111 East 56TH Street #708, New York City, NY 10022
Listing Courtesy of Corcoran Group
$485,000
Potential Rebate: $7,275
Overview
<br> New year, New price! Just reduced to $485,000-No flip tax and the current assessment will be paid by seller.<br> <br> Opportunity Knocks! Best condition and price at The Lombardy.<br> <br> 3.5 RM PIED-A-TERRE/RESIDENCE/INVESTMENT<br> <br> 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.<br> <br> 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.<br> The Lombardy offers the following:<br> <br> 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.
Estimated Monthly Payment
$7,423 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$7,275
Monthly savings impact
$20/mo
Effective Purchase Price
$477,725
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
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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.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20049925
RLS at REBNY
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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.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20049925
RLS at REBNY
Price Analysis
Compare average listing prices and value metrics for The Lombardy against the surrounding East Midtown market.
Average List Price
Price Per SqFt
72.26% Lower
than the East Midtown price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
