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A blog from CityRealty (Links below will take you to the 6sqft site)

Ritz Tower, 465 Park Avenue, #404

$4,895,000 -2% | 2 beds, 2 baths
179 days on Market

Key Details

  • Listed Jul 31, 2020
    Last Price Change -2% ($100,000) on Jan 7
    Days on Market 179
    Building Type Cooperative
    Neighborhood Midtown East
  • Monthly Maintenance $8,085
    Minimum Down Payment 50%
    Doorman FT Doorman

Description

TERRACED BEAUTY ON PARK AVENUE. The offering of #404 at the iconic Ritz Tower offers the ability to own a peerless terraced home in one of Park Avenue's most prestigious buildings. This triple-mint, split 2 bedroom, 2 bathroom home's crown jewel is its 1,000 square feet of private outdoor space, which extends 62-feet along Park Avenue at57th Street. #404 is an ideal home for entertaining and is perfect for either a full-time resident or pied-a-terre,as it is surrounded by world-class NYC amenities and an easy stone's throw away to Midtown's offices or home from the Theater District. The entry foyer opens into an exceptionally bright and spacious living room/dining room, with an adjacent library/den that could also serve as a third bedroom or home office in the age of work from home. The living room doors open up directly to the enormous terrace with open city and Park Avenue views.

The primary bedroom suite has direct access to the terrace, a dressing room and a beautifully appointed Calcutta marble master bath with double sinks, radiant heated floors, deep soaking tub and separate stall shower. The second bedroom has an adjacent marble bath with a luxurious stall shower, which can also serve as a bath for guests. The stunning chef's kitchen with marble counter tops and top-of-the-line appliances (Miele, Sub-Zero, and Wolf) has discreet pocket doors so it can be closed off for entertaining or open to the dining room. The residence has been renovated for modern living while leaving the special prewar details including trim, moldings, and herringbone floors intact.

The apartment also features a washer and dryer. Furnishings are in mint condition and can be negotiable for a move-in ready opportunity. Designed in 1926 by Emery Roth, The Ritz Tower is one of the world's best addresses. White-glove hotel style amenities include full concierge services, 24 hour doorman, gourmet chef de cuisine on premises offering lunch and dinner five days per week, housekeeping, 24 hour maintenance staff, meeting room and newly renovated fitness center.

Pied-a-terres and foreign buyers welcome. Coop allows 50% financing, utilities are included in maintenance, and there is a 3% flip tax payable by buyer. Pets allowed with board approval.

Easy to accommodate at showing!

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Apartment Amenities

  • Terrace
  • Washer/Dryer in apt.

Estimated Monthly Cost

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
  • Co-op
  • Built in 1926
  • 142 Apartments
  • 42 Floors

Building Amenities

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

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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
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Subways

  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Lexington Ave and 60th 0.13 miles
  1. M
  2. E
at 5th Ave and 53rd 0.28 miles
  1. F
at Lexington Ave and 63rd 0.30 miles
About this Building

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Listing provided courtesy of Compass
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