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Art Irwin

Lic. R.E. Salesperson
Office:(212) 381-3263
Mobile:(917) 599-7193

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Halstead Property agent.

111 East 56th Street 1400

,
Midtown East,  NYC

Cooperative

$925,000

3.5 RM PIED-A-TERRE/RESIDENCE/INVESTMENT

Sophisticated, spacious high-floor 3 1/2 room (one bedroom, 1bath) apartment exuding charm, serenity & style - perfect for a Manhattan full time residence/pied-a-terre/investment. 'Turn-key' ready, the apartment is in excellent condition, tastefully & stylishly appointed with high end fixtures & finishes. The apartment features large, well proportioned rooms (bedroom w/sitting room), a gracious floor plan, commodious closet space, 10 ft ceilings, open south & east views with wonderful natural light.

Presently apartment 1400 is offered w/ contiguous apartments, 1401 (3 1/2 rooms) & 1408 (2.5 room studio apartment) as a package for $2,300,000. The combined maintenance for the 3 apartments is $8528.40.

Apartments 1400, 1401, 1408, 512, 810, 208 also are part of an investor package of 6 apartments which can be purchased separately or jointly. The price for the package is $3,725,000.

The distinguished 'Lombardy' has been the 2nd home to many prominent American & foreign owners. Richard Rogers, Richard Burton & Elizabeth Taylor spent much of their NY time at the Lombardy. Built by William Randolph Hearst in 1926, the building is located on a leafy and tranquil side street in the sophisticated 'East 50s', two blocks from Central Park, convenient to all transportation -- and proximate to Manhattan's most fashionable shops, boutiques & restaurants. The Lombardy includes Cafe 56 restaurant (offering room service), a state of the art fitness center, business center, beauty salon, espresso bar; valet parking is available for residents. Maid service (twice daily) and utilities are included in maintenance. Importantly, the Lombardy is a unique investment opportunity -- owners who are infrequently in residence may rent their apartments daily, weekly, monthly (or longer) and receive income during the time they are away. A 'Lombardy' in-house executive vets rental clients and arranges for apartment rentals. 2% flip tax paid by seller.

Property Floorplan

Similar Sales in The Lombardy

02/06/2017 3 rm / 1 bd / 1 bth $950,000

Recent Sales in Area*

09/25/2017 345 East 52nd St $895,000

09/15/2017 60 Sutton Pl South $999,000

08/01/2017 480 Park Ave $922,500

07/25/2017 14 Sutton Pl South $907,000

07/06/2017 420 East 55th St $930,000

06/28/2017 300 East 54th St $1,064,250

04/26/2017 300 East 59th St $1,050,000

04/21/2017 200 East 57th St $995,000

04/10/2017 420 East 55th St $969,000

04/06/2017 400 East 56th St $875,000

* Recent sales in area is compiled by properties having the same bedroom count or same bathroom count, property type, location, and a similar price range. Sales history may include properties with varied amenities and conditions (views, layout, market timing and other significant variables). Contact agent for more details regarding this information.

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Property Details

Web #:14253195
Price: $925,000
Maintenance: $3,273.41
Financing: 50%
Tax Deduction: 20%
Mortgage Calculator Property Type: Cooperative
Type: Simplex

Residence Information

Rooms: 3.5
Bedrooms: 1
Bathrooms: 1.0
Pied-à-terre: Allowed
Period: Pre-War
Built: 1927
Building Type: Elevator

Features

City Views 1 Wdbrn Fireplace

Building Information

Central Air Doorman Attended Lobby Concierge Health Club Pets Allowed

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Industry (0.90 mi)
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