--- title: "465 Park Avenue #25EW, New York, NY 10022" description: "465 Park Avenue #25EW, New York, NY 10022 — NYC real estate listing on Real Estate Rebate Team. Priced at $1,950,000. Est. potential buyer savings up to $48,750 (subject to buyer-broker compensation received, lender approval, and applicable law)." url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10022/465-park-avenue-ew-25EW-ny-10022" source: "Real Estate Rebate Team" --- # 465 Park Avenue #25EW, New York, NY 10022 > **Listing Courtesy of:** Compass ## 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 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 ~$2.9M, presenting a seamless transition to a bespoke living experience. 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. ## Property Details - **Price**: $1,950,000 - **Potential Buyer Rebate**: $48,750 - **Bedrooms**: 3 - **Bathrooms**: 2 full, 1 half - **Property Type**: Residential - **Year Built**: 1926 - **Building**: 465 Park Avenue - **Neighbourhood**: Midtown East - **Area / Borough**: Manhattan - **Subdivision**: Midtown East - **Listing Office**: Compass - **State**: NY - **Flags**: New Development, Sponsor Unit ## Estimated Potential Buyer Savings Real Estate Rebate Team estimates potential buyer savings of up to **$48,750** at closing. *Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.* ## Related Links - [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/465-park-avenue) - [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/east-midtown) - [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact) --- > This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. > This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.