$1,300,000
Updated 2 years ago
Off Market

The Lombardy

111 East 56th Street, 1415

Midtown East, Manhattan | Park Ave & Lexington Ave

4 Rooms2 Beds2 Baths1,500 Square FeetCo-op

$1,300,000
Maintenance$7,376
Price Per SF
$867

Listing Features

  • Entry Foyer
  • Recessed Lighting
  • Split Bedrooms
  • Walk-in Closet
  • Microwave
  • S Steel Appliances
  • Double Vanity
  • En Suite Bathroom
  • Soaking Tub
  • Stall Shower

Outdoor space and views

  • City Views

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, 1415

This exclusive offering at The Lombardy presents an unparalleled opportunity for investment, leisure, and convenience. With two distinct suites meticulously crafted from an original unit of nearly 1,500 square feet, you have the flexibility to enjoy luxury living while maximizing your investment potential.

Suite 1406 features a sprawling one-bedroom executive suite, complete with four windows that flood the space with natural light. Hosting friends or family is effortless with a designated dining area, well-appointed kitchenette, and ample room for entertainment. Meanwhile, Suite 1415 offers a lavish studio layout, boasting two windows and equally impressive amenities.

Both suites offer indulgent five-piece bathrooms with double vanities and walk-in shower stalls, along with elegant wide plank oak floors, recessed lighting, and abundant storage options throughout.

From a financial perspective, the projected nightly rental rates are compelling, with the studio fetching $343 and the one-bedroom commanding $443. With net revenues ranging from 49% to 62% to the shareholder, this investment promises both stability and profitability.

Situated on East 56th St, just moments from Central Park and amidst a vibrant landscape of luxury developments, including the Waldorf Astoria and Mandarin Oriental, this property offers the epitome of New York City living. Whether you choose to occupy one residence, both, or neither, The Lombardy's renowned hotel pool ensures seamless rental management whenever you're away.

Don't miss out on this exceptional opportunity to own a piece of Manhattan's iconic skyline. Reach out today to learn more and secure your place in the heart of the Big Apple!


Listing History for 111 East 56th Street, 1415

Now
09/02/2024
Expired by David Rosen
Serhant LLC
04/03/2024
$1,300,000
Initial Price by David Rosen
Serhant LLC

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

David Rosen
Serhant LLC
Socrates Gomez
Serhant LLC

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: 2083060