,500
Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
Not enough data available to generate chart.
  • 215 Total Sales
  • $1,341 Avg. Price / Ft2
  • $2,051,172 Avg. Price
  • $1,105,329 Median Price
  1. Most Expensive 432 Park Avenue Apt 65A | $23,980,000
    Price / ft2 $5,967
  2. Least Expensive The Gaylord Apt 15G | $200,000

Famous Residents

 

Alternate Addresses

  • 103 East 57th Street
  • 105 East 57th Street
  • 107 East 57th Street
  • 109 East 57th Street
  • 111 East 57th Street
  • 113 East 57th Street
  • 461 Park Avenue

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