Welcome to an exceptional opportunity in the heart of Manhattan's prestigious Midtown East corridor. Built by William Randolph Hearst, this spacious south-facing 1-bedroom, 1-bathroom residence is located within the iconic The Lombardy Hotel - one of New York City's rare and highly sought-after hotel cooperatives.
Bathed in natural southern light, this gracious home offers generous proportions and tremendous potential. With thoughtful upgrades, the apartment may qualify to enter the hotel rental pool at The Lombardy, making it an exceptional opportunity for both investors and end users seeking flexibility and income potential.
Residents of The Lombardy enjoy a full suite of hotel-style amenities including an on-site fitness center, barber shop, valet services, and attentive staff. Perfectly positioned just moments from Madison Avenue, Fifth Avenue, and Central Park, the location places you within a short stroll of world-class shopping, celebrated cultural destinations, and some of Manhattan's finest Michelin-starred restaurants.
A rare chance to own in one of Manhattan's classic white-glove hotel cooperatives, where timeless New York elegance meets investment versatility.
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.
According to New York City records, the median price for an apartment in Manhattan for the month of September 2023 was $1,087,000. The price represents a decrease of 5.5% from the median price of $1,150,000 recorded in September 2022. The number of apartment sales fell from 1,170 to 821 reflecting a year-over-year decrease of 30%. ...
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