Active

111 East 56th Street Unit: 1415

New York City NY, 10022

$1,300,000


Active

2 Beds

2 Baths

Condo

Built in 1927

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!

RPLU-1032522941234

MLS ID

April 3, 2024

Listed

April 3, 2024

Updated

Map

111 East 56th Street Unit: 1415
New York City NY, 10022

Interior Features

Total Stories

21


Bedrooms

2


Total Bathrooms

2


Laundry Description

Building None


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Exterior Features

None

Other Property Details

Common Charges

$7,376


Common Charges Frequency

Monthly


Garage

No


View

Yes


View Description

City


County

NewYork


Pool

No


Zoning

C5-2


Buyer Agency Compensation

2.5%

Courtesy of Serhant LLC with David Rosen, Socrates Gomez
Listing Contact: (917) 524-9680 

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

Data last updated 10:59 PM UTC, 4/3/2024

 

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