RE SALESPERSON - The Corcoran Group
Lower East Side
Manhattan, New York
Affordability and Closing Costs for 287 East Houston Street, Apt 6C
The typical down payment for a Condo in New York City is generally 10-20% so you should expect to put a minimum of $119,500 down at closing if you’re interested in purchasing this one-bedroom Lower East Side Condo.
If you’re planning on getting a mortgage you’ll also have to pay a mortgage recording tax of 1.8% to 1.925% of the 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 287 East Houston Street is selling for $1,195,000 you’ll be hit with a tax for $11,950.
Remember that if you purchase in a new development you’ll likely have significantly higher closing costs.
Are you interested in making an offer on 287 East Houston Street, Apt 6C? Learn more about how you can mitigate your closing costs and earn up to a $23,900 buyer rebate when you purchase this property.
Located at 287 East Houston Street, Apt 6C, in Lower East Side, this 624 sqft one-bedroom home is listed by Shelley OKeefe, a real estate agent with The Corcoran Group. If you have questions about this condo listing you can contact Shelley at +19177975977.