Luxury One-Bedroom
For Sale
$850,000
465 Park Ave Unit 18F, New York, NY 10022
Turnkey renovated one-bedroom co-op with custom kitchen, restored fireplace, and full-time doorman in a full-service building.
Property Size850 SF
Price / SF$1,000
Days on Market464
Property Features for 465 Park Ave Unit 18F
General Information
Standard status
Active
Size
850 SF
Property subtype
Apartment
Building Details
Year Built
1926
Listing Agency:
(212) 891-7000
Listed By:
Douglas Elliman Real Estate
(917) 770-1862
Source:
Xome
Added: Apr 25, 2025
Changed: Jul 22
Last Checked: Jul 31 at 2:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Residence 18F is a meticulously renovated, high-floor one-bedroom co-op at 465 Park Avenue. The layout includes an entry foyer opening to an expansive living room with recessed lighting, a beautifully restored fireplace, and oversized windows. The custom kitchen features handcrafted millwork cabinetry, marble countertops, a Miele oven, and a Sub-Zero refrigerator. The bedroom offers abundant storage with built-in and custom closets. The spa-inspired bathroom is finished in refined marble and includes Kohler sinks, a Duravit toilet, and premium fixtures, with hardwood floors and other detailed finishes throughout.
The building provides 24-hour doorman service, attended elevators, and a resident superintendent. Residents also have access to a party/meeting room and a brand-new fitness center, along with valet, laundry service, and 24-hour on-site maintenance. Additional amenities include a notary public and safety deposit boxes, and the co-op is pet-friendly.
Maintenance includes electricity and water, and financing up to 50 percent is permitted, subject to board approval.
The building provides 24-hour doorman service, attended elevators, and a resident superintendent. Residents also have access to a party/meeting room and a brand-new fitness center, along with valet, laundry service, and 24-hour on-site maintenance. Additional amenities include a notary public and safety deposit boxes, and the co-op is pet-friendly.
Maintenance includes electricity and water, and financing up to 50 percent is permitted, subject to board approval.
Key Highlights
- Renovated one‑bedroom co‑op at 465 Park Avenue (Ritz Tower), built in 1926
- Custom kitchen with handcrafted cabinetry, marble countertops, Miele oven, and Sub‑Zero refrigerator
- Living room with recessed lighting, restored fireplace, hardwood floors, and oversized windows
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.9k | $59.88 |
| − Vacancy | −$2.5k | −$2.99 |
| EGI | $48.4k | $56.89 |
| − OpEx | −$21.8k | −$25.60 |
| NOI | $26.6k | $31.29 |
850 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$379.9K
$332.4K – $443.2K
NOI $26,594 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,104 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
49,964
Businesses Nearby
Explore this area
Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
Market
Properties on Market for Residential income properties in New York
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Frequently Asked Questions
What type of property is this?
Residential income property - Turnkey renovated one-bedroom co-op with custom kitchen, restored fireplace, and full-time doorman in a full-service building.
Where is this residential income property located?
The property is located at 465 Park Ave Unit 18F New York, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Renovated one‑bedroom co‑op at 465 Park Avenue (Ritz Tower), built in 1926; Custom kitchen with handcrafted cabinetry, marble countertops, Miele oven, and Sub‑Zero refrigerator; Living room with recessed lighting, restored fireplace, hardwood floors, and oversized windows
