465 Park Ave. 25-EW $5,950,000

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    465 Park Ave. 25-EW New York, NY 10022

    • 3 Beds
    • 4.5 Baths
    • Co-Op
    • MLS# 1161668
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    Views: 1 Days On Site: 40

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    Property Details

    Full Floor Park Avenue Expansive Blank Canvas Residence + 2 Private Terraces Unique opportunity to create a custom-built home from a full-floor ready-to-renovate blank canvas space inside Emory Roth's renowned Ritz Tower. This sun-drenched home features north, south, east, west exposures, 2 private terraces totaling approximately 688 square feet of exterior space, and a private elevator landing. The residence can be reimagined in a variety of layouts to suit one's specifications and desires. The space allows for a configuration of 3 generously proportioned bedrooms and up to 4.5 bathrooms. Perched on the 25th floor of the legendary Ritz Tower and situated on the northeast corner at 57th Street, this landmarked building offers unrivaled five-star white-glove service, daily maid service, a full time doorman, concierge, valet service, a newly renovated fitness center, conference/party room, and live-in superintendent. Owners are welcome to lunch and dinner served in their private home prepared by the Ritz Tower's exclusive Chef, available 5 days a week. 50% financing, pied-a-terre, and foreign purchasers permitted. Utilities are included in monthly maintenance. Small pets subject to board approval on a case by case basis. 3% flip tax paid by the purchaser. The Ritz Tower is located in close proximity to Central Park, Madison Avenue boutique shops, Bloomingdales and many of New York City's fine dining restaurants such as The Polo Bar, Avra Madison Estiatorio and Daniel . Constructed in 1925, this elegant limestone-clad pre-war cooperative was designed by Emery Roth and Thomas Hastings. At the time, this 41-story tower was the first tallest residential building in the city. New York City's apartment building height regulations applied to apartments with individual kitchens, which the Ritz did not offer. This meant that the Tower could be built much higher than any of its contemporary residential buildings. The Ritz is considered to be a strong symbol of a transition in American architecture, with Hastings and Roth incorporating a strong classical style into a building of ground-breaking height and size. According to Robert A. M. Stern, Gregory Gilmartin and Thomas Mellins, the Ritz Tower 'was intended from the beginning to be the apogee of urban living.'

    • General Features
      • Year Built 1925
      • Real Estate Tax 0
      • New Development No
      • Neighborhood Midtown Central
      • Hoa Fee 15353.00
      • Floor Number 25
    • Building Features
      • Building Class RM
      • Building Bike Storage No
      • Building Gym Yes
      • Building Garage No
      • Building Elevator Yes
      • Building Doorman Yes
      • Concierge Yes
      • Building Storage Yes
      • Building Rooftop No
      • Building Prewar Yes
      • Building Pool No
      • Building Pets Yes
      • Building Name Ritz Tower
      • Building Laundry Yes
      • Number of Rooms 10.00
      • Number of Half Baths 1
      • Number of Building Units 120
      • Number of Building Stories 42
      • North Exposure Yes
      • Has Outdoor Space Yes
      • Has Fireplace No
      • Garden No
      • Full Floor Yes
      • Foyer No
      • East Exposure Yes
      • West Exposure Yes
      • Unit Terrace Yes
      • Unit Number 25-EW
      • Unit Laundry No
      • Unit Garden No
      • Unit Balcony No
      • South Exposure Yes

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    Neighborhood

    10022 (New York) Demographics

    46 Median Age
    72,822 Population Density (per sq. mile)
    86% College Educated
    $150,718 Estimated Median Income
    8,844 Estimated Total Home Owners
    9,109 Estimated Total Renters
    49% / 51% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    31,130 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,999,999 Median Sales Price
    23 Homes Sold
    123 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $5,950,000
        4/6/2022 7:34:00 PM New in Database Source: Multiple Listing Service New Value: $5,950,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.