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$616,250
List Price: $625,000
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111 East 56th Street #1601
Coop in Midtown •  building info
1bd • 1ba • 800ft² $781 per ft²
Buy with Yoreevo

$616,250

List Price

$625,000

Key Details
Days on market
44
Last price change
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Estimated payment
$6,743/mo
Taxes
Included in maintenance fees
Maintenance
$4,768/mo
Description
Wonderful Opportunity to Own a High Floor, South Facing One Bedroom at The Lombardy. This spacious and bright one bedroom home is perfect for a primary residence, pied a terre, or investment property. 1601 features an oversized south facing living room with custom built-in storage and space for a large dining area. The bedroom also benefits from the sunny south-facing exposure and has a walk in closet and renovated ensuite bathroom. The famed Lombardy is a full-service pre-war cooperative in a prime midtown location on 56th between Park and Lexington. It is an exceptionally unique cooperative as it features a hotel program which permits unlimited short-term rentals that are managed by the building. Apartment 1601 qualifies for the hotel program and has a long, successful track record generating income for the owner. Each apartment is individually owned and decorated, and can opt into the hotel program if the condition of the unit meets the required standards. Please inquire directly to discuss and review 1601's exceptional rental track record. Utilities are included in the monthly maintenance. The Lombardy was built in 1926 by William Randolph Hearst. Residents benefit from the building's lovely staff with 24 hour doorman, concierge desk, maid service / housekeeping, a fitness center, and a business center. 50% financing permitted. Corporate Ownership Permitted.

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Important Stuff
Elevator
Full Time Doorman
Cats and Dogs allowed
Policies
Pied-a-Terre Allowed
Unit features
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City

Building amenities
Services and facilities
Concierge
Fios Available
Laundry in Building
Live In Super
Wellness and recreation
Gym
Media Room
Building info

History
What it'll cost
Purchase price
$625,000
Asking Price: $625,000
Term
30 Years
Down Payment
$312,000 (50%)
Min: 50% (312,000)
Rate
6.5 %
Mortgage Amount
$312,500
Mortgage Payment
$1,975
Maintenance
$4,768
Estimated Yoreevo rebate
$8,750
Estimated closing cost
$7,000
Total monthly cost $6,743
Buy your dream home with us and get an estimated $8,750 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Corcoran Group

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