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

$1,117

Avg. Price / ft²

Apartments for Sale (9)

$684

Avg. Price / ft²

Recent Sale (1)

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 (9) View history of all units

9

Available Apts

$495K - $3.95M

Price Range

$1,117

Avg. Price / ft²

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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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Subways

N
Q
R
4
5
6

at Lexington Ave and 60th 0.13 miles

M
E

at 5th Ave and 53rd 0.28 miles

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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

$899,000

Avg. Price
Based on 1 Sales

Ritz Tower in the News

From Get To Know Motivated sellers from $379K: Listings include a London Terrace roost and a renovated West Village townhouse 32% off

Tuesday, July 23, 2024

From Great Listings Matchless Elegance: Homes in buildings designed by Emery Roth, NYC's greatest residential architect

Thursday, April 4, 2024

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Price Cuts: Park Avenue co-op with private terrace reduced by $800K; Sponsor Southgate penthouse gets 25% haircut (Jan 3, 2024)
Price Cuts: Douglas Fairbanks Jr.'s Park Avenue apartment reduced by $250K; Classic eight on Fifth Avenue gets $750K haircut (Dec 29, 2023)
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Price Cuts: Ivana Trump's townhouse reduced by $4 million; Park Avenue simplex now 25% off (Sep 12, 2023)
In time for New York Fashion Week, see city apartments with custom closet space and dazzling dressing rooms (Sep 7, 2023)
Price Cuts: Ritz Tower apartment nearly 50% off; Village penthouse reduced by $1 million (Aug 1, 2023)
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PRICE CUTS: Yorkville penthouse has masonry fireplace, private terrace with hot tub, and $1.5 million price reduction (Oct 12, 2022)
Price Cuts: Battery Park City penthouse gets 58% haircut; Gramercy apartment discounted to $450K (Jul 27, 2022)
Price Cuts: eBay exec's Village apartment reduced 21%; Artist's Soho loft slashed by $1.9M (Jun 15, 2022)
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Price Cuts: Soho mansion with rich history reduced by $3M; Fifth Ave home with balcony overlooking Central Park Zoo now 29% off (Mar 16, 2022)
Price Cuts: Embattled developer Ziel Feldman discounts UES penthouse by $5.5M; One57 solarium pad $2.6M off (Mar 9, 2022)
From $495K: NYC apartments with buyer incentives to sweeten the deal (Jan 21, 2022)
Price Cuts: Reduced NYC listings include top-floor Soho loft reduced by $1M (May 19, 2021)
Selling at a Loss: Underwater listings include Metal Shutter Houses' penthouse designed by Shigeru Ban (Mar 12, 2021)
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Related CEO Stephen Ross' Time Warner Center penthouse among nearly 600 NYC price cuts (Oct 21, 2020)
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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

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

Description of Ritz Tower at 465 Park Avenue

Building Facts

Apartment Pricing Stats

Building Amenities

Apartments for Sale at 465 Park Avenue (9) View history of all units

Ritz Tower: Rating

Architecture Rating: 31 / 44

Location Rating: 28 / 36

Features Rating: 21 / 39

CityRealty Rating Reference

Carter Horsley's Review of Ritz Tower

Broker & Buyer Comments

Area Map | StreetView

Subways

Sales History

Sales Summary - Past 12 Months

Closing History - Last 10 sales

Pricing Comparison of Similar Buildings

Ritz Tower in the News

Top Ten Lists:

Famous Residents

Alternate Addresses

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