111 East 56th Street Apt: 1406
New York, NY 10022
Cross street:Park Avenue

Building

Type:High-Rise
Era:Post-war
Floors:21

Property

Ownership: Co-op
Rooms: 4
Bedrooms: 2 BR
Bathrooms: 2
Pets: Pets Allowed

Financials

Price:$1,000,000
Maintenance:$7,376
Financing Allowed:50%
Minimum down:$500,000
505 Park Ave, New York, NY 10022
Listing Courtesy of Serhant LLC

Iconic Living amp ; Intelligent Investing at The Lombardy Experience a rare fusion of heritage charm and modern financial strategy in this nearly 1, 500 square foot offering at The ...

Description

Iconic Living & Intelligent Investing at The Lombardy

Experience a rare fusion of heritage charm and modern financial strategy in this nearly 1,500-square-foot offering at The Lombardy. Thoughtfully reconfigured into two independent luxury suites, this property provides the unique flexibility to serve as a private residence, a high-yield investment, or both.

The Residences Both suites have been meticulously renovated with high-end finishes, including elegant wide-plank oak flooring, recessed lighting, and abundant storage. Each features a spa-inspired five-piece bathroom equipped with a double vanity and a walk-in shower.

  • Suite 1406: A sprawling one-bedroom retreat. Four oversized windows flood the space with natural light, while a designated dining area and well-appointed kitchenette make it an ideal setting for entertaining.

  • Suite 1415: A lavish studio layout that maintains the same high standard of luxury, offering a sun-drenched sanctuary with two large windows and sophisticated amenities.

The Opportunity From a financial perspective, this property is designed for performance. With projected nightly rates of $443 for the one-bedroom and $343 for the studio, the units offer an impressive net revenue to the shareholder ranging from 49% to 62%. Ownership is effortless; whether you choose to reside in one suite or rent both, The Lombardy's renowned hotel pool manages all rental logistics on your behalf.

The Neighborhood Located on East 56th Street, you are positioned in the heart of Manhattan's luxury corridor. Moments from Central Park and surrounded by icons like the Waldorf Astoria and Mandarin Oriental, this is the epitome of New York City living.

Viewing Information Weekday open house times are placeholders only. All showings are by appointment and can be easily scheduled throughout the day. Reach out today to secure your place in one of the city's most storied buildings.

Amenities

Health Club; Hotel Style Service; Maid Service; Valet; Business Center;
  • Attended Elevator
  • Elevator
  • Full service

Neighborhood

More listings:

OLR IDX

RLS Data display by Nest Seekers LLC.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.