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Ritz Tower, 465 Park Avenue, #12A

Listing no longer available on CityRealty as of Oct 30, 2020
It previously was on the market for a total of 840 days.
Last Sold on Sep 15, 2020 for $1,300,000
2 beds, 2 baths | Approx. 1,420 ft2
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  • Buyers
  • George Nicholson
  • Sellers
  • Carter Bales Ii, Executor
  • Estate Of Carter Bales
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12 apartments are currently available in this building.
840 days on Market

Pricing History

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Key Details

  • Listed: Jul 13, 2018
    Last Price Change: -21.2% ($350,000) on Oct 11
    Days on Market: 840
    Building Type: Cooperative
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 326 times
Monthly Maintenance: $4,473 ($3.15/ft2)
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $8,907 ($6.27/ft2)
Note: the above is based on a down payment of 50% ($650,000), which is the minimum amount permitted by the building.

Description

12A is an impressive, renovated 1,400 sqft two-bedroom, two-bathroom apartment with approximately 10’ ceilings. This light-filled home is in the full-service Ritz Tower on 57th and Park, an oasis in a AAA location. The Ritz Tower offers hotel-like services to all residents with just over 40 in staff, more details about the services are below.

The 15’ wide living room and master bedroom overlook Park Avenue. The entertaining rooms have beautiful custom millwork and detailed moldings. There is ample closet space within the apartment and a washer and dryer to boot.

There is thru-wall AC in each room. The sleek modern kitchen has been well-conceived. The master bedroom faces Park Avenue and has a large walk-in closet.

There is also a renovated marble master bath with a double vanity. The handsomely appointed second bedroom is pin-drop quiet and allows for excellent storage. It too has an en suite renovated bath.

There is a 3% flip tax to be paid by the purchaser. 50% financing. Showings permitted Monday through Friday from 9AM - 430PM.


Building: -Purchase in LLC, trust, foreign entity allowed (50% financing) -Pied-a-terre permitted -Built in 1925 by Emery Roth and Thomas Hastings (formerly of Carrere and Hastings) -41 stories tall, approximately 100 units -Approx. 43 in staff -Hotel Services (room service, housekeeping, concierge, valet, dry cleaning) -Room Service: available 5 days a week for lunch and dinner -Building is self-managed with an onsite manager. -24-hour engineering department (onsite) -Laundry Room -Fitness Center -Party Room -Verizon Fios and TWC Spectrum -Storage is available by waitlist


Apartment: -Washer/Dryer in the apartment -Thru-wall AC in each room -Renovated Bathrooms -Renovated Kitchen -Flip Tax: 3% paid by purchaser -Maintenance is $4,473

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About Ritz Tower, 465 Park Avenue

90

Ritz Tower, 465 Park Avenue has received a CityRealty Rating of 90, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

31
Out of 44
+
28
Out of 36
+
21
Out of 39
+
10
=
90
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Architectural Masterpiece 8 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Individual Designation 2 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
A lot 0 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
More than 5 Short Blocks 0 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Stunning 5 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
Some 1 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

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

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