by RH Advisors

See Home Value
$1,300,000
Co-op - Off Market

111 E 56TH Street #1406

Manhattan, NY 10022
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1500 Sqft
$1,395,602
RealtyHop Estimate
7.35%
Since Oct 1, 2022
NY-New York
Primary Model

About This Property

Investment, crash pad, second home? What about all of the above?

This is a once-in-a-lifetime opportunity to own a private property in the The Lombardy. Before we discuss the value proposition, which is easier to manage then an Airbnb, and more lucrative, let us present the property.

Originally one unit, the owners have created two distinct suites - marketed within the Hotel Pool as 1406 and 1415, each which is large, elegant and bright. Originally almost 1,500 square feet, the new units are split with a massive one bedroom executive suite with four windows.

The studio is equally grand, with two windows. The One bedroom allows you to entertain, with a dining room table, kitchenette, and space for a large entertainment section. There are luxurious wide plank oak floors, recessed lights, and additional storage throughout. Absolute black granite countertops with solid oak cabinets compliment the design.

The Studio is massive, and also has the recessed lighting and wide plank oak floors.

Each of your new bathrooms is a luxurious five piece bathroom with double vanities and walk-in shower stalls and rain showers. Now, let's talk money: the pro-forma nightly rental price of the Studio is $343. The pro-forma on the One Bed is $443. The net revenue, nightly to the shareholder is between 49% - 62% to the shareholder. To hear more, please reach out. Big picture - you can use one residence, both residences, or neither any night, any time. When you aren't using the property, the Lombardy will rent it out. East 56th St is a world class location for a pied-a-terre with new developments like the Waldorf Astoria and Mandarin Oriental launching soon. Four blocks from Central Park, minutes from the train, and in the heart of the Big Apple.
Unit Size
1,500Ft²
Days on Market
-
Land Size
-
Price per sqft
$867
Property Type
Co-op
Property Taxes
-
HOA Dues
$6,822
Year Built
1927
Last updated: 5 months ago (RLS #RPLU-5121713681)

Property Highlights



Building Info

The Lombardy 111 East 56th Street, New York, NY 10022
  • 1 Units
  • 3 Units for Sale
More about this Building
111 East 56th Street
Want to find out who owns 111 East 56th Street, New York, NY 10022? Get detailed property transactions here .

About Midtown Manhattan


Similar Homes for Sale

Unit for sale at 117 East 57th Street, Manhattan, NY 10022

$1,299,000

  • 1 Bed
  • 2 Baths
  • 1,066 ft²
117 East 57th Street #3435C, Manhattan, NY 10022 Listing by Niv Ezra Raz
Unit for sale at 150 East 61st Street, Manhattan, NY 10065

$1,395,000

  • 3 Beds
  • 2 Baths
  • 1,550 ft²
150 East 61st Street #3E, Manhattan, NY 10065 Listing by Elyse Dubin
Open House: 12PM - 1PM, Sat Jan 27
Unit for sale at 136 East 56th Street, Manhattan, NY 10022

$1,200,000

  • 3 Beds
  • 2 Baths
  • 1,475 ft²
136 East 56th Street #9D, Manhattan, NY 10022 Listing by Cheryl Rodrigues

Nearby Rentals

Unit for rent at 325 W 77th St, Manhattan, NY, 10024

$3,095 /mo

  • 1 Bed
  • 1 Bath
325 W 77th St #6E, Manhattan, NY, 10024 Listing by Bruno Ricciotti
Unit for rent at 226 East 74th Street, New York, NY 10021

$2,750 /mo

  • Studio
  • 1 Bath
226 East 74th Street #4D, New York, NY 10021 Listing by Robert Calvo
Unit for rent at 35 East 65th Street, New York, NY 10065

$2,850 /mo

  • Studio
  • 1 Bath
35 East 65th Street #2B, New York, NY 10065 Listing by Ian Matheson


Quantcast