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

$4,995,000
Active Listing
Listing Details:
$4,995,000 Price
Co-op Property Type
Midtown Central Neighborhood
3 Beds
4.5 Baths
-- Approx. Sq. Ft.
$15,353 Maint/CC
Key Features:
Doorman
Prewar
Gym
Elevator
Laundry
Allows Pets
Storage
Unit Terrace
Description:

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.'

Listing courtesy of Compass

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