RE SALESPERSON - Compass
Upper East Side
Manhattan, New York
Affordability and Closing Costs for 205 East 78th Street, Apt 14-J
205 East 78th Street is a one-bedroom Upper East Side Co-op that is selling for $1,499,000. Purchasing a NYC co-op can be a tricky proposition which can involve high closing costs and lots of money down. Generally speaking, you’ll be required to put down at least 20% or $74,950 for a property like this one. Luckily for you, Co-op closing costs are typically going to be quite a bit lower than those for condos, townhouses, or other types of real property.
As this apartment at 205 East 78th Street is priced at $1,499,000 you’ll also need to pay a mansion tax of $14,990 if you purchase this co-op. NYC recently introduced a new progressive mansion tax, which applies to all properties that sell above $1 million. For homes selling between $1 and 1.99 Million the rate is only 1%, but that goes up to 3.9% for properties that sell for more than $25 Million.
Are you interested in saving a boatload of money when you purchase 205 East 78th Street, Apt 14-J? You can save up to $29,980 with a 2% buyer broker commission rebate when you find your home on PropertyClub.
This one-bedroom co-op in Upper East Side is brought to you by Robert, a licensed salesperson with Compass. To schedule a private showing or to get more information on 205 East 78th Street, Apt 14-J you can reach Robert at +19148444940.