111 E 56th St, New York NY 10022

1 ba | 500 sqft | Coop
$495,000
Price reduced by $55,000
FEATURED LISTING
Description provided by Trulia.
Description provided by Realty Trac.
CONTRACT SIGNED ATTENTION INVESTORS! MAJOR REDUCTION--NOW 495K, INCLUDING FURNISHINGS! NOT THE USUAL STUDIO. There are great advantages to having a pied-a-terre apt. in NYC that not only pays for itself, but actually creates positive cash flow. Drop into Manhattan in the lap of luxury at the fabulous Lombardy Hotel built by William Randolph Hearst in 1927 on East 56th between Park and Lex. The price includes stunning old world decor and fine furnishings by prominent interior designer Robert Denning + new A/C and windows. The shareholder has the option of having the apartment in the hotel rental pool, thus creating the distinct possibility of a positive cash flow after paying the maintenance. Twice daily maid service is included. Be pampered while you are here and know that the guests using… Show more your gorgeous apartment while you are not are being well taken care of and most certainly will be back. Please check www.lombardyhotel.com for building and lobby views and more information.
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Home facts for 111 E 56th St

Listing Details

Status For Sale
Listing Type Resale
MLS/Source ID 132326
Price/sqft $990
Total views
(as of 11/6/09)
6

 

Baths 1
Year built 1929
Days on Trulia 144
ZIP code 10022
Neighborhood Midtown Center
Price History
Date Event Price Source
07/29/2009 Price change $495,000 halstead.com
06/16/2009 Price change $550,000 halstead.com

Contact info

Bonnie Brown James Harp
Provided by: halstead.com
Broker:
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Additional information about 111 E 56th St

This property
$495,000
Similar homes for sale
$456,667
Recently sold homes
$533,667
111 East 56th Street, New York NY
111 E 56th St, New York NY
$495,000
   1 ba   500 sqft
Coop
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This home
Listing price: $495,000
 
Compared to similar homes
Avg. listing price: $456,667 +8%
Avg. sales price: $533,667 -7%
Avg. price/sqft: $664 +49%
 
Compared to Midtown Center
Avg. listing price: $2,337,901 -79%
Avg. sales price: $3,033,219 -84%
Avg. price/sqft: $1,815 -45%
Comparisons are relative to similar homes on Trulia and are intended as a guide only. Home values are affected by many factors—find out more
Resource Center
This Coop located at 111 E 56th St, New York NY, 10022 is currently for sale and has been listed on Trulia for 144 days. This property is listed by halstead.com for $495,000. 111 E 56th St has has 1 bath and approximately 500 square feet. The property was built in 1929. 111 E 56th St is in the Midtown Center neighborhood in New York and in ZIP Code 10022. The list price of $495,000 is 79% lower than the average list price of $2,337,901 for Midtown Center real estate, 75% lower than the average list price of $2,007,146 for 10022 real estate, and 75% lower than the average list price of $1,977,428 for New York, NY real estate. The price for this property is 84% lower than the average sales price of $3,033,219 for Midtown Center, 77% lower than the average sales price of $2,167,943 for 10022, and 71% lower than the average sales price of $1,716,733 for New York. The price per square foot for this property is $990, which is 45% lower than the average of $1,815 for Midtown Center, 55% lower than the average of $2,223 for 10022 and 15% lower than the average of $1,167 for New York.
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