Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $599,000

· Sold at asking price · Closed December 8, 2020

SOLD: 111 E 56TH Street #401
SOLD $599,000
Sold Co-op

$599,000

111 E 56TH Street #401

Midtown East, Manhattan

Lombardy, The

MLS® #RLS10602603

RLS at REBNY

Listing by Kleier Residential Inc

1

Bedroom

1

Bath

N/A

Sq. Ft.

1927

Year Built

Sale Details

Sale Price $599,000
Original List Price $599,000
First Listed At $675,000
Close Date December 8, 2020
vs. Asking Sold at asking price

Property Summary

Bedrooms 1
Bathrooms 1
Year Built 1927
Ownership Co-op
Maintenance $4,748/mo
Neighborhood Midtown East
Floor 4 of 21

Description

EXCELLENT INVESTMENT PROPERTY with nightly rent $400 - $580 and monthly rent at around $13,000. Huge One Bedroom in Legendary Hotel Oversized one bedroom in famed Lombardy Hotel features exceptionally proportioned rooms, high beamed ceilings, renovated bath, three closets including a walk in and south exposure through large windows. 401 can be included in the Lombardy hotel rental pool which provides a unique investment opportunity where owners can generate income when not residing in the apartment. A hotel executive screens rental clients to arrange daily, weekly or longer term stays. Corporate, Trusts and foreign purchasers are welcome. The Historic Lombardy was built in 1927 and developed by William Randolph Hearst. Amenities include doorman, concierge, fitness center, American Cut Restaurant, Ninth Street Espresso, a beauty salon, valet/dry cleaning services, spa, daily maid service, valet parking and a business center. There is a 2% flip tax and a current assessment for $783.75 per month.

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Year Built 1927

Similar Active Listings in Midtown East

View All
RLS at REBNY

Listing courtesy of Michele Kleier at Kleier Residential Inc. 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. This 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.

Active Listings Contact Milton
WhatsApp Email