Ritz Tower, 465 Park Avenue

Co-op located in Midtown East, between East 57th Street & East 58th Street

Description of Ritz Tower at 465 Park Avenue

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, at the nexus of Midtown East and the Upper East Side, 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 Facts

Year Built: 1926

Building Type: Co-op

Neighborhood: Midtown East (Manhattan)

Minimum Down: 50%
Total Apartments: 142 142

Total Floors: 42

Doorman: FT Doorman

Total Floorplans:

Apartment Pricing Stats

$679

Avg. Price / ft²

Apartments for Sale (4)

$1,435

Avg. Price / ft²

Recent Sales (4)

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 (4) View history of all units

4

Available Apts

$950K - $4.85M

Price Range

$679

Avg. Price / ft²

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Apartments for Rent at 465 Park Avenue (3) View history of all units

3

Available Apts

$8,500

Prices Start At

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Ritz Tower: Rating

31

Out of 44

+

28

Out of 36

+

21

Out of 39

+

10

=

90

#34 Rated co-op in Manhattan
#7 Rated co-op - Midtown
#1 Rated co-op - Midtown East

Carter Horsley's Review of Ritz Tower

"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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