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111 E 56th St
New York, NY 10022

The Lombardy · Hospitality Property For Sale · 200 Rooms

Executive Summary

Built around 1926 by William Randolph Hearst for his mistress, Brooklyn–born actress and philanthropist Marion Davies, the Lombardy Hotel occupies a prime Plaza District location in the heart of Midtown East, on the north side of East 56th Street between Park and Lexington Avenues. It was converted to a Hotel Cooperative in 1955, and retains an understated, residential ambiance, with a high level of personalized hotel services. In-house amenities include a barber and salon, coffee shop, dining, package delivery, and a fitness center. There is a 24-hour doorman and concierge services. This superb location has skyrocketed in desirability with the arrival of new buildings such as the hotly-anticipated 425 Park Avenue, a $1 billion, 47-story tower designed by Foster + Partners. Located directly across the street from the Lombardy, 425 Park is the first full-block project in nearly 50 years, and tenants will include $30 billion hedge fund Citadel on its top floors and a new restaurant by the creators of Eleven Madison Park. Also in the neighborhood is the fabulous 432 Park Avenue, and practicalities such as Whole Foods. The Lombardy is steps away from all major public transportation at 59th and Lexington. A short walk from Grand Central Station. Convenient to cross town. Special assessment of $675 per month, ending 12/31/20. 50% financing allowed. 2% flip tax. Foreign and Corporate buyers are welcomed. Pet friendly, too!

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class A
Lot Size 0.37 AC
Building Size 244,619 SF
No. Rooms 200
No. Stories 21
Year Built/Renovated 1926/2012
Corridor Interior
APN / Parcel ID 1311-0005

Amenities

  • Business Center
  • Fitness Center
  • Restaurant
  • High Speed Internet Access
  • On-Site Bar
  • Barber/Hair Salon/Beauty Shop
  • Meeting Event Space
  • Public Access Wifi
  • Fully-Equipped Kitchen
  • Multi-Room Suites

zoning

Zoning Code C5-2 (C5 - Central commercial district with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan reg)
C5-2 (C5 - Central commercial district with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan reg)
  • Listing ID: 18251809

  • Date on Market: 1/21/2020

  • Last Updated:

  • Address: 111 E 56th St, New York, NY 10022

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