3 beds
3 baths
1820 sqft
Condo
Location
211 Schermerhorn Street, Downtown Brooklyn, New York, NY 11201
Nearby Transit
35 Hoyt Street
0.03 miles away
36 Bond Street
0.07 miles away
Elm Pl & Fulton St At Sw Corner (To New Lots And Flatbush Only)
0.1 miles away
Hoyt St & Fulton St At Sw Corner (To New Lots And Flatbush Only)
0.1 miles away
211 Schermerhorn Street, Apt 14A, Brooklyn, NY 11201 Affordability
Are you planning on getting a mortgage for this Downtown Brooklyn Condo? In Brooklyn, 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 $270,000 down to purchase this three-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 211 Schermerhorn Street is selling for $2,700,000 you’ll be hit with a tax for $33,750.
Remember that if you’re purchasing a Condo in a new development or a sponsor unit, you’ll likely be responsible for paying some of the sellers closing costs.
Closing costs seem too high? You can mitigate them and earn up to a $54,000 commission rebate when you purchase this three-bedroom Condo at 211 Schermerhorn Street, Apt 14A.
This 1820 sqft three-bedroom condo in Downtown Brooklyn is brought to you by Deborah, a licensed salesperson with The Corcoran Group. To schedule a private showing or to get more information on 211 Schermerhorn Street, Apt 14A you can reach Deborah at +19174942503.