111 W 56TH ST Unit 1406 NEW YORK, NY 10022

Iconic Living & Intelligent Investing at The Lombardy Experience a rare fusion of heritage charm and modern financial strategy in this nearly 1,500-square-foot offering at The Lombardy. Thoughtfully reconfigured into two independent luxury suites, this property provides the unique flexibility... to serve as a private residence, a high-yield investment, or both. The Residences Both suites have been meticulously renovated with high-end finishes, including elegant wide-plank oak flooring, recessed lighting, and abundant storage. Each features a spa-inspired five-piece bathroom equipped with a double vanity and a walk-in shower. Suite 1406: A sprawling one-bedroom retreat. Four oversized windows flood the space with natural light, while a designated dining area and well-appointed kitchenette make it an ideal setting for entertaining. Suite 1415: A lavish studio layout that maintains the same high standard of luxury, offering a sun-drenched sanctuary with two large windows and sophisticated amenities. The Opportunity From a financial perspective, this property is designed for performance. With projected nightly rates of $443 for the one-bedroom and $343 for the studio, the units offer an impressive net revenue to the shareholder ranging from 49% to 62%. Ownership is effortless; whether you choose to reside in one suite or rent both, The Lombardy's renowned hotel pool manages all rental logistics on your behalf. The Neighborhood Located on East 56th Street, you are positioned in the heart of Manhattan's luxury corridor. Moments from Central Park and surrounded by icons like the Waldorf Astoria and Mandarin Oriental, this is the epitome of New York City living. Viewing Information Weekday open house times are placeholders only. All showings are by appointment and can be easily scheduled throughout the day. Reach out today to secure your place in one of the city's most storied buildings.   Continue reading