$525,000
Updated 6 years ago
Sold

The Lombardy

111 East 56th Street, 401

Midtown East, Manhattan | Park Ave & Lexington Ave

3 Rooms1 Bed1 BathCo-op

$525,000
Maintenance$4,748

This property was sold for $525,000 on 07/15/20.

Listing Features

  • Abundant Closets
  • Beamed Ceilings
  • Entry Foyer
  • High Ceilings
  • Track Lighting

Outdoor space and views

  • City 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, 401

EXCELLENT INVESTMENT PROPERTY with nightly rent $400 - $580 and monthly rent at around $13,000.

Huge One Bedroom in Legendary Hotel

Oversized one bedroom in famed Lombardy Hotel features exceptionally proportioned rooms, high beamed ceilings, renovated bath, three closets including a walk in and south exposure through large windows. 401 can be included in the Lombardy hotel rental pool which provides a unique investment opportunity where owners can generate income when not residing in the apartment.

A hotel executive screens rental clients to arrange daily, weekly or longer term stays. Corporate, Trusts and foreign purchasers are welcome.

The Historic Lombardy was built in 1927 and developed by William Randolph Hearst. Amenities include doorman, concierge, fitness center, American Cut Restaurant, Ninth Street Espresso, a beauty salon, valet/dry cleaning services, spa, daily maid service, valet parking and a business center. There is a 2% flip tax and a current assessment for $783.75 per month.

Listing History for 111 East 56th Street, 401

Now
07/15/2020
Update by Michele Kleier
Kleier Residential Inc.
07/15/2020
$525,000
Sold and Closed by Michele Kleier
Kleier Residential Inc.

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

Michele Kleier
Kleier Residential Inc.
Sabrina Kleier Morgenstern
Kleier Residential Inc.
Emilio Mora
Kleier Residential Inc.

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: 68317