111 East 56th St. 303 $995,000

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    111 East 56th St. 303 New York, NY 10022

    • 1 Beds
    • 1 Baths
    • 900 sq. ft.
    • Co-Op
    • MLS# 3865057
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    Views: 0 Days On Site: 5

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    Property Details

    NEW TO MARKET RENOVATED INVESTMENT OPPORTUNITY Come see this amazing investment opportunity. Unit 303 is a spacious (900 sq feet) and impeccably renovated one-bedroom in the Lombardy Hotel and Apartments. This front-facing, quiet pre-war apartment is renovated to the highest standards. It boasts 9-foot beamed ceilings and a gracious layout. This home blends the best of both worlds: a hotel apartment that makes for the perfect pieds-a-terre when you are in town and a great investment that can be rented by the hotel on a nightly, weekly, or monthly basis. Built in 1926 by William Randolph Hearst, the Lombardy Hotel has been home to many dignitaries and celebrities. It offers unparalleled elegance and discretion in a boutique setting. Services at the Lombardy Hotel (included in the maintenance) are twice-daily maid service, concierge, bellman, a fitness center, dry cleaning services, a business center, an espresso bar, and valet parking. The location is on 56th Street between Park and Lexington Avenues – only four blocks from Central Park and close to NYC’s best shopping, restaurants, museums, and cultural attractions. International, corporate, trust and pieds-a-terre purchases are welcome. 50% financing is permitted. Electric and gas are included in the maintenance. Very Limited Access but great investment opportunity. Newly renovated and in high demand.

    • General Features
      • Year Built 1927
      • Real Estate Tax 0
      • New Development No
      • Neighborhood Midtown Central
      • Hoa Fee 4159.00
      • General Condition Excellent
      • Floor Number 3
    • Building Features
      • Building Class H7
      • Building Bike Storage No
      • Building Gym Yes
      • Building Garage Yes
      • Building Elevator Yes
      • Building Doorman Yes
      • Central Ac Yes
      • Ceiling Height Inches 1.00
      • Ceiling Height Feet 9
      • Building Storage No
      • Building Rooftop No
      • Building Prewar Yes
      • Building Pool No
      • Building Pets Yes
      • Building Name The Lombardy
      • Building Laundry Yes
      • Number of Rooms 3.00
      • Number of Half Baths 0
      • Number of Building Units 176
      • Number of Building Stories 22
      • Live In Super 0
      • Home Offices 0
      • Has Outdoor Space No
      • Has Fireplace No
      • Garden No
      • Foyer No
      • Dishwasher Yes
      • Unit Terrace No
      • Unit Number 303
      • Unit Laundry No
      • Unit Garden No
      • Unit Balcony No
      • South Exposure Yes

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    Neighborhood

    10022 (New York) Demographics

    48 Median Age
    73,861 Population Density (per sq. mile)
    86% College Educated
    $138,661 Estimated Median Income
    8,776 Estimated Total Home Owners
    9,201 Estimated Total Renters
    49% / 51% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    31,574 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $899,000 Median Sales Price
    7 Homes Sold
    37 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $995,000
        9/22/2022 5:33:00 PM New in Database Source: Multiple Listing Service New Value: $995,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.