For Sale · Listing by Compass
111 E 56th Street #1005
Midtown East, Manhattan
$499,000
111 E 56th Street #1005
MLS® #RLS20006565
Listing by Compass
- 2
- Bedrooms
- 2
- Baths
- N/A
- Sq. Ft.
- 1927
- Year Built
Quick Summary
Property Highlights
- Character: Pre-war building (1927)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Mar 4, 2025 | $950,000 | - |
| Price Reduced | Feb 18, 2026 | $649,000 | -31.7% |
| Currently | Nov 4, 2026 | $499,000 | -23.1% |
Recent Sales in This Building
What other apartments here closed for in the last three years, as reported to the REBNY Listing Service (RLS).
| Closed | Unit | Beds | Sold For | Per Sq Ft |
|---|---|---|---|---|
| Sep 9, 2026 | Unit 39-L | 2 BR | $3,175,000 | $2,655 |
| Sep 1, 2026 | Unit 41K | 2 BR | $4,250,000 | $2,993 |
| Jun 12, 2026 | Unit 37B | 1 BR | $1,880,000 | $2,713 |
Description
Live or Invest: Rare 2BR at The Lombardy Hotel with Luxury Services Welcome to apartment 1005 at The Lombardy Hotel. This is a rare southern facing two bedroom, two bathroom apartment. There is a spacious eat in kitchen, a bonus dressing room or home office (with plumbing intact) along with a truly usable terrace with seating for at least three! The apartment has a washer/dryer and multiple walk-in closets. This is either an Investors Dream (there is permissible Daily, Weekly and Monthly short term rentals) or you make this your own personal residence, and live in luxury with all Hotel Services, including a Doorman, Bell Man, Front Desk, Fitness Center, Business Center, Nico’s Beauty Salon and valet parking. Housekeeping is available for an extra fee. The Lombardy Hotel is situated in the heart of Manhattan, steps from the to the best dining, shopping, art galleries and Theatres. Maintenance includes utilities.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Building Information
Financial Details
About Midtown East
View All Midtown East ListingsMidtown East is a dynamic hub that is the gateway to Manhattan for many. Home to iconic landmarks like Grand Central Terminal and the Chrysler Building, the neighborhood offers unparalleled convenience for commuters and professionals. The residential landscape is a mix of high-rise luxury towers and historic side-street cooperatives, providing a wide array of options for those who want to be at the center of the city's energy.
Midtown East Live Market Data
View NeighborhoodActive Listings
239
Median Asking Price
$1.75M
Median $/Sqft
$1,744
Avg Days on Market
N/A
New This Week
4
Price Reduced
24%
Sold (30 Days)
13
Median Sale Price
$1.65M
Live data from RLS at REBNY • Updated 11/4/26, 6:57 AM EST
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Location
111 E 56th Street #1005, Midtown East, New York County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed monthly maintenance are $9,281.12 per month. Confirm the exact amount with Milton Coste before making an offer.
The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.
This property has 2 bedrooms and 2 full bathrooms.
According to MLS records, the building was constructed in 1927, making it approximately 99 years old.
This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.
Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Compass - Karen L Kelley
Listing Contact: (917) 952-7732
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works
RLS Data display by Keller Williams NYC. Data last updated on 11/4/2026 at 11:57 AM UTC
See it in person
Sale history, taxes, violations and comps for this unit
Before you bid
Pre-Offer Report: 111 E 56th Street #1005
At $499,000, the listing leaves out what decides the offer: the recorded sale history, the tax and abatement picture, open building violations and permits, and the closed sales that set the price. Milton prepares the report from public records. No obligation.
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What happens next
- 1Milton emails you today.
- 2A short call about what you want and when.
- 3The agreement arrives electronically after the call. Then showings.
Your info is secure and never shared.
You're contacting Milton Coste, a buyer's agent. Before any private showing, New York brokerage rules require a short non-exclusive agreement. Milton walks you through it before you sign anything. Broker commissions are not set by law and are fully negotiable. How working together works.
Midtown East Market Update
13 sales last 30 days · $1.75M median · 18.4 months supply
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Quick Facts
Monthly Costs Estimate
$99,800
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
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