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111 E 56th Street, Unit 1406, Manhattan, NY 10022

$1,000,000
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Active
BEDS2 BATHS2 full MLS#RLS20064309
STATUSActive PROPERTY TYPEResidential - Condominium SUBDIVISIONMidtown East

Property Description

Iconic Living & Intelligent Investing at The Lombardy

Experience a rare fusion of heritage charm and modern financial strategy in this nearly 1,500-square-foot offering at The Lombardy. Thoughtfully reconfigured into two independent luxury suites, this property provides the unique flexibility to serve as a private residence, a high-yield investment, or both.

The Residences Both suites have been meticulously renovated with high-end finishes, including elegant wide-plank oak flooring, recessed lighting, and abundant storage. Each features a spa-inspired five-piece bathroom equipped with a double vanity and a walk-in shower.

  • Suite 1406: A sprawling one-bedroom retreat. Four oversized windows flood the space with natural light, while a designated dining area and well-appointed kitchenette make it an ideal setting for entertaining.

  • Suite 1415: A lavish studio layout that maintains the same high standard of luxury, offering a sun-drenched sanctuary with two large windows and sophisticated amenities.

The Opportunity From a financial perspective, this property is designed for performance. With projected nightly rates of $443 for the one-bedroom and $343 for the studio, the units offer an impressive net revenue to the shareholder ranging from 49% to 62%. Ownership is effortless; whether you choose to reside in one suite or rent both, The Lombardy's renowned hotel pool manages all rental logistics on your behalf.

The Neighborhood Located on East 56th Street, you are positioned in the heart of Manhattan's luxury corridor. Moments from Central Park and surrounded by icons like the Waldorf Astoria and Mandarin Oriental, this is the epitome of New York City living.

Viewing Information Weekday open house times are placeholders only. All showings are by appointment and can be easily scheduled throughout the day. Reach out today to secure your place in one of the city's most storied buildings.

 

111 E 56th Street, Unit 1406 | MLS# RLS20064309

This condo located at 111 E 56th Street, Unit 1406, Manhattan, NY 10022 is currently listed for sale with an asking price of $1,000,000. This property was built in 1927 and has 2 bedrooms and 2 full baths. E 56th Street, Unit 1406 is located in the Midtown East subdivision. Search Midtown East real estate on www.joycerealty.com today.

Property Features

Property Type: Residential - Condominium
Basement: Other
Cooling: Central Air
Stories: 21.0
Year Built: 1927

Amenities

None

Feature Descriptions

Building Features: Spa/Hot Tub
Days on Site: 193
HOA Fee: 7376/ Monthly
Hot Tub: Yes
Laundry: Building None
Parcel#: 1311-0005-00111-000-0001406
Patio/Porch: None
Pets Allowed: Building Yes, Yes
Special View Info: City

Listed By / Shown By

Listed By

Agency Name: Serhant
Agency Phone: 646-480-7665

Shown By

Agency Title: Joyce Realty
Agency Phone: (800-275-5692)

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Estimated Payment

$ 2,517.23 per month $2,225.57 Principal & Interest $0.00 Property Tax (data not provided by mls) $291.67 Homeowner's Insurance

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