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

$1,311

Avg. Price / ft²

Apartments for Sale (6)

$784

Avg. Price / ft²

Recent Sales (3)

Description

The Ritz Tower is an iconic Emery Roth residential co-op circa 1926, which offers world-class hotel style services including 24-hour doorman/concierge, chef on the premises offering lunch and dinner for residents in their home, housekeeping services, housekeeping, valet, and porters. Amenities include a state-of-the-art fitness center, meeting/party room, business center, 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.

Building Amenities

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

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Apartments for Sale at 465 Park Avenue (6)

Available Apts

$595K - $4.5M

Price Range

$1,311

Avg. Price / ft²

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Rating

Out of 44

Out of 36

Out of 39

#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

"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

Broker & Buyer Comments

"Very difficult pet policy. Tiny dogs only with board approval. Great building for foreign buyer's that want Park Ave. as long as they have strong financials. Purchaser's need EXTREMELY good financials + EXTREMELY good reference letters. I am the #1 selling broker in the building (sellers and buyers) for the past 5 years."

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Area Map | StreetView

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More Neighborhood Info

Subways

at Lexington Ave and 60th 0.13 miles

at 5th Ave and 53rd 0.28 miles

at Lexington Ave and 63rd 0.30 miles

Sales History

View Full Sales History

Sales Summary - Past 12 Months

View By Apartment Sizes

Past 12 Months

$759,774

Avg. Price
Based on 4 Sales

Closing History - Last 10 sales

Units Sold

$259.1K - $2.7M

Price Range

$784

Avg. Price / ft²

View All Closed Transactions

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Map Graph Heat Map

Not enough data available to generate chart.

502 Available for Sale
$1,686 Avg. Price / Ft²
$2,224,316 Avg. Price
$996,500 Median Price

Most Expensive 432 Park Avenue Apt 82FL | $79,000,000
Least Expensive 339 East 58th Street Apt 4E | $249,000

Map Graph Heat Map

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.

193 Total Sales
$1,197 Avg. Price / Ft²
$1,540,705 Avg. Price
$1,150,000 Median Price

Most Expensive 432 Park Avenue Apt 34 | $19,768,295
Price / ft² $2,444
Least Expensive Senate East Apt 7B | $245,000
Price / ft² $673

Ritz Tower in the News

From Great Listings Price Cuts: Reduced NYC listings include top-floor Soho loft reduced by $1M

By CityRealty Staff Wednesday, May 19, 2021

From Great Listings Designs That Defined New York: Inside Emery Roth's Most Iconic Buildings

By CityRealty Staff Thursday, April 22, 2021

From Future New York Top 10 pied-a-terre buildings in NYC; See the luxury homes inside them

By CityRealty Staff Friday, April 16, 2021

From Great Listings Selling at a Loss: Underwater listings include Metal Shutter Houses' penthouse designed by Shigeru Ban

By CityRealty Staff Friday, March 12, 2021

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New Listings: Ten Comfy Co-ops Priced Under $550K, Includes Carnegie Hill One-Bed for $399K (Feb 8, 2018)
Macklowe Organization in contract for The Drake Hotel site (Jan 30, 2006)

Top Ten Lists:

"Top 10 Residential Buildings Designed by Emery Roth"

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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Ritz Tower, 465 Park Avenue

Between East 57th Street & East 58th Street

Key Details

Description

Building Amenities

Apartments for Sale at 465 Park Avenue (6)

Rating

Architecture Rating: 31 / 44

Location Rating: 28 / 36

Features Rating: 21 / 39

CityRealty Rating Reference

Carter Horsley's Review

Broker & Buyer Comments

Area Map | StreetView

Subways

Sales History

Sales Summary - Past 12 Months

Closing History - Last 10 sales

Pricing Comparison of Similar Buildings

In The Neighborhood: What’s Available & Sales Stats

Ritz Tower in the News

Top Ten Lists:

Famous Residents

Alternate Addresses

Featured New Developments

Similar Buildings

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