465 Park Avenue, #7BC, New York (Midtown East), NY, 10022 | $2,750,000

Unique and exciting opportunity to live in this rarely available sought after B/C combination in the iconic Ritz Tower at the corner of Park Avenue and 57th Street. Ritz Tower is one of the few residential buildings with hotel like services that make living in New York City easy and pleasurable.

Come home to a stunning residence that exudes elegance and sophistication with over 2300 square feet of space. Use as currently configured as two adjacent apartments or easily combine them into one.

Enter the apartment through the 22 foot long gracious marble floored gallery with its high ceiling and crown moldings. The gallery flows through to the classic dining room boasting large street facing windows, enhancing the feeling of openness and space. To the right is the grand corner living room overlooking both Park Avenue and 57th Street and flowing in sunlight through its oversized windows. It is perfect for entertaining or relaxing with extensive built in storage areas and an entrance to the dining room.

The large master bedroom faces Park Avenue and has a spacious en-suite bath with a walk in closet that is 7'-3"x &'-7" with a 10 foot ceiling. On the opposite side of the apartment is an expansive second bedroom/den with an adjoining full bath and large walk in closet, which provides privacy from the entertaining spaces of the apartment and the primary bedroom.

There are endless closets and storage areas, a large washer/dryer closet and a contemporary kitchen with top of the line appliances.

This apartment is in move in condition with all, but the primary bedroom and bath, having just been fully renovated.

Adjoining the B apartment is a large one bedroom apartment, also in move in condition, with 1 and a half baths and its own Pullman kitchen. Use it as the current owner has, as a private supplemental apartment for visiting family, an office, for card games and a place for staff to stay over or be on call during the day, or easily combine it with the B apartment to add additional bedrooms/dens/play areas or work space.

The Ritz Tower provides full hotel services to its residents to make living as easy as possible. It was designed by noted architect Emery Roth and, when built in 1925, was the tallest residential tower in the world. This white glove building, with its hospitable staff, provides extensive services, including (if desired) housekeeping, laundry service, valet, exclusive chef and room service, a conference room and business center, an event room, a fitness center, storage, a concierge desk and a staff dedicated to service under the direction of the on-site Managing Director.

The building allows pets, financing (50%), pieds-a-terre and different forms of ownership. Electricity is included in maintenance.

The Ritz Tower is at the center of the East Side with Central Park just steps away. The building is convenient to the business district, the boutiques of Madison Avenue and other desirable shopping stores, endless restaurants and the elegant residential Upper East Side.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 41
  • Amenities: Fitness Room; Hotel Style Service; Laundry Room; Maid Service; Party Room; Private Storage;
  • Rooms: 7
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Complex: Ritz Tower
  • Year Built: 1926
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Attended Elevator
  • Health Club: Yes
  • Service Level: Full Service
  • Doorman: FullTime
  • LobbyAttendant: FullTime
  • OLR#: RPLU21922842125
  • Days on Market: 238 days
  • Website: https://www.raveis.com
    /prop/RPLU21922842125/465parkavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Brown Harris Stevens

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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465 Park Avenue, #7BC, New York (Midtown East), NY, 10022

$2,750,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,200,000 $2,200,000 $2,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.003% 6.234% 5.805%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,148 $13,367 $18,122
Total Monthly Payment $12,273 $13,492 $18,247

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.