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

Ritz Tower, 465 Park Avenue, #6B

$995,000 -33.4% | 3 beds, 2 baths
225 days on Market

Key Details

  • Listed: Nov 22, 2021
    Last Price Change: -20.4% ($255,000) on May 1
    Days on Market: 225
    Building Type: Cooperative
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 1,532 times
Monthly Maintenance: $7,604
Total Taxes & Fees: $7,604
Est. Monthly Mortgage: $2,822
Total Est. Monthly Carrying Cost: $10,426
Note: the above is based on a down payment of 50% ($497,500), which is the minimum amount permitted by the building.

Description

Five star living on the south-west corner of the legendary full-service Ritz Tower with views of Billionaires Row, Park Avenue and more! Bring your architect to turn this classic residence in your dream home or pied-e-terre!

An expansive gallery opens into the gracious south-west corner, sundrenched great room. Located to the right is your oversized primary suite with windowed bathroom that overlooks Park Avenue.

Adjacent to the great room is the library which can be opened up to the great room or used as a third bedroom. Down the hall you will find the kitchen as well as another full bathroom. Last but not least your secondary bedroom which is larger than most primary bedrooms is conveniently located on the other side of the home leaving plenty of space for privacy.

Oversized closets can be found throughout this magnificent home.

Designed in 1926 by the pre-eminent architect Emery Roth, the Ritz Tower has a full-time concierge and offers full hotel services with optional maid service and a full time chef serving lunch and dinner five days a week. There is a new well-equipped fitness center and party/meeting room for use of the tenants, 24 hour maintenance staff and the monthly maintenance includes utilities and real estate taxes. The building permits up to 50% financing, pied-a-terres, foreign purchasers and Trust and LLC ownership with board approval.

3% flip tax paid by the purchaser

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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 (8)

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The Ritz-Carlton Residences, New York, NoMad
between West 28th Street & West 29th Street
Chelsea
NoMad Penthouses with Hotel Services and Panoramic Views.
Learn More
The Ritz-Carlton Residences | Aerial View of Building Facade with ESB in the Background The Ritz-Carlton Residences | Unit Iiving Room with View of Skyline The Ritz-Carlton Residences | Unit Bedroom with View of Skyline The Ritz-Carlton Residences | Unit Luxurious Bathroom The Ritz-Carlton Residences | Rooftop Bar with View of Skyline
Listing provided courtesy of Douglas Elliman - Manhattan