$499,000
Updated 5 years ago
Off Market

The Lombardy

111 East 56th Street, 215

Midtown East, Manhattan | Park Ave & Lexington Ave

Studio 1 BathCo-op

$499,000
Maintenance$1,755

Listing Features

  • Beamed Ceilings
  • Original Details
  • Stall Shower

Outdoor space and views

  • South Exposure

Building Amenities

  • Full Service
  • Attended Elevator
  • Business Center
  • Health Club
  • Hotel Service
  • Housekeeping
  • Valet Service

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 111 East 56th Street, 215

RARE INVESTMENT OPPORTUNITY! Own an income-producing pied-a-terre in a historic boutique residential hotel.This spacious, renovated studio in The Lombardy Hotel is the perfect pied-a-terre and investment property. Because apartment 215 is part of the hotel's rental pool, you can enjoy the luxuries of a hotel while you are in the city and earn rental income while you are away. Its monthly maintenance even includes electricity, cable, wifi, and twice-daily housekeeping. Built in 1926 by William Randolph Hearst, The Lombardy is an elegant retreat in the center of Midtown Manhattan. Its location off Park Avenue on 56th Street is blocks away from of some of the best dining, shopping, and culture in the city, ideal for tourists and business travelers alike. Residents and their guests enjoy a fitness center, on-site salon, doorman and concierge, and the best coffee in Manhattan at Ninth Street Espresso. Trusts and corporate purchasers welcome. Don't miss this unique opportunity! Capital assessment of $281.25 per month. All information furnished herein is from sources deemed reliable. All information is submitted subject to errors, omissions, change of price, prior sale or lease, or withdrawal without notice. All dimensions are approximate. For exact dimensions, please hire your own architect or engineer.

Building Details for 111 East 56th Street

OwnershipCo-op
Building TypeHigh-Rise
Service LevelFull Service
AgePre-War
AccessAttended Elevator
Year Built1927
Financing Allowed50%
Floors/Apts21/176
Learn More About the Building

Transit and Citi Bike

Subway

59 St
0.18 miles
Lexington Av/59 St
0.22 miles
Lexington Av/53 St
0.24 miles
5 Av/53 St
0.25 miles
51 St
0.26 miles

Railroad

Grand CentralLong Island Rail Road
0.47 miles

Citi Bike

E 56 St & Madison Ave
0.12 miles
E 58 St & 3 Ave
0.17 miles

Contact Agents

Contact Agents

Craig Roth
Next Stop NY
Sara Laszlo
Next Stop NY

Midtown East | Manhattan

Quick Profile

Midtown West and Midtown East have a lot in common. They’re bustling, iconic, and full of people. But just like siblings, their personalities can be vastly different. Midtown East is a bit more sophisticated and doesn’t quite have the vivacity and unruliness that its westerly counterpart exudes. 

Midtown East is bordered by 42nd to the south, 59th Street to the north, 5th Avenue to the west, and 3rd Avenue to the east. 

The neighborhood is famous for its high-end stores, tourist attractions, posh hotels (budget ones too), and iconic architecture. Midtown East is also one of the largest financial and business hubs in Manhattan. During normal business hours the sidewalks are full of commuters and people moving from point A to point B. In the early evening, when the masses have left for the day, things suddenly get a little quieter and the sidewalks have a lot less foot traffic.  

Although largely a commercial neighborhood, residential areas of Midtown East do exist on the eastern section of the neighborhood. 

Grand Central Station is located in Midtown East and like Midtown West, it’s an extremely commutable neighborhood. The 4, 5, 6, 7 and S trains whisk people in and out of the neighborhood 24 hours a day. Grand Central Station also serves as a hub for New York State and Connecticut commuter rails. These trains can take you anywhere along the Hudson River or up into Connecticut. It’s perfect for day tripping. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1859226