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Listing Courtesy of Serhant
$ 1,000,000
Est. payment /mo
New
111 E 56TH Street #1406 Manhattan, NY 10022
2 Beds
2 Baths
UPDATED:
Key Details
Property Type Co-op
Sub Type coops
Listing Status Active
Purchase Type For Sale
Subdivision Midtown East
MLS Listing ID RLS20064309
Bedrooms 2
Full Baths 2
HOA Fees $7,376/mo
HOA Y/N Yes
Year Built 1927
Property Sub-Type coops
Property Description
Iconic Living & Intelligent Investing at The Lombardy Experience a rare fusion of heritage charm and modern financial strategy in this nearly 1,500-square-foot offering at The Lombardy. Thoughtfully reconfigured into two independent luxury suites, this property provides the unique flexibility to serve as a private residence, a high-yield investment, or both. The Residences Both suites have been meticulously renovated with high-end finishes, including elegant wide-plank oak flooring, recessed lighting, and abundant storage. Each features a spa-inspired five-piece bathroom equipped with a double vanity and a walk-in shower. Suite 1406: A sprawling one-bedroom retreat. Four oversized windows flood the space with natural light, while a designated dining area and well-appointed kitchenette make it an ideal setting for entertaining. Suite 1415: A lavish studio layout that maintains the same high standard of luxury, offering a sun-drenched sanctuary with two large windows and sophisticated amenities. The Opportunity From a financial perspective, this property is designed for performance. With projected nightly rates of $443 for the one-bedroom and $343 for the studio, the units offer an impressive net revenue to the shareholder ranging from 49% to 62%. Ownership is effortless; whether you choose to reside in one suite or rent both, The Lombardy's renowned hotel pool manages all rental logistics on your behalf. The Neighborhood Located on East 56th Street, you are positioned in the heart of Manhattan's luxury corridor. Moments from Central Park and surrounded by icons like the Waldorf Astoria and Mandarin Oriental, this is the epitome of New York City living. Viewing Information Weekday open house times are placeholders only. All showings are by appointment and can be easily scheduled throughout the day. Reach out today to secure your place in one of the city's most storied buildings.
Location
Rooms
Basement Other
Interior
Cooling Central Air
Fireplace No
Laundry Building None
Exterior
Exterior Feature None
View Y/N Yes
View City
Porch None
Private Pool No
Building
Dwelling Type High Rise
Story 21
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 1311-0005-00111-000-0001406
Ownership Stock Cooperative
Monthly Total Fees $7, 376
Special Listing Condition Standard
Pets Allowed Building Yes, Yes
RLS Data display by Elegran Real Estate
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