--- title: "111 East 56th Street #1005, New York City, NY 10022" description: "111 East 56th Street #1005, New York City, NY 10022 — Midtown East, New York City, NY. Listing Price $499,000. Price Reduced: Reduced $150,000 (23.1%) from $649,000 on February 18, 2026. 2 bed, 2 bath Illustrative Buyer Commission Share of $7,485 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-1005-ny-10022" source: "Real Estate Rebate Team" status: "Active" --- # 111 East 56th Street #1005, New York City, NY 10022 Midtown East, New York City, NY Courtesy of Compass ## At a Glance - **Listing Price**: $499,000 - **Price Reduced**: Reduced $150,000 (23.1%) from $649,000 on February 18, 2026 - **Beds**: 2 - **Baths**: 2 - **Common Charges**: $9,281 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $499,000 - **Illustrative Buyer Commission Share**: -$7,485* - **Illustrative Net Cost**: $491,515 *Illustrative Buyer Savings of $7,485 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (9) ![111 East 56th Street #1005, New York City, NY 10022 — photo 1 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6fdf0120-d093-4426-85ee-138212299f54.png) ![111 East 56th Street #1005, New York City, NY 10022 — photo 2 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/22287e90-5475-4eaa-ba2e-390c272f12e7.jpg) ![111 East 56th Street #1005, New York City, NY 10022 — photo 3 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5ebb88cc-5ca7-45cf-b712-b815e729f516.jpg) ![111 East 56th Street #1005, New York City, NY 10022 — photo 4 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/949a0ce1-a0bb-433d-bb93-793f8c52e07b.jpg) ![111 East 56th Street #1005, New York City, NY 10022 — photo 5 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/81728f84-8d39-4efa-a20f-949fb2b5c834.png) ![111 East 56th Street #1005, New York City, NY 10022 — photo 6 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8af895be-0406-4dfc-a2b9-4012b12dfd85.jpg) ![111 East 56th Street #1005, New York City, NY 10022 — photo 7 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4f4b79e5-579f-40bb-857e-25df38cc406f.jpg) ![111 East 56th Street #1005, New York City, NY 10022 — photo 8 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/422e7882-425a-4c99-a74f-2c51b4b5f626.jpg) ![111 East 56th Street #1005, New York City, NY 10022 — photo 9 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2cd399ab-ff53-410e-a7ea-86a8c59e7260.jpg) ## Property Overview Live or Invest: Rare 2BR at The Lombardy Hotel with Luxury Services Welcome to apartment 1005 at The Lombardy Hotel. This is a rare southern facing two bedroom, two bathroom apartment. There is a spacious eat in kitchen, a bonus dressing room or home office (with plumbing intact) along with a truly usable terrace with seating for at least three! The apartment has a washer/dryer and multiple walk-in closets. This is either an Investors Dream (there is permissible Daily, Weekly and Monthly short term rentals) or you make this your own personal residence, and live in luxury with all Hotel Services, including a Doorman, Bell Man, Front Desk, Fitness Center, Business Center, Nico’s Beauty Salon and valet parking. Housekeeping is available for an extra fee. The Lombardy Hotel is situated in the heart of Manhattan, steps from the to the best dining, shopping, art galleries and Theatres. Maintenance includes utilities. ## Property Details - **Property Type**: Co-op - **Beds**: 2 - **Baths**: 2 - **Rooms**: 5 - **Stories**: 22 - **Year Built**: 1927 - **Common Charges**: $9,281.12 / Monthly - **Listed On**: Mar 4, 2025 - **Days on Market**: 579 Days ### Residence Features - Building Washer Dryer Install Allowed - Valet - Private Outdoor Space Over 60 Sqft ### Building Amenities - Valet ## Estimated Monthly Payment **$11,804 / month**, assuming a 20% down payment ($99,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,523 - **Common Charges**: $9,281 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 2 apartments at 111 East 56th Street have recorded sales since October 2021, the most recent for $545,000 in June 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Sold Price | Sold | Source | | --- | --- | --- | --- | | 1601 (Apartment) | $545,000 | June 8, 2026 | City record | | 708 (Apartment) | $550,000 | October 31, 2024 | City record | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares - **This home**: $499,000 - **Median sold price**: $1,175,000 - **Difference**: -$676,000 (-57.5%) - **Comparable sales**: 31 - **Sales from**: November 2024 – May 2026 - **Middle half of those sales**: $870,000 – $1,391,000 