RE SALESPERSON - Loho Realty Inc.
475 Fdr Dr, Lower East Side, New York, NY 10002
Norfolk St & Delancey St At Ne Corner
0.6 miles away
Norfolk St & Delancey St At Nw Corner
0.63 miles away
Essex St & Delancey St At Se Corner
0.64 miles away
116 Delancey Street
0.65 miles away
475 Fdr Dr, Apt L405/L406, New York, NY 10002 Affordability
Are you planning on getting a mortgage for this Lower East Side Co-op apartment? Most co-ops require a minimum down payment of 20%, but some might even require you to put down 50% of the purchase price of more. If you’re putting 20% down on this $2,150,000 four-bedroom home that will end up coming to $107,500.
Closing costs are notoriously high in NYC, but at least you’ll avoid the dreaded mortgage recording tax which doesn’t apply to apartments in cooperative buildings. Coop closing costs are significantly lower due to this.
You’ll also be on the hook for the new progressive New York City mansion tax, which applies to every NYC property that sells for $1 million or more. Rates start at 1% for $1-1.99 Million properties and go up 3.9% for properties priced above $25 Million. You can expect to pay a mansion tax of $26,875 if you purchase this Co-op at 475 Fdr Dr, Apt L405/L406.
Are you interested in purchasing 475 Fdr Dr, Apt L405/L406 and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $43,000.
Located at 475 Fdr Dr, Apt L405/L406, in Lower East Side, this 2050 sqft four-bedroom home is listed by Jacob Goldman, a real estate agent with Loho Realty Inc.. If you have questions about this co-op listing you can contact Jacob at +19177965445.