Elegant High-Floor Residence with Split-Bedroom Layout & Sweeping City Views at the Ritz Tower Located on the 34th floor of the renowned Ritz Tower, this Park Avenue residence offers a desirable split-bedroom layout and expansive city views. Whether appreciated in its current design or reimagined to suit a new owner’s vision, this home presents an exceptional opportunity for elevated living in one of Manhattan’s most prestigious cooperatives. The semi-private landing leads into a spacious living room, where four east-facing windows invite abundant natural light. Herringbone hardwood floors and generous proportions create a welcoming atmosphere for relaxing or entertaining. French doors open to the south-facing primary bedroom, which features a decorative fireplace, a walk-in closet, and an en-suite bathroom with marble floors, gold-plated fixtures, and a Jacuzzi soaking tub. The library or second bedroom exudes charm and versatility, featuring classic paneling, built-in bookcases, a decorative fireplace, and north-facing windows that offer serene partial views of Central Park and the city. An en-suite bathroom with marble finishes and gold fixtures completes the space. The enclosed kitchen is equipped with a Gaggenau electric stove, Sub-Zero refrigerator, Miele dishwasher, and GE convection/microwave oven. Kohler fixtures, marble countertops, and under-cabinet lighting provide both utility and refinement. Ritz Tower Amenities Residents of the Ritz Tower enjoy unparalleled services, including a private chef, 24-hour concierge, doorman, housekeeping, valet, and porters. Additional amenities include a fitness center and the convenience of utilities—electricity and water—being included in the monthly maintenance fees. The cooperative permits pied-a-terre ownership, foreign buyers, and purchases under trusts, LLCs, or corporate entities (subject to board approval). Small pets are considered with board approval. Financing up to 50% is allowed, and a 3% flip tax is paid by the purchaser. A Legacy of Architectural Brilliance Built in 1925, the Ritz Tower was designed by Emery Roth in collaboration with Thomas Hastings. Upon completion, it became the tallest residential building in New York City, a groundbreaking achievement in scale and design. The limestone-clad building seamlessly blends classical elegance with architectural innovation, earning praise from historians such as Robert A. M. Stern. Today, it remains a timeless symbol of luxury living. Located near Central Park, Madison Avenue boutiques, Bloomingdale’s, and acclaimed dining destinations like The Polo Bar and Daniel, the Ritz Tower offers an unparalleled lifestyle in the heart of Manhattan.
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NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $476,000 | $476,000 | $476,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.508% | 7.171% | 6.392% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,247 | $3,164 | $4,049 |
Total Monthly Payment | $3,339 | $3,256 | $4,141 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.