PERFECT PIED-A-TERRE W/ INCOME POTENTIAL
Lovely, commodious, bright & well proportioned 3.5 room ('one bedroom suite') apartment in mint condition, exuding a serene & sophisticated ambience -- perfect for a Manhattan residence, pied-a-terre or excellent investment opportunity.
Recently renovated by a famous South American decorator, the apartment is 'Turn-key' ready, 'pin-drop' quiet and features large, gracious rooms, abundant closet space and 9+ft ceilings.
Apartment 1008 is one of largest one bedroom suites in the Lombardy and one of the most consistently requested apartments from the Lombardy 'rental pool.' As an additional benefit for investors who are solely interested in income, 1008 can easily be divided and reconfigured into 2 large, spacious studio apartments to significantly increase income potential. A file of architectural renderings for potential apartment re-configuration to enhance usability/rental income is available upon request.
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, as did many of the notable & glamorous stars of the 'Old Hollywood' of the 40's & 50's.
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 expensive 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 the highly reviewed 'American Cut' restaurant, 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. Pets are allowed for unit owners.
Similar Sales in The Lombardy
08/29/2018 5 rm / 2 bd / 2.5 bth $960,000
Recent Sales in Area*
06/05/2019 480 PARK AVENUE
06/03/2019 325 EAST 57TH STREET
05/03/2019 50 SUTTON PLACE SOUTH
04/18/2019 300 EAST 59TH STREET
04/17/2019 480 PARK AVENUE
03/18/2019 400 EAST 56TH STREET
03/11/2019 455 EAST 51ST STREET
02/01/2019 440 EAST 57TH STREET
01/22/2019 45 SUTTON PLACE SOUTH
01/14/2019 420 EAST 55TH STREET
* 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.