Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
111 E 56TH Street #708
Interested in this property?
Active For Sale Co-op

$485,000

111 E 56TH Street #708

Midtown East, Manhattan

The Lombardy

MLS® #RLS20049925

RLS at REBNY

Listing by Corcoran Group

1

Bedroom

1.5

Baths

N/A

Sq. Ft.

1927

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2 full, 1 half
Year Built 1927
Ownership Co-op
Maintenance $5,026/mo
Neighborhood Midtown East
Floor 22 of 22

Property Highlights

  • Views: Other
  • Character: Pre-war building (1927)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full, 1 Half
Floor 22 of 22
View Other
Pets Yes
Year Built 1927
Structure Type HighRise
Basement Other
Parcel # 1311-0005-00111-000-0000708
Block/Lot 01311/0005

Listing History

Event Date Price Change
Listed Sep 19, 2025 $549,900 -
Currently May 4, 2026 $485,000 -11.8%

Description


New opportunity New price! Just reduced to $485,000-No flip tax and the current assessment will be paid by seller.

Opportunity Knocks! Best condition and price at The Lombardy.

3.5 RM PIED-A-TERRE/RESIDENCE/INVESTMENT

Sophisticated, spacious 3 1/2 room (one bedroom, 1.5 baths) apartment in excellent condition. Apartment 708 is stylishly appointed with high end fixtures & finishes. The apartment features a large, well proportioned living room and bedroom with a marble bathroom and powder room and plentiful closet space.

The distinguished "Lombardy" has been the 2nd home to many prominent owners. Richard Rogers, Richard Burton & Elizabeth Taylor spent much of their NY time at the Lombardy. Built by William Randolph Hearst in 1926, the building is located on a leafy and tranquil side street in the sophisticated "East 50s", two blocks from Central Park, convenient to all transportation - and proximate to Manhattan's most fashionable shops, boutiques & restaurants.
The Lombardy offers the following:

24-hour front desk, restaurant, concierge, maid service/housekeeping (at an additional cost), fitness center, business center, meeting room, beauty salon, Pet-friendly policy, laundry service. Utilities are included in maintenance.

Features & Amenities

Interior Features

Building None

Exterior Features

None

Building Amenities

Spa Hot Tub

Building Information

Building The Lombardy
Building Data View Compliance & Permits
Total Units 162
Stories 22
Structure HighRise

Financial Details

Maintenance $5,026/mo
Original Price $549,900
Previous Price $549,900

Midtown East is a dynamic hub that is the gateway to Manhattan for many. Home to iconic landmarks like Grand Central Terminal and the Chrysler Building, the neighborhood offers unparalleled convenience for commuters and professionals. The residential landscape is a mix of high-rise luxury towers and historic side-street cooperatives, providing a wide array of options for those who want to be at the center of the city's energy.

Midtown East Live Market Data

View Neighborhood

Active Listings

232

Median Asking Price

$1.58M

Median $/Sqft

$1,607

Avg Days on Market

N/A

New This Week

5

Price Reduced

26%

Sold (30 Days)

12

Median Sale Price

$1.22M

Live data from RLS at REBNY • Updated 5/3/26, 10:47 PM EST

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Location

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111 E 56TH Street #708, Midtown East, New York County

Building Information

Official NYC property records for this building

1931
Year Built
95 years old
5
Floors
R6
Zoning District

Tax & Assessment

Assessed Value: $96,604,200
Land Value: $1,575,000
Exemptions: $96,604,200

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 140,000 SF
Building Area: 460,000 SF
Built FAR: 3.29
Allowed FAR: 2.43

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $5,026 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom and 1 half bathroom.

According to MLS records, the building was constructed in 1927, making it approximately 99 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20049925
First Listed: 9/19/2025
On Market: 9/19/2025
Price Changed: 1/9/2026
Contract Date: 9/19/2025

Listing Courtesy of Corcoran Group - Geri Grobman

Listing Contact: (917) 750-4441

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 2:47 AM UTC

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