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

Ritz Tower, 465 Park Avenue, #509

$975,000 ($1,026 per ft2) -24.9% | 1 bed, 1.5 baths | Approx. 950 ft2
507 days on Market

Key Details

  • Listed: Mar 30, 2021
    Last Price Change: -18.7% ($224,000) on Mar 8
    Days on Market: 507
    Building Type: Cooperative
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 1,794 times
Monthly Maintenance: $3,793 ($3.99/ft2)
Total Taxes & Fees: $3,793 ($3.99/ft2)
Est. Monthly Mortgage: $2,762
Total Est. Monthly Carrying Cost: $6,555 ($6.90/ft2)
Note: the above is based on a down payment of 50% ($487,500), which is the minimum amount permitted by the building.

Description

Turn key sunny, sophisticated one bedroom, one and a half bathrooms with in-unit washer and dryer at The Ritz Tower! Featured in Luxe Interior + Design magazine, it’s all about the details for this completely renovated Manhattan apartment, rebuilt from the ground up including brand new plumbing and infrastructure as well as sub-flooring and wall structure. All utilities are included in maintenance.

This spectacular home offers a separate, graceful foyer with black & white marble floors, a stainless steel, galley kitchen with custom concrete counters, custom cabinets, wide plank hardwood floors and miniature tiled backsplash.

The grand living room has beautiful raised ceilings with herringbone solid wood floors, a corner banquette creating a separate dining area, a custom bar with a built-in wine refrigerator, ice maker and cabinetry. Between two large south-facing windows is a custom-made decorative fireplace mantle with overhead lighting to show off your personal artwork. The bedroom boasts of space, light & comfort including two custom closets and a spa bathroom with heated floors, fog-resistant mirrors and deep soaking bathtub.

You’ll find no detail ignored with Waterworks fixtures, gorgeous chandeliers, custom LED lighting throughout, lacquered cabinets and doors, new sound-resistant windows treated with automatic blackout shades, plenty of custom closets and storage and full-size Bosch washer and dryer.

Built in 1926 as the city’s most elegant apartment hotel, The Ritz Tower remains one of Manhattan’s most luxurious and sought-after white-glove residential cooperatives noted for its spacious and stylish apartments, each one unique on its own. Room service available Monday through Friday for lunch & dinner.

The fully equipped Fitness Center is conveniently located on the 5th floor. Pied-a-terres, LLC’s, Trusts, Corporate name and Foreign purchasers are allowed subject to board approval.

Monthly maintenance includes all utilities and real estate taxes.

Small pets are welcome with board approval. Call today to schedule a showing!

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Apartment Amenities

  • Southern Exposures

Listing Agent (Seller's Representative)

Similar Apartments Nearby

 

Pricing History

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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
  • 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

Other Apartments Available in this Building (9)

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Listing provided courtesy of R New York