$695,000 $750,000
Updated 3 days ago
The Lombardy
Midtown East, Manhattan | Park Ave & Lexington Ave
3.5 Rooms1 Bed2 Baths900 Square FeetCo-op

$695,000 $750,000
Maintenance$4,670
Price Per SF
$772

Listing Features

  • Beamed Ceilings
  • Entry Foyer
  • High Ceilings
  • Original Details
  • Recessed Lighting
  • Separate Dining Area
  • Track Lighting
  • Wall of Windows
  • Microwave
  • Windowed Kitchen
  • En Suite Bathroom
  • Stall Shower

Outdoor space and views

  • City Views
  • South Exposure

Building Amenities

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

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description

AMAZING OPPORTUNITY! RECOUP YOUR MONTHLY MAINTENANCE IN THIS HUGE 1-BR/2-BTH AT THE FAMED LOMBARDY HOTEL

Rarely available, front-facing, high-floor suite at the luxurious Lombardy Hotel. Don't let the maintenance concern you. This hotel apartment makes the perfect pied-?-terre when you're in town, and a great investment when you're away. The hotel rents your apartment on a nightly, weekly or monthly basis, allowing you to recoup approximately 50% of the rent. And you never have to lift a finger. The hotel handles everything -- all bookings, guest relations, paperwork and housekeeping.

This beautifully, fully-furnished, 900-square foot unit is exceptional in every way -- from its gracious layout with a true entrance foyer, to pre-war details everywhere you look. 9-foot, beamed ceilings add to the drama of a home with great bones. Both the living room and bedroom are oversized in length and width, plus each affords a wall of windows that bring in all-day southern light.

What makes this one-bedroom home so special is that it has two full bathrooms, so overnight guests are never an issue. The enormous primary bedroom has a twenty foot-long wall unit that easily accommodates a full wardrobe as well as a marble en-suite bath with walk-in shower.

Built in 1926 by William Randolph Hearst, the Lombardy Hotel has been home to legends such as Elizabeth Taylor and Richard Burton, Richard Rogers, Bette Davis, and others. It offers unparalleled pre-war elegance and boutique appeal. Services at the Lombardy are unmatched and include twice daily maid service, bellman, concierge and dry cleaning services, a fitness center, business center, beauty salon, espresso bar and valet parking.

Located in the heart of Manhattan, between Park and Lexington Avenues, 111 E. 56th Street is a prime location - - only four blocks to Central Park and minutes to all of the best shopping Madison and Fifth Avenues have to offer. Minutes to the city's top museums and adjacent to the Theatre District, as well as the finest restaurants in the city. Foreign, corporate, trust and pied-?-terre purchases are welcome. Pets are allowed and 50% financing is permitted. Electricity and gas are included in the maintenance.

This is truly a property that must be seen to be fully appreciated. Showings are by appointment with 24-hour notice please.

Listing History

Now
10/17/2022
$695,000 [-$55,000] [7.3%]
Price Drop by Joseph Pullen
Corcoran
06/06/2022
$750,000
Initial Price by Joseph Pullen
Corcoran

Building Details

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

Building Availability

APPSF
Median
Average
$951
$995,000
$1,310,571
-
-
-

One Bed in Midtown East

APPSF
Median
Average
$1,839
$1,847,500
$1,786,167
$1,387
$1,099,500
$1,140,781

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. 

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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: 1433924