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The Lombardy, 111 East 56th Street, #1406

Listing no longer available on CityRealty as of Dec 4, 2023
It previously was on the market for a total of 241 days.
3 apartments are currently available in this building.
241 days on Market

Pricing History

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Key Details

  • Listed: Apr 7, 2023
    Days on Market: 241
    Building Type: Cooperative
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 393 times
Monthly Maintenance: $6,822 ($4.55/ft2)
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $11,274 ($7.52/ft2)
Note: the above is based on a down payment of 50% ($650,000), which is the minimum amount permitted by the building.

Description

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.

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Apartment Amenities

  • City View

About The Lombardy, 111 East 56th Street

77

The Lombardy, 111 East 56th Street has received a CityRealty Rating of 77, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

29
Out of 44
+
24
Out of 36
+
17
Out of 39
+
7
=
77
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Partially Visible 1 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
Distinctive 2 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
Some 1 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Conversion Year: 1956
  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Central AC
  • Full Service Garage
  • Health Club
  • Elevator
  • Business Center
  • Fitness Center
  • In-Unit Washer/Dryer
  • Fireplaces
  • Live-In Superintendent

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Other Apartments Available in this Building (2)

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