Based on co-op two-bedroom sales in Midtown East. Square footage is recorded for only 9 of these 31 sales (29%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Midtown East instead. ### How these sales were negotiated - **Sale-to-list price**: 98% (30 sales) - **Sold below asking**: 57% (30 sales) - **Typical time to find a buyer**: 50 days (29 sales) - **Typical time to close**: 90 days (30 sales) Based on co-op two-bedroom sales in Midtown East with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. ### Price trend Median sale price, co-op two-bedroom sales in Midtown East | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $1,108,500 | 18 | | 2018 | $970,000 | 15 | | 2019 | $1,167,500 | 12 | | 2020 | $1,111,250 | 10 | | 2021 | $995,000 | 21 | | 2022 | $1,230,000 | 17 | | 2023 | $1,100,000 | 12 | | 2024 | $1,088,750 | 12 | | 2025 | $1,172,500 | 18 | | 2026 YTD | $1,250,000 | 13 | Based on recorded co-op two-bedroom sales in Midtown East. 2026 is year-to-date. Sales data through June 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 111 East 56th Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/111-east-56th-street) ## Price and Property History for 111 East 56th Street, Unit 1005 Review the recorded listing activity for 111 East 56th Street, Unit 1005, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $150,000, or 23.1%, on February 18, 2026 - **Originally listed**: February 10, 2025 at $950,000 - **Current asking price**: $499,000 | Date | Price | Listing event | | --- | --- | --- | | August 11, 2026 | $499,000 | Returned to the market | | February 18, 2026 | $499,000 | Asking price reduced by $150,000, or 23.1% | | February 10, 2025 | $950,000 | Listed for sale by Compass | ## Property Taxes This apartment is part of a co-op that is taxed as one lot. The corporation’s 2026 property tax bill was $2,119,214 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 111 East 56th Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/111-east-56th-street) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 111 East 56th Street Midtown East · Stock Cooperative 111 East 56th Street, New York, NY 10022 A building in Midtown East, currently featuring 7 active listings. - **Year Built**: 1927 - **Active Units**: 7 - **Floors**: 22 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/111-east-56th-street) ### Available Residences — For Sale (8) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [1005](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-1005-ny-10022) | 2 | 2 | — | — | $499,000 (-23.1%) | Compass | Mar 4, 2025 | 578 days | | [1102/03](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-110203-ny-10022) | 2 | 2 | 1,332 sqft | $668 | $890,000 | ALTA Real Estate | Aug 19, 2025 | 410 days | | [1108](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-1108-ny-10022) | 1 | 1 | — | — | $850,000 (+54.5%) | Compass | Oct 24, 2025 | 344 days | | [712](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-712-ny-10022) | Studio | 1 | 634 sqft | $473 | $300,000 | Stephen P Wald Real Estate Associates Inc | Jan 15, 2026 | 261 days | | [409](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-409-ny-10022) | 1 | 1 | 600 sqft | $500 | $300,000 | Stephen P Wald Real Estate Associates Inc | Jan 22, 2026 | 254 days | | [907](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-907-ny-10022) | 1 | 1 | 500 sqft | $700 | $350,000 | Stephen P Wald Real Estate Associates Inc | Mar 6, 2026 | 211 days | | [300](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-300-ny-10022) | 2 | 2 | 1,650 sqft | $300 | $495,000 | Stephen P Wald Real Estate Associates Inc | Sep 18, 2026 | 15 days | | [708](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-708-ny-10022) | 1 | 2 | — | — | $485,000 (-11.8%) — In contract | Corcoran Group | Sep 19, 2025 | 379 days | ## Midtown East Overview of Midtown East [Explore Midtown East](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-midtown) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Midtown East - [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill) - [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district) - [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) - [Hells Kitchen real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hells-kitchen) - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea) ## Related Links - [111 East 56th Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/111-east-56th-street) - [Midtown East neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-midtown) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.