465 Park Avenue
New York, NY 10022

Cross street:East 57th Street

Building

Type:High-Rise
Era:Post-war
Floors:41

Property

Ownership: Co-op
Bedrooms: Studio
Pets: Pets Unknown

Financials

Price:$495,000
Maintenance:$5,622
Financing Allowed:50%
Minimum down:$247,500
505 Park Ave, New York, NY 10022
Listing Courtesy of Compass

Description

Charming and Historic 1 Bedroom with Private Terrace at Ritz Tower Perched on the 26th floor of the legendary Ritz Tower, discover this luminous 1-bedroom residence with its very own secluded terrace. As you enter Residence 26C, a welcoming foyer leads you to a well-appointed kitchenette with a GE refrigerator, dishwasher, microwave, and a Summit stove and oven. Adjacent to the foyer, the living room offers an elegant space with herringbone floors, three expansive east-facing windows, and a cozy dining alcove that opens onto a charming terrace. This terrace is adorned with stately balustrades and intricately carved pillars, reflecting the architectural splendor of the 1920s, and provides a spectacular vantage point over Midtown Manhattan. The bedroom, seamlessly connected to the living area, boasts expansive views from two north-facing windows, a spacious walk-in closet, and an en-suite bathroom featuring marble countertops and additional north-facing views. An additional large closet is conveniently located near the bedroom entrance. This residence supports 50% financing and is open to pied-à-terre and foreign buyers. Utilities are included in the monthly maintenance fees. Small pets may be considered subject to board approval. A 3% flip tax is applicable, paid by the purchaser. Constructed in 1925, this prestigious limestone-clad pre-war cooperative was crafted by the esteemed Emery Roth and Thomas Hastings. At the time of its completion, the 41-story Ritz Tower was the tallest residential building in New York City, uniquely exempt from height restrictions due to its innovative design without individual kitchens. The Ritz is celebrated as a monumental achievement in American architecture, with Roth and Hastings infusing classical elegance into a structure of unprecedented scale and grandeur. Described by historians like Robert A. M. Stern, Gregory Gilmartin, and Thomas Mellins as the pinnacle of urban living, the Ritz Tower stands at the northeast corner of 57th Street, offering unparalleled five-star services. These include daily maid service, a full-time doorman, concierge, valet service, a newly renovated fitness center, a conference/party room, and an on-site resident manager. Shareholders can indulge in exclusive dining experiences, with meals prepared by the Ritz Tower’s resident Chef and served in their apartments, available five days a week. Located mere steps from Central Park, high-end Madison Avenue boutiques, Bloomingdales, and top New York dining destinations like The Polo Bar, Avra Madison Estiatorio, and Daniel, the Ritz Tower epitomizes luxury Manhattan living.

Amenities

Fitness Room; Hotel Style Service; Laundry Room; Maid Service; Party Room; Private Storage;

  • Attended Elevator
  • Elevator
  • Fitness Facility
  • Full service
  • Laundry Room

Neighborhood

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Charming and Historic 1 Bedroom with Private Terrace at Ritz Tower Perched on the 26th floor of the legendary Ritz Tower, discover this luminous 1 bedroom residence with its very ...


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