710 Park Avenue, Apt 16-AB
710 Park offers concierge service, doorman, fitness center, private garden and central laundry. Pied-a-Terre and pets are permitted. 50% financing and 2% flip tax payable by the buyer.
RE SALESPERSON - Compass
0.13 miles away
0.13 miles away
0.14 miles away
0.15 miles away
Are you planning on getting a mortgage for this Lenox Hill 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 $5,450,000 three-bedroom home that will end up coming to $272,500.
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 $122,625 if you purchase this Co-op at 710 Park Avenue, Apt 16-AB.
Are you interested in purchasing 710 Park Avenue, Apt 16-AB and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $109,000.
Located at 710 Park Avenue, Apt 16-AB, in Lenox Hill, this three-bedroom home is listed by Marcy Sigler, a real estate agent with Compass. If you have questions about this co-op listing you can contact Marcy at +19176485513.