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Sophisticated Living at The Lombardy
Unit 1107 - 111 East 56th Street 1 BD 1 BA $400, 000
Best priced One Bedroom
Residence 1107 at The Lombardy is an exceptional, oversized one-bedroom home offering scale, serenity, and sophistication. Perfectly positioned for those seeking a full-time Manhattan residence, investment property, or a refined pied-à-terre, this apartment stands as the best-priced one-bedroom currently available in the building.
A gracious entry leads into an expansive north-facing living and dining area featuring 10-foot ceilings and generous proportions. The home includes a well-appointed kitchen with ample cabinetry, plentiful closet space, and a large bedroom suite with an en-suite marble bath featuring a stall shower and elegant, high-end fixtures.
Live the life of luxury when you're in town and earn premium rental income while you're away. With some updates, the apartment can be placed in the lucrative hotel rental pool, providing an excellent opportunity to generate income while enjoying the benefits of hotel-style living.
Built in 1926 by William Randolph Hearst, The Lombardy is a distinguished prewar landmark that has served as the New York home to legends like Richard Burton and Elizabeth Taylor. Located on a tranquil, leafy side street in the heart of the "East 50s, " the building offers a white-glove lifestyle just two blocks from Central Park. Comprehensive amenities include a 24-hour doorman and front desk, concierge, valet, fitness center, business center, and an on-site beauty salon.
Residents also benefit from laundry services, and while utilities are included in the maintenance, daily maid service and housekeeping are available at an additional cost. The building is pet-friendly, welcomes pied-à-terre ownership, and is situated moments from MoMA, Fifth Avenue shopping, and Manhattan's finest dining.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $320,000 | $320,000 | $320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,970 | $2,049 | $2,679 |
| Total Monthly Payment | $2,045 | $2,124 | $2,754 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.