111 E 56th St # 1403, New York, NY 10022

Studio1 bath550 sqft

For Sale
$675,000
Zestimate®: $541,070
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My Notes

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Rarely available! Enjoy a brand new, high end renovation on this large, income-producing studio at the Lombardy Hotel. This south facing apartment has three windows with open views and plenty of light. Sells fully furnished. The Lombardy offers an unrestricted rental program where owners have ability to choose unlimited personal usage or a full time income stream from the hotel rental pool. Full hotel services include twice daily maid service, bell man and concierge services, fitness center, business center, Nicos Beauty Salon and valet parking. Dine at Harlow, the new Richie Notar (Nobu) hotel restaurant and Ninth Street Espresso bar. Corporate ownership, trusts, and foreign purchasers are welcome. Owner/Broker

Facts

  • Cooperative
  • Built in 1927
  • 420 days on Zillow
  • Views: 931 all time views
  • 7 shoppers saved this home
  • Last sold: Oct 2013 for $500,000
  • Last sale price/sqft: $909
  • MLS #: 1297760

Features

  • Doorman
  • Elevator
  • Furnished
  • Pool

    Construction

    • Room count: 2
    • Unit count: 162

    Other

    • Floor size: 550 sqft
    • Parcel #: 13110005001110000001403
    • Zillow Home ID: 81776195

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $541,070
    +$7,767 Last 30 days
    $395K
    $714K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $2,750/mo
    -$7 Last 30 days
    $2.2K
    $3.4K
    Zestimate range
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    $XXX,XXX
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    Comparable Homes

    Homes like this sold for $528-590K.

    $460K
    $660K

    Popularity on Zillow

    904 views since listing
    931 all-time (chart)
    7 shoppers saved
    this home to their list of favorites

    Mortgages

    Neighborhood

    Market guide

    Zillow predicts New York home values will rise 2% next year, compared to a 0.8% rise for New York Metro as a whole. Among New York homes, this home is 31.5% more expensive than the midpoint (median) home, and is priced 207.5% more per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In New York, the number of foreclosures waiting to be sold is 55.6% lower than in New York Metro, and 92.4% less than the national average. This lower local number could help New York home values rise more quickly than other regions in New York Metro.

    Learn more about forecast calculations or New York home values.
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      For Sale

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      Rentals

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      Other Units in this Building (93)ZestimateBedsBathsSqft
      # 405$1.66M11900
      # 204$2.17M------
      # 208$2.17M------
      # 211$2.17M------
      # 307$2.17M------
      # 309$2.17M------
      # 401$2.17M------
      # 408$2.17M------
      # 415$2.17M------
      # 500$2.03M12--
      # 502$2.17M------
      # 507$2.17M------
      # 511$2.17M------
      # 512$2.17M------
      # 608$2.17M------
      # 611$991K11--
      # 700$2.17M------
      # 702$2.17M------
      # 706$2.17M------
      # 801$2.17M------

      Nearby Schools in New York

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org