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The Lombardy, 111 East 56th Street, #PH19

$3,000,000 ($1,000 per ft2) -14.3% | 3 beds, 2.5 baths | Approx. 3,000 ft2
175 days on Market

Key Details

  • Listed: Oct 26, 2023
    Last Price Change: -14.3% ($500,000) on Jan 22
    Days on Market: 175
    Building Type: Cooperative
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 1,235 times
Monthly Maintenance: $19,979 ($6.66/ft2)
Est. Monthly Mortgage: $10,253
Total Est. Monthly Carrying Cost: $30,232 ($10.08/ft2)
Note: the above is based on a down payment of 50% ($1,500,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Luxurious and Historic Penthouse: This luxurious penthouse unit, located in the prestigious Lombardy Hotel built by William Randolph Hearst in 1926, offers over 3000 square feet of interior space and approximately 1600 square feet of terraces with beautiful skyline views. The historic building has been home to celebrities like Elizabeth Taylor, Richard Burton, and Bette Davis.
  • Premium Services and Amenities: The property offers full-time doorman and concierge services, twice-daily maid service, valet parking, and dry cleaning service. Residents also have access to a fitness center, beauty salon, and business center.
  • Convenient and Flexible Ownership: The maintenance includes electricity, gas, and operational services. Owners have the option to participate in the hotel’s rental program and collect 100% of the rental revenue. Foreign, Corporate, Trust and Pied-a-Terre purchases are welcome, with 50% financing permitted.
  • Pet-Friendly with Abundant Storage: The unit comes with an in-unit washer and dryer and an abundance of storage space. The building is pet-friendly.
  • Prime Location: The property is located in the Plaza District of midtown Manhattan, close to Central Park, shopping, restaurants, museums, and the theatre district. It also offers good public transportation access.
  • Additional Features: The building boasts a large lobby with an impressive entrance and an excellent in-house restaurant.

Description

Please note that the above-referenced price reflects the minimum bid for the property, which is being marketed for sale by private luxury property auction. Bidding is open now through March 14, 2024. Seller reserves the right to accept or reject bids.

Additional terms apply. Please visit Paramount Realty USA’s website for further details here: Luxurious Penthouse Living at the Lombardy: This spectacular Penthouse unit, located just off of Park Avenue, boasts over 3000 square feet of interior space, approximately 1600 square feet of terraces, and is bathed in light with exposures in all four directions. Entry to the Penthouse is through a gracious sitting room/private gallery with access onto the west terrace.

The expansive and inviting living/dining room is grand in scale and enjoys skyline views through north facing windows. Off of the living room are the luxurious master bedroom suite, with its large windowed en-suite bath, huge eat-in gourmet kitchen equipped with top of the line appliances, and a second bedroom also with an en-suite bath. The sun-flooded and dramatic east terrace enjoys beautiful skyline views to the south, east and north and can be accessed from both the kitchen and the third bedroom which is currently set up as an office.

There is a washer dryer in the apartment, an abundance of storage and a powder room. The Lombardy Hotel was built by William Randolph Hearst in 1926 and has been home to such legends as Elizabeth Taylor & Richard Burton, Bette Davis and Richard Rodgers. The Lombardy remains a sophisticated residence in an ideal location in the Plaza District of midtown Manhattan close to Central Park and with easy access to great shopping, the best restaurants, top museums and the theatre district. Services at the Lombardy are unmatched and include a doorman, fitness center, beauty salon and business center.

Foreign, Corporate, Trust and Pied-a-Terre purchases are welcome. Pets allowed. 50% financing permitted.

Electricity, gas and operational services are included in maintenance. Unit owners/shareholders can participate in the hotel’s rental program which allows them to collect 100 percent of the rental revenue.

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Listing Agent (Seller's Representative)

Listing courtesy of Compass

Pricing History

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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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Pros
  • Full service hotel qualities and advantages
  • Sidewalk landscaping
  • Large lobby
  • Impressive entrance
  • Good public transportation
  • Gargoyles
  • Concierge
  • Doorman
  • Excellent in house restaurant
  • Maid- valet- and laundry services daily
  • Close to Subway
Cons
  • No roof deck
  • Considerable traffic
  • No balconies
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Subways

  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Lexington Ave and 60th 0.18 miles
  1. M
  2. E
at Lexington Ave and 53rd 0.24 miles
  1. F
at Lexington Ave and 63rd 0.35 miles

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