111 East 56th Street, Apt 1001

New York, NY



Asking Price:
$995,000

 

mt: $4,738
Flip Tax: Paid by Seller

2 rooms
1 bedrooms
1 full bath

INT: 900 sq.ft.
Ext: 174 Sq.Ft.

 

WEB # 00110440

Great opportunity to own a bright Large One Bedroom, one bathroom income producing hotel Suite with South facing balcony, as an investment, pied-a-terre or permanent residence.

Built in 1926 and developed by William Randolph Hearst , the Lombardy Hotel is an elegant prewar building set in an ideal location in midtown. Located on 56th Street between Park and Lexington Avenues, the Lombardy’s chief distinguishing characteristic is that while it is a co-op, it has an open rental and owner usage program for a flexible and unrestricted amount of time. One can choose to participate in the hotel program and each suite is individually owned and decorated, making it a unique investment property. Full hotel services include twice daily maid service, bell man and concierge services.

The elegant lobby was renovated in 2012 and amenities include: a 5-star restaurant - Harlow opened by Ritchie Notar (of Nobu), Ninth Street Espresso, a beauty salon, spa, valet/dry cleaning services, a seamstress, gym and a business center.

50% financing permitted. 2% transfer fee paid by seller. 
Corporate ownership, trusts and foreign buyers are welcome. Pets allowed . 
Electricity and gas are included in maintenance.