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111 East 56th St. 211, New York, NY 10022

$2,250,000
Active Listing
Listing Details:
$2,250,000 Price
Co-op Property Type
Midtown Central Neighborhood
2 Beds
2.5 Baths
2,400 Approx. Sq. Ft.
$4,212 Maint/CC
Key Features:
Doorman
Prewar
Gym
Elevator
Allows Pets
Description:

Located on the second floor of the historic, 22-story Lombardy Hotel, Unit 211 is a combined space measuring approximately +/- 2400SF. Gut-renovated to a high standard in 2010, the premises are in turnkey condition. It is currently configured as a reception area, two large executive offices with crown moldings and private baths, guest office, conference room, a large open office area, file/copy room, a powder room, and kitchenette. All major rooms face south onto East 56th Street, with wide, atmospheric street views. There are two entrances to the unit and a convenient third egress that accesses the freight elevator.

The space is suitable for investment, as the luxury accommodation program at the Lombardy allows shareholders to sublease both for the long- and short-term, as well as allowing exclusive use by owner. If desired, Unit 211 can be reconfigured into smaller offices or residential apartments.

Built around 1926 by William Randolph Hearst for his mistress, Brooklyn–born actress and philanthropist Marion Davies, the Lombardy Hotel occupies a prime Plaza District location in the heart of Midtown East, on the north side of East 56th Street between Park and Lexington Avenues. It was converted to a Hotel Cooperative in 1955, and retains an understated, residential ambience, with a high level of personalized hotel services. In-house amenities include a barber and salon, coffee shop, dining, package delivery, and a fitness center. There is a 24-hour doorman and concierge services.

This superb location has skyrocketed in desirability with the arrival of new buildings such as the hotly-anticipated 425 Park Avenue, a $1 billion, 47-story tower designed by Foster + Partners. Located directly across the street from the Lombardy, 425 Park is the first full-block project in nearly 50 years, and tenants will include $30 billion hedge fund Citadel on its top floors and a new restaurant by the creators of Eleven Madison Park. Also in the neighborhood is the fabulous 432 Park Avenue, and practicalities such as Whole Foods.

The Lombardy is steps away from all major public transportation at 59th and Lexington. A short walk from Grand Central Station. Convenient to cross town. Special assessment of $675 per month, ending 12/31/20. 50% financing allowed. 2% flip tax. Foreign and Corporate buyers are welcomed. Pet friendly, too!

Listing courtesy of Sotheby's International Realty, Inc.

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