$999,999 $1,175,000
Updated 3 years ago
Off Market

The Lombardy

111 East 56th Street, 1102/1103

Midtown East, Manhattan | Park Ave & Lexington Ave

3 Rooms2 Beds2 Baths1,235 Square FeetCo-op

$999,999 $1,175,000
Maintenance$7,406
Price Per SF
$810

Listing Features

  • Combined Apartment
  • High Ceilings [9.4']
  • Split Bedrooms
  • Walk-in Closet
  • Microwave
  • Open Kitchen
  • S Steel Appliances
  • 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 for 111 East 56th Street, 1102/1103

Welcome to the Lombardy Hotel located in the heart of Midtown East, right off of Park Avenue. This offering presents everything a savvy investor could look for: situated in an elegant prewar building that has been immaculately maintained, this is a rare offering with the potential to rent short term and have everything taken care of by the hotel management company. Don't lift a finger while making a return on your unit and stay in it while you are in the city or, live in it full time. Either way, you've got options. Units 1103 &1102 were immaculately renovated by the current owner and feature a seamless floor plan that gives the option to use the space however you see fit. It can be a 2 bedroom, 2 bathroom with a large master ensuite, or the doors can simply be locked to create two separate units: a studio and a 1 bedroom. The space has city views over 56th street (south facing) and large walk in closets throughout. It has barely been used by its current owner. The Lombardy is a full service building that accepts dogs and cats, pied a terres and has a gym for tenants to use at their convenience.

Listing History for 111 East 56th Street, 1102/1103

Now
03/16/2023
$999,999 [-$175,001] [14.9%]
Price Drop by Sonia Hondraki
Compass
01/13/2023
$1,175,000
Initial Price by Sonia Hondraki
Compass

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

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: 2018295