465 Park Avenue 25EW

$995,000

MLS# RLS20116051 · Midtown East

3 Beds 3 Baths

About This Property

A COMPELLING ACQUISITION OPPORTUNITY ON PARK AVENUE: A FULL-FLOOR RESIDENCE WITH TWO PRIVATE TERRACES

465 Park Avenue, 25EW. Offered at $995,000, this demolished, construction-ready residence presents a rare opportunity to create a truly bespoke home at the iconic Ritz Tower. Occupying the entire 25th floor with four exposures, two private terraces, and a private elevator landing, the residence offers extraordinary scale, privacy, and distinction at a compelling entry point on Park Avenue. The raw space offers the potential to create a gracious 2-3 bedroom residence with approximately 2.5 bathrooms, entirely tailored to the next owner’s vision. For buyers seeking a streamlined path to completion, a comprehensive turnkey renovation proposal is also available.

This sun-drenched residence boasts four exposures—north, south, east, and west—providing 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 Tower’s 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 City’s 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.