---
title: "111 East 56th Street #1108, New York City, NY 10022"
description: "111 East 56th Street #1108, New York City, NY 10022 — Midtown East, New York City, NY. Listing Price $550,000. 1 bed, 1 bath Illustrative Buyer Commission Share of $8,250 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-1108-ny-10022"
source: "Real Estate Rebate Team"
status: "Active"
---

# 111 East 56th Street #1108, New York City, NY 10022

Midtown East, New York City, NY

Courtesy of Compass

## At a Glance

- **Listing Price**: $550,000
- **Beds**: 1
- **Baths**: 1
- **Common Charges**: $6,024 / 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**: $550,000
- **Illustrative Buyer Commission Share**: -$8,250*
- **Illustrative Net Cost**: $541,750

*Illustrative Buyer Savings of $8,250 — 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 (5)

![111 East 56th Street #1108, New York City, NY 10022 — photo 1 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/018d512d-a196-43e0-b65c-0bf5511a2f65.jpg)
![111 East 56th Street #1108, New York City, NY 10022 — photo 2 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6bda00d7-d0c4-44c7-a5ba-fee1459cd0b8.jpg)
![111 East 56th Street #1108, New York City, NY 10022 — photo 3 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7336e27f-c5b7-4506-8f6f-ac95ecd4beb9.jpg)
![111 East 56th Street #1108, New York City, NY 10022 — photo 4 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cfe192cf-fb87-48ae-bc9f-14b1240c1fe4.jpg)
![111 East 56th Street #1108, New York City, NY 10022 — photo 5 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0e36e0ff-6969-4f22-9e24-e4ddc76e0b35.png)

## Property Overview

Short-Term Rental Friendly | Zero Vacancies | Prime Investment

Spacious, Sunlit One-Bedroom in a Premier Midtown Location

Flooded with natural light and defined by its high ceilings, Residence 1108 at 111 East 56th Street is an exceptional one-bedroom home offering scale, serenity, and sophistication in the heart of Midtown East.

A gracious entry leads into an expansive living and dining area, beautifully framed by oversized windows that capture light throughout the day. The high ceilings create an airy, while the generous proportions easily accommodate both living and entertaining.

The well-appointed kitchen is smartly designed for efficiency and style, complemented by ample cabinetry and counter space. The large bedroom offers excellent storage and a peaceful retreat from the city below.

Located between Park and Lexington Avenues, 111 East 56th Street is a full-service, white-glove cooperative with 24-hour doorman, concierge, elevator, laundry facilities, and on-site management. The building welcomes pied-à-terre ownership, making it ideal as a primary residence or a sophisticated city home.

Moments from Central Park, MoMA, Fifth Avenue shopping, and Midtown’s finest dining, Apartment 1108 pairs prewar charm with modern comfort — a rare combination in one of Manhattan’s most convenient and distinguished neighborhoods.

Flip Tax: 2% paid by the seller

## Property Details

- **Property Type**: Co-op
- **Beds**: 1
- **Baths**: 1
- **Rooms**: 2
- **Stories**: 21
- **Year Built**: 1927
- **Common Charges**: $6,023.69 / Monthly
- **Listed On**: Oct 24, 2025
- **Days on Market**: 324 Days

### Residence Features

- Building Washer Dryer Install Allowed
- Valet

### Building Amenities

- Valet

## Sales Evidence

### Recent closed sales

2 apartments at 111 East 56th Street have recorded sales since September 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

The median closed price for comparable co-op one-bedroom sales in Midtown East is $567,500, based on 36 sales between September 2024 and June 2026. This home is asking $550,000, $17,500 below that median. The middle half of those sales closed between $486,250 and $656,250.

- **Median closed price**: $567,500
- **Middle half**: $486,250 – $656,250
- **Based on**: 36 co-op one-bedroom sales in Midtown East
- **Period**: September 2024 – June 2026

Square footage is recorded for only 13 of these 36 sales (36%), 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.

Across the 29 of these sales with a published asking price, the median closed at 96.5% of what it originally asked. 83% of them closed below the original ask.

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

- **Sold vs original ask**: 96.5% of the original ask
- **Closed below ask**: 83% of 29 sales
- **Listed → in contract**: 108 days (about 15 weeks)
- **In contract → closed**: 84 days (about 12 weeks)

Across the 29 of these sales with a published asking price, the median closed at 96.5% of what it originally asked. 83% of them closed below the original ask.

Half of these homes were in contract within 108 days (about 15 weeks) of coming to market, based on the 31 with a recorded listing date.

Once a deal was agreed, closing took a further 84 days (about 12 weeks), based on the 31 with both dates recorded. A co-op board package and its interview account for much of that.

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.

Based on 36 co-op one-bedroom sales in Midtown East, September 2024 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median sold price for co-op one-bedroom sales in Midtown East, 2017 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth.

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2017 | $644,500 | 28 |
| 2018 | $615,000 | 21 |
| 2019 | $568,500 | 16 |
| 2020 | $594,500 | 18 |
| 2021 | $580,000 | 31 |
| 2022 | $598,000 | 43 |
| 2023 | $510,000 | 19 |
| 2024 | $572,500 | 24 |
| 2025 | $592,000 | 18 |
| 2026 | $615,000 | 13 |

This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Midtown East instead.

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 1108

Review the recorded listing activity for 111 East 56th Street, Unit 1108, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $250,000, or 31.3%, on January 15, 2026
- **Originally listed**: June 23, 2025 at $800,000
- **Current asking price**: $550,000

| Date | Price | Listing event |
| --- | --- | --- |
| August 12, 2026 | $550,000 | Listing removed from the market |
| January 15, 2026 | $550,000 | Asking price reduced by $250,000, or 31.3% |
| June 23, 2025 | $800,000 | 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
- **Total Units**: 7
- **Floors**: 21

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/111-east-56th-street)

### Available Residences — For Sale (7)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [1108](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-1108-ny-10022) | 1 | 1 | — | — | $550,000 (-31.3%) | Compass | Oct 24, 2025 | 323 days |
| [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 | 557 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 | 389 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 | 358 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 | 240 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 | 233 days |
| [1202](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-1202-ny-10022) | 1 | 1 | — | — | $499,000 | Douglas Elliman Real Estate | May 11, 2026 | 124 days |

## Estimated Monthly Payment

**$8,805 / month**, assuming a 20% down payment ($110,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $2,781
- **Common Charges**: $6,024

Estimates only. Actual payments may vary. Confirm terms with your lender.

## 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)

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- [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay)
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- [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.