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Total Est. Monthly Carrying Cost:
$10,957 ($8.87/ft2)
Note: the above is based on a down payment of 50% ($500,000),
which is the minimum amount permitted by the building.
Description
Welcome to the Lombardy Hotel located in the heart of Midtown East, right off of Park Avenue. This offering presents everything a savvy investor could look for: situated in an elegant prewar building that has been immaculately maintained, this is a rare offering with the potential to rent short term and have everything taken care of by the hotel management company. Don’t lift a finger while making a return on your unit and stay in it while you are in the city or, live in it full time.
Either way, you’ve got options.
Units 1103 &1102 were immaculately renovated by the current owner and feature a seamless floor plan that gives the option to use the space however you see fit. It can be a 2 bedroom, 2 bathroom with a large master ensuite, or the doors can simply be locked to create two separate units: a studio and a 1 bedroom.
The space has city views over 56th street (south facing) and large walk in closets throughout. It has barely been used by its current owner.
The Lombardy is a full service building that accepts dogs and cats, pied a terres and has a gym for tenants to use at their convenience.
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