RE SALESPERSON - The Corcoran Group
Manhattan, New York
Affordability and Closing Costs for 72 Reade Street, Apt 5S
Are you planning on getting a mortgage for this TriBeCa Condo? In Manhattan, New York, you’ll be expected to put up a down payment ranging from 10% to 20% of the purchase price. That means that if you’re putting 10% down you’ll need to put $425,000 down to purchase this four-bedroom Condo
Don’t forget that NYC closing costs are notoriously high. The biggest fee is generally the mortgage recording tax which is equivalent to 1.8-1.925% of your loan.
You’ll also be responsible for paying the NYC mansion tax, which is applied to all properties above $1 million on a sliding scale. As this Condo at 72 Reade Street is selling for $4,250,000 you’ll be hit with a tax for $63,750.
Closing costs seem too high? You can mitigate them and earn up to a $85,000 commission rebate when you purchase this four-bedroom Condo at 72 Reade Street, Apt 5S.
This 2968 sqft four-bedroom condo in TriBeCa is brought to you by Matthew, a licensed salesperson with The Corcoran Group. To schedule a private showing or to get more information on 72 Reade Street, Apt 5S you can reach Matthew at +19173261717.