111 East 56th Street, Unit 1415

Midtown East

$1,300,000
Price
2
Beds
2
Baths
1,500 Sq. Ft.
$867 / Sq. Ft.
1,500
Sq. Ft.
$867
per Sq. Ft.

Description

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...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!

Property Details for 111 East 56th Street, Unit 1415

Zoning
C5-2
View
City

Location

Listing Courtesy of Serhant LLC
Add your commute
LISTING UPDATED: 04/03/2024 03:37 PM

Property Details for 111 East 56th Street, Unit 1415

StatusActive
MLS IDRPLU-1032522941234
Days on Market32
Taxes-
Maintenance$7,376 / month
Min. Down Pymt50%
Total Rooms4.0
Compass TypeCo-op
MLS TypeCo-op
Year Built1927
CountyNew York County

Building

The Lombardy

162 Units22 StoriesBuilt in 1927

Location

Listing Courtesy of Serhant LLC
Add your commute

Building Information for 111 East 56th Street, Unit 1415

Building/ComplexThe LombardyFloor14Stories22Residences162Pet PolicyAllowedYear Built1927Building AgePre-warBuilding TypeHighrise

Payment Calculator

$11,810 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,434

Property Taxes

$0

Maintenance/Common Charges

$7,376

The Payment Calculator is for illustrative purposes only.

Property Information for 111 East 56th Street, Unit 1415

Summary
Location and General Information
  • Subdivision Name: Midtown East
  • Stories Total: 21
  • Garage Spaces: 0.0
  • View: Yes
Taxes and HOA
  • Tax Lot: 0016
  • Tax Deduction Percent: 20.00%
  • Tax Block: 01824
  • Flip Tax Type: Percent
  • Association Fee Frequency: Monthly
  • Flip Tax: $1
  • Building Tax Lot: 0016
  • Tax Monthly Amount: 0.0
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area Units: SquareFeet
  • Building Name: The Lombardy
Building Information
  • Building Features: SpaHotTub
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: None
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: StockCooperative
  • Number Of Shares: 333
  • New Construction: No
  • Structure Type: HighRise
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Exterior Features: None
  • Patio And Porch Features: None
Interior Features
  • Cooling: CentralAir
  • Entry Level: 14
  • Fireplace: No
  • Floor Number: 14
  • Basement: No
  • Cooling: Yes
  • ElevatorsTotal: 6
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Attendance Type: DoormanFullTime, ConciergeYes
  • Land Lease: No

Property History for 111 East 56th Street, Unit 1415

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 111 East 56th Street, Unit 1415

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 59 Beekman Hill International
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 104 Simon Baruch
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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111 East 56th Street, Unit 1415 is a co-op for sale in Midtown East. This property was listed for sale on April 3, 2024 by Serhant LLC, it's currently listed at $1,300,000. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 59 Beekman Hill International, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 111 East 56th Street, Unit 1415 is a 2-bed, 2-bath, 1,500 sqft co-op built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Serhant LLC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.