---
title: "111 East 56th Street #1206, New York City, NY 10022"
description: "111 East 56th Street #1206, New York City, NY 10022 — Midtown East, New York City, NY. Listing Price $695,000. 1 bed, 1 bath Illustrative Buyer Commission Share of $10,425 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-1206-ny-10022"
source: "Real Estate Rebate Team"
status: "Active"
---

# 111 East 56th Street #1206, New York City, NY 10022

Midtown East, New York City, NY

Courtesy of Douglas Elliman Real Estate

## At a Glance

- **Listing Price**: $695,000
- **Beds**: 1
- **Baths**: 1
- **Common Charges**: $5,638 / 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**: $695,000
- **Illustrative Buyer Commission Share**: -$10,425*
- **Illustrative Net Cost**: $684,575

*Illustrative Buyer Savings of $10,425 — 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 (8)

![111 East 56th Street #1206, New York City, NY 10022 — photo 1 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5bd09655-c71c-48c9-939a-0e7417b7833a.jpg)
![111 East 56th Street #1206, New York City, NY 10022 — photo 2 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5660b06a-939d-4e4c-936c-7aafef03194a.jpg)
![111 East 56th Street #1206, New York City, NY 10022 — photo 3 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1a51e132-ed68-4b07-adfc-9ba2e87d9268.jpg)
![111 East 56th Street #1206, New York City, NY 10022 — photo 4 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2052ec70-b7f3-46bf-802f-43cb333d6625.jpg)
![111 East 56th Street #1206, New York City, NY 10022 — photo 5 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b04600be-d0b7-4258-878b-3504c25f5e52.jpg)
![111 East 56th Street #1206, New York City, NY 10022 — photo 6 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/be557989-4076-4d39-b305-7960a956d0ae.jpg)
![111 East 56th Street #1206, New York City, NY 10022 — photo 7 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7d02194c-416a-4380-a3a0-88ef7651b697.jpg)
![111 East 56th Street #1206, New York City, NY 10022 — photo 8 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/27e09893-2b55-4d57-9d3a-4e64d1ffc578.jpg)

## Property Overview

Luxurious 1 bed, 2 bath Suite with Private Terrace.

 Ideally located where Midtown meets the Upper East Side, this one bedroom suite at the legendary Lombardy Hotel is the perfect full-time or part-time residence right in the heart of Manhattan. Beautifully renovated, the apartment has many modern enhancements while maintaining its prewar detail and charm. Upon entering, there is an open efficiency kitchen leading right into the spacious living room with dining area. A large window and glass door overlook the terrace and allowing natural north light into the space. The bedroom has a generous size and has 2 large closets, built-in drawers, and 2 windows also overlooking the terrace. Both baths are roomy and beautifully appointed. The living room and bedroom each have their own television. Bedroom has an owners' locked closet.

 Apartment 1206 qualifies for the hotel program and has a long, successful track record generating income for the owner. Each apartment is individually owned and decorated and can opt into the hotel program.

 The Lombardy Hotel, was built for William Randolph Hearst in 1926. It has been home to many famous residents throughout its legendary history. If you are seeking the finest location near top restaurants, theaters, unmatched shopping opportunities, and everything New York has to offer, this is the place to be.

 Services at the Lombardy are unmatched and include a doorman, fitness center, beauty salon and business center. Foreign, Corporate, Trust and Pied-a-Terre purchases are welcome. Pets allowed. 50% financing permitted. Electricity, gas and operational services are included in maintenance.

## Property Details

- **Property Type**: Co-op
- **Beds**: 1
- **Baths**: 1
- **Rooms**: 3
- **Stories**: 22
- **Year Built**: 1927
- **Common Charges**: $5,638 / Monthly
- **Listed On**: Jul 30, 2026
- **Days on Market**: 42 Days

### Residence Features

- Private Outdoor Space Over 60 Sqft
- City
- Panoramic

## Sales Evidence

### 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 $695,000, $127,500 above 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.

## Estimated Monthly Payment

**$9,152 / month**, assuming a 20% down payment ($139,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $3,514
- **Common Charges**: $5,638

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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## Related Links

- [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.