111 E 56Th Street # 1415
Manhattan, NY, 10022 $ 1,300,000
Bedrooms2 Baths2.0 Monthly Estimate*
$ 8,640
for $1,300,000 with 2 bedrooms and 2 full baths. This home was 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!
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FeaturesGeneralCooling CentralAir
Exterior Features None
Zoning C5-2
HOA 7376.0
Garage Spaces 0.0
Patio/Porch Features None
Pets Allowed BuildingYes Yes
Year Built 1927
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Unit Number 1415
Property SubType Apartment
Building Name The Lombardy
Assoc Fee Paid Per Monthly
County NewYork
New Construction No
Property Type Residential
Subdivision Name Midtown East
Garage Y/N No
Building Features GreenBuilding SpaHotTub
Total Rooms 4
City NewYorkCity
View Y/N Yes
Total Units 0
Street Name 56TH
Land Lease Y/N No
Structure Type HighRise
Standard Status Active
Tax Lot 0016
Property Sub Type Additional Apartment
Expected Active Date 2024-04-03
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InteriorBasement Other
Total Stories 21
Basement (Y/N) No
Air Conditioning Y/N Yes
Fireplace Y/N No
Full Baths 2
Half Baths 0
Street Suffix Street
Laundry Features BuildingNone
Total Bedrooms 2
Entry Level 14
Total Baths 2
Living Area Units SquareFeet
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $8,640
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCo-op listings in Manhattan, NY
Average List Price $2,086,195
Percent of Sale Price 60%
About Manhattan, NY 1,662,179 Population
8% Since 2002
$ 86,055 Median Income
39.14 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
1503813 Elementary School
1503814 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/3/2024 | $1,300,000 | | Listed Price |