Buy with Yoreevo
$2,450,000
List Price: $2,500,000
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465 Park Avenue #25EW
Coop in Midtown •  building info
3bd • 2.5ba
Buy with Yoreevo

$2,450,000

List Price

$2,500,000

Key Details
Days on market
50
Last price change
loading...
Estimated payment
$25,175
Monthly taxes
N/A
Monthly maintenance
$17,068
Description
LUXURY MEETS VALUE: AN EXCLUSIVE TURNKEY OPPORTUNITY AT THE RITZ TOWER 465 Park Avenue, 25EW - Demolished and Ready for Construction - As of June 7, 2024 - Pre-Construction Phase. Discover the pinnacle of luxury living with this unparalleled opportunity to customize over 2,500 sq. ft. of usable interior space and 688 sq. ft. of combined exterior space in this full-floor residence at the iconic Ritz Tower. This unique home comes with two private terraces and the potential to be transformed into a turnkey masterpiece, with an itemized breakdown of renovation costs available. Listed at $2.5M, we have a compelling turnkey renovation bid at an additional $2.53M, presenting a seamless transition to a bespoke living experience. This sun-drenched residence boasts four exposuresnorth, south, east, and westproviding breathtaking views from every angle. Featuring two private terraces and a private elevator landing, this space invites you to design your dream home with the potential for 2-3 generously proportioned bedrooms and 2.5 bathrooms, tailored to your exact specifications. Situated on the 25th floor of the legendary Ritz Tower, this landmarked building offers unparalleled five-star services, including maid service, full-time doorman, concierge, valet service, a renovated fitness center, conference/party room, and a live-in superintendent. Enjoy the luxury of private dining, with lunch and dinner prepared by the Ritz Towers exclusive chef, served in your home five days a week. This cooperative permits 50% financing, pied-a-terre, and foreign purchasers. Utilities are included in the monthly maintenance fees, and small pets are considered with board approval. A 3% flip tax is paid by the purchaser. Located near Central Park, Madison Avenue boutiques, Bloomingdale's, and New York Citys finest dining establishments such as The Polo Bar, Avra Madison Estiatorio, and Daniel, this residence offers the ultimate in urban sophistication. Constructed in 1925, the elegant limestone-clad Ritz Tower was designed by Emery Roth and Thomas Hastings. At its inception, it was the tallest residential building in New York City, breaking new ground in architectural height and design. The Ritz Tower remains a testament to the transition in American architecture, blending classical style with unprecedented scale, and continues to be the epitome of urban living, as noted by architectural experts Robert A. M. Stern, Gregory Gilmartin, and Thomas Mellins.

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Important Stuff
Elevator
Full Time Doorman
Cats and Dogs allowed
Building Amenities
Gym
Concierge
Live In Super
Fios Available
Garage Parking
Parking Available
Laundry in Building
Community Recreation Facility
Coop Rules
Pied-a-Terre Allowed
Building info

History
What it'll cost
Purchase price
$2,500,000
Asking Price: $2,500,000
Term
30 Years
Down Payment
$1,250,000 (50%)
Min: 50% (1,250,000)
Rate
6.75 %
Mortgage Amount
$1,250,000
Mortgage Payment
$8,107
Maintenance
$17,068
Estimated Yoreevo rebate
$50,000
Estimated closing cost
$39,000
Total monthly cost $25,175
Buy your dream home with us and get an estimated
$50,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Compass

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