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

$1,244

Avg. Price / ft²

Apartments for Sale (12)

$915

Avg. Price / ft²

Recent Sale (1)

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.

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 (12)

Available Apts

$325K - $4.9M

Price Range

$1,244

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

$900,000

Avg. Price
Based on 2 Sales

Closing History - Last 10 sales

Units Sold

$325K - $4.3M

Price Range

$722

Avg. Price / ft²

View All Closed Transactions

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

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Not enough data available to generate chart.

371 Available for Sale
$1,798 Avg. Price / Ft²
$2,402,682 Avg. Price
$1,150,000 Median Price

Most Expensive 432 Park Avenue Apt 82FL | $90,000,000
Least Expensive The Excelsior Apt 7A | $245,000

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.

165 Total Sales
$1,249 Avg. Price / Ft²
$1,703,726 Avg. Price
$1,100,000 Median Price

Most Expensive 252 East 57th Street Apt PH65 | $19,907,625
Price / ft² $2,446
Least Expensive 345 East 54th Street Apt 1C | $315,000

Ritz Tower in the News

From Great Listings PRICE CUTS: The Trump slump continues with Trump World Tower condo reduced by $3.7M

By CityRealty Staff Wednesday, February 24, 2021

From Get To Know Pied-a-terre Apartments in Manhattan Under $1M

By CityRealty Staff Tuesday, February 16, 2021

From Future New York NYC's Top 10 most romantic residential rooflines and homes within them

By CityRealty Staff Friday, February 12, 2021

From Great Listings Selling at a Loss: NYC apartments listed at over 25% below previous closing price

By CityRealty Staff Tuesday, January 19, 2021

PRICE DROPS: Jeffrey Epstein's UES mansion, slashed by $23M, among biggest discounts of the week (Jan 13, 2021)
Landmark Living: Majestic homes in NYC's greatest residential buildings (Oct 30, 2020)
Related CEO Stephen Ross' Time Warner Center penthouse among nearly 600 NYC price cuts (Oct 21, 2020)
Motivated Sellers: NYC bargains from $219K in the great buyer's market of 2020 (Sep 22, 2020)
New York's wildest new listings include massive Brooklyn townhouse with cobblestone driveway and hot tub terrace (Aug 26, 2020)
How New York City neighborhoods got their names + Attainable listings in each (Aug 20, 2020)
Trump-branded condos and Clive Davis' Park Avenue duplex among this week's top price cuts (Jul 29, 2020)
Top 10 pied-a-terre buildings in NYC; See the luxury homes inside them (May 26, 2020)
NYC's biggest price cuts include a duplex penthouse with twinkling skyline views reduced by 29% (May 20, 2020)
NYC's biggest price cuts include romantic Sutton Place aerie slashed by 30% (Apr 22, 2020)
NYC Celebrity Moves + See how stars like John Legend, Norah Jones, and Marc Jacobs are supporting COVID-19 relief efforts (Apr 1, 2020)
The average Manhattan co-op is $1.33 million, See what that gets you in these 12 great neighborhoods (Jan 24, 2020)
Manhattan's biggest price cuts include Zaha Hadid-designed penthouse slashed by nearly $15M (Dec 18, 2019)
Manhattan's top price cuts under $2M include East Side classic-six now $400K off (Oct 16, 2019)
Ahead of the Mueller report release, a condo in Trump Tower tops this week's biggest NYC price cuts (Apr 17, 2019)
TEN Biggest Celebrity Moves of January 2019; Include Homes of Emily Blunt, Marco Borriello, and Jennifer Lopez (Feb 1, 2019)
Designs That Defined New York: See Inside Emery Roth's Most Iconic Buildings (Sep 21, 2018)
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 (12)

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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