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A Refined Park Avenue Pied-à-Terre at the Historic Ritz Tower | 1 Bed, 1. 5 Baths Positioned on Park Avenue at the corner of 57th Street, Residence 9F is a turnkey pied-à-terre in a distinguished prewar cooperative known for its architectural pedigree and service-driven lifestyle. Professionally designed and impeccably maintained, the apartment offers well-appointed living in a prime Midtown location. An entry gallery features custom mirrored cabinetry and refined wall finishes that enhance light and create a strong sense of arrival. Just off the entry, a discreet kitchenette sits behind sliding, folding doors and is thoughtfully designed for convenience. It is equipped with an under-counter refrigerator, a compact dishwasher, and a two-burner induction cooktop, supporting light meals and entertaining. The living room is polished and inviting, with north-facing windows, a decorative fireplace, and herringbone hardwood floors. Subtle ceiling details reinforce the apartment’s prewar proportions, while a built-in bar and a powder room, uncommon for F-line residences in the Ritz Tower, make the home especially well suited for entertaining. The bedroom suite is quiet and well scaled, featuring a windowed marble bathroom and excellent storage, including a walk-in closet and additional mirrored built-ins. The apartment’s thoughtful design and storage make it ideal for city living, with Madison Avenue boutiques and Bloomingdale’s nearby. Ritz Tower Amenities Residents of the Ritz Tower enjoy comprehensive services, including a private chef, 24-hour concierge, doorman, and porters. Additional amenities include a fitness center and the convenience of utilities, electricity and water, being included in the monthly maintenance fees. A la carte services such as room service and housekeeping are also available. The cooperative permits pied-à-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 percent is allowed, and a 3 percent flip tax is paid by the purchaser. A Legacy of Architectural Significance Built in 1925, the Ritz Tower was designed by Emery Roth in collaboration with Thomas Hastings. Upon completion, it became New York City’s tallest residential building, marking a notable milestone in the city’s architectural history. The limestone-clad building reflects a blend of classical design and early high-rise innovation and has been cited by architectural historians, including Robert A. M. Stern, as an important example of prewar residential architecture. Today, the Ritz Tower remains a distinguished address near Central Park, Madison Avenue boutiques, Bloomingdale’s, and renowned dining destinations such as The Polo Bar, Caviar Russe, Avra Madison, and Daniel.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
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$695,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $556,000 | $556,000 | $556,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,330 | $3,469 | $4,580 |
| Total Monthly Payment | $3,422 | $3,561 | $4,672 |
* 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.