111 East 56th Street #803/804

Two oversize, adjoining 1bedroom apartments (each presently in excellent condition; one with additional bathroom) to remain intact or easy combination to create a gracious, expansive 3 bedroom/3 bath apartment (5.5 / 6 rooms). The present apartments feature large, well proportioned rooms, commodious closet space, high ceilings, open south views from all rooms with wonderful natural light. The distinguished 'Lombardy' has been the 2nd home to many prominent American & foreign 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. The Lombardy includes the highly rated 'Harlow' restaurant (offering room service), a state of the art fitness center, business center, beauty salon, espresso bar; valet parking is available for residents. Maid service (twice daily) and utilities are included in maintenance. Importantly, the Lombardy is a unique investment opportunity -- owners who are infrequently in residence may rent their apartments daily, weekly, monthly (or longer) and receive income during the time they are away. A 'Lombardy' in-house executive vets rental clients and arrange for apartment rentals. For investment minded purchasers, the apartments' overall size and configuration, particularly with the extra bathroom in 803, provide an unique opportunity to divide the two existing apartments into four (4) separate studio apartments, significantly increasing income potential!! 2% flip tax paid by seller.