Ritz Tower

Ritz Tower is a Co-op located 465 Park Avenue, in Midtown, New York. The building was first built in 1927 and is 97 years old. The building is currently considered a landmark so make sure to check it out when you're in the area. The lot that the building was built on is 113 feet wide and 100 feet long. The official lot area is listed as 10,247 square feet. In total, 465 Park Avenue has a total floor area of 246,720 square feet. Of that, 212,505 square feet are used for residential purposes. About 34,215 square feet of the building are used for commercial purposes. There are a total of 135 units. Of those, 134 are residential units. There is one commercial unit. Thankfully, the building is equipped with elevator service. Residents can access the three elevators in 465 Park Avenue.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. For those who love to work out, there is a fitness center. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 159 closings on record, of which we have matching data for 42 listings. In the past 3 years, a listing in this building will typically remain on the market for about 145 days Meaning, listings tend to sell at a median of $1,370 price per square foot. The transaction that took the longest to complete was unit 10CD, listed on May 06, 2021 for $4,495,000. This particular unit ultimately sold 357 days later for $4,200,000. The most recent transaction was for unit 404, which was first advertised on Apr 25, 2023, sold for $0 on Jan 22, 2024. Fun fact, the oldest transaction we have on record took place on Jan 31, 1991. See the full transaction history for Ritz Tower below.

Midtown, where 465 Park Avenue is located, has a median asking price of $750,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $2,050,000. For interested buyers, that means the building's median asking price is around 1.73% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

There are currently 8 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $3,950,000. It is a 2,500 sqft 3 bedroom and 4 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $500,000. It is a 2 bedroom and 2 bathroom unit. A breakdown of active listings shows 2 one-bedroom, 4 two-bedroom, 2 three-bedroom, units for sale! The median price of all the active units for sale in the building is $1,124,500. Collectively, the median square footage of these active units for sale is 657 sqft. Active units for sale at 465 Park Avenue are mostly 2-bedroom apartments Active units for sale at 465 Park Avenue have a median count of 2 bedrooms and have a median count of 2 bathrooms.