--- title: "111 East 56th Street #409, New York City, NY 10022" description: "111 East 56th Street #409, New York City, NY 10022 — Midtown East, New York City, NY. Listing Price $300,000. 1 bed, 1 bath, 600 sqft Illustrative Buyer Commission Share of $4,500 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/111-east-56th-street-409-ny-10022" source: "Real Estate Rebate Team" status: "Active" --- # 111 East 56th Street #409, New York City, NY 10022 Midtown East, New York City, NY Courtesy of Stephen P Wald Real Estate Associates Inc ## At a Glance - **Listing Price**: $300,000 - **Beds**: 1 - **Baths**: 1 - **Sqft**: 600 - **Common Charges**: $2,607 / mo - **Price per Sqft**: $500 - **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**: $300,000 - **Illustrative Buyer Commission Share**: -$4,500* - **Illustrative Net Cost**: $295,500 *Illustrative Buyer Savings of $4,500 — 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 (10) ![111 East 56th Street #409, New York City, NY 10022 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6a31415e-62a9-4def-bb91-134e22c1c9b0.jpg) ![111 East 56th Street #409, New York City, NY 10022 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3d84d20e-8360-4b3a-b059-b999fa769256.jpg) ![111 East 56th Street #409, New York City, NY 10022 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/32190ced-aaab-4261-bc61-cfa047940979.jpg) ![111 East 56th Street #409, New York City, NY 10022 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7ff3bf46-c4f4-43a6-a845-09f56cdd28b6.jpg) ![111 East 56th Street #409, New York City, NY 10022 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ae180856-da3a-464d-bd65-7bd0ffe9d0a8.jpg) ![111 East 56th Street #409, New York City, NY 10022 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/91101a97-8f7b-41ae-a4c5-5b1fc9f3f07e.jpg) ![111 East 56th Street #409, New York City, NY 10022 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2c9c2809-d40b-428f-8c56-3d8773266a84.jpg) ![111 East 56th Street #409, New York City, NY 10022 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6fef98ab-7eb1-43c0-96b2-eb1d4fc60a20.jpg) ![111 East 56th Street #409, New York City, NY 10022 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a76e8763-704a-4720-b302-e257d07dad56.jpg) ![111 East 56th Street #409, New York City, NY 10022 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ab764042-5fd6-4fec-90b8-0a7d15df5a8f.jpg) ## Property Overview We are pleased to represent a lovely, oversized Junior One Bedroom apartments at The Lombardy Hotel. This hotel apartment has a gracious living area and potentially a large separate sleeping area. This is an investment opportunity with low monthly fees. Live the life of luxury when you’re in town and earn premium rental income while you’re away. We are the on-site broker at the Lombardy Hotel, one of New York City’s most exclusive addresses. Built in 1926 by William Randolph Hearst, The Lombardy Hotel has been home to legends such as Elizabeth Taylor & Richard Burton, Richard Rodgers & Dorothy Belle Feiner. It offers an unparalleled pre-war elegance and boutique appeal. Over-sized studios, one, two, three & four bedroom suites are available for purchase. Full hotel services include housekeeping service, bell man and concierge services, fitness center, business center, Nico’s Beauty Salon. On site Reserve Cut hotel restaurant. The Lombardy Hotel is situated in the heart of the Mid-Town East, close to fine dining, shopping and art galleries and the Theatre District. The owner’s rental program is the best in New York. Corporate, trusts and foreign purchasers are welcome. EXCELLENT OPPORTUNITY! ## Property Details - **Property Type**: Co-op - **Beds**: 1 - **Baths**: 1 - **Rooms**: 2 - **Sqft**: 600 sqft - **Stories**: 22 - **Year Built**: 1927 - **Price per Sqft**: $500 - **Common Charges**: $2,607.39 / Monthly - **Listed On**: Jan 22, 2026 - **Days on Market**: 233 Days ### Residence Features - Building Washer Dryer Install Allowed ## 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 $300,000, $267,500 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) ## 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 8 active listings. - **Year Built**: 1927 - **Total Units**: 8 - **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 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [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 | | [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 | | [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 | | [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 | | [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 | 190 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 **$4,124 / month**, assuming a 20% down payment ($60,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $1,517 - **Common Charges**: $2,607 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) ### 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.