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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 14ABC

,
Midtown East,  NYC

Cooperative

$2,300,000

JEWEL IN THE CROWN -- 3 APT COMBINATION!

AKA 1400, 1401,1408 -- three contiguous apartments for combination or to maintain separately: 1400 (3.5 rms) /1401 (3.5 rms) / 1408 (2.5 rms). 'Turn-key' ready, the 3 apartments are in good condition, tastefully & well appointed. Each of the 3 apartments feature large, well proportioned rooms, gracious & practical floor plans, commodious closet space, 10 ft ceilings, south, east & north exposures with wonderful natural light. The apartments are easy to combine to create a 7 room, 4 bedroom, 3 bath apartment. Alternatively the apartments can be maintained as separate apartments for maximum investment (rental) potential

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

Recent Sales in Area*

09/20/2017 45 Sutton Pl South $2,350,000

08/17/2017 430 East 56th St $2,345,000

08/15/2017 45 Sutton Pl South $2,310,000

08/03/2017 420 East 55th St $2,650,000

06/22/2017 200 East 57th St $2,200,000

06/14/2017 200 East 57th St $2,178,000

05/09/2017 350 East 57th St $2,500,000

05/03/2017 303 East 57th St $2,650,000

04/06/2017 300 East 54th St $2,325,000

03/28/2017 439 East 51st St $2,300,000

* 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 #:14255248
Price: $2,300,000
Maintenance: $8,528.40
Financing: 50%
Tax Deduction: 20%
Mortgage Calculator Property Type: Cooperative
Type: Simplex

Residence Information

Rooms: 7.0
Bedrooms: 3
Bathrooms: 3.0
Pied-à-terre: Allowed
Period: Pre-War
Built: 1927
Building Type: Elevator

Features

City Views

Building Information

Central Air Doorman Attended Lobby Concierge Health Club Pets Allowed

Nearby Subways

Nearby Citi Bike℠ Stations

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Nearby Restaurants

Nearby Bars and Nightlife

Flaming Saddles (0.97 mi)
M-Bar (0.68 mi)
Lantern's Keep (0.70 mi)

Nearby Shopping

H&M (0.79 mi)
Metalliferous (0.58 mi)
Winfield Flynn (0.96 mi)