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Art Irwin

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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 810

,
Midtown East,  NYC

Cooperative

$575,000

PERFECT PIED-A-TERRE W/ INCOME POTENTIAL

Lovely, commodious, bright & well proportioned 2.5 room north-facing studio apartment in good condition exuding a serene ambience - perfect for a Manhattan part-time residence or investment. 'Turn-key' ready, the apartment features a large (& extra wide) 'studio' (accomodating 2 queen size beds), marble bath & attractive kitchenette. Excellent income potential for an investor!

Apartments 810, 512, 208, 1400, 1401, 1408 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' off Park Avenue (presently the epicenter of the most expensiive real estate in Manhattan), 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

05/25/2017 3 rm / 1 bd / 1 bth $700,000

10/06/16 3.5 rm / 1 bd / 1 bth $725,000

Recent Sales in Area*

10/04/2017 333 East 53rd St $600,000

09/14/2017 245 East 54th St $600,000

09/13/2017 400 East 52nd St $575,000

09/12/2017 321 East 54th St $560,000

09/06/2017 225 East 57th St $650,000

09/05/2017 251 East 51st St $600,000

08/08/2017 400 East 59th St $612,000

08/08/2017 209 East 56th St $635,000

08/02/2017 411 East 57th St $550,000

08/02/2017 333 East 53rd St $587,000

* 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 #:14253298
Price: $575,000
Maintenance: $2,538.33
Financing: 50%
Tax Deduction: 20%
Mortgage Calculator Property Type: Cooperative
Type: Simplex

Residence Information

Rooms: 2.5
Bathrooms: 1.0
Pied-à-terre: Allowed
Period: Pre-War
Built: 1927
Building Type: Elevator

Building Information

Central Air Doorman Attended Lobby Concierge Health Club Pets Allowed

Nearby Subways

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Nearby Restaurants

Land of Plenty (0.20 mi)
Cafe 2 (0.30 mi)
Sushi Yasuda (0.66 mi)
Má Pêche (0.27 mi)

Nearby Bars and Nightlife

Blue Fin (0.77 mi)
Above 6 (0.79 mi)

Nearby Shopping

Nearby Health and Fitness