RE SALESPERSON - The Corcoran Group
25 East 77th Street, Lenox Hill, New York, NY 10075
Lexington Ave & 77th St At Sw Corner (Downtown Only)
0.2 miles away
Lexington Ave & 77th St At Nw Corner (Downtown Only)
0.2 miles away
125 East 77 Street (Downtown Only)
0.21 miles away
Lexington Ave & 77th St At Ne Corner (Uptown Only)
0.23 miles away
25 East 77th Street, Apt 1503, New York, NY 10075 Affordability
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 $9,000,000 three-bedroom home that will end up coming to $450,000.
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 $202,500 if you purchase this Co-op at 25 East 77th Street, Apt 1503.
Are you interested in purchasing 25 East 77th Street, Apt 1503 and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $180,000.
Located at 25 East 77th Street, Apt 1503, in Lenox Hill, this 2815 sqft three-bedroom home is listed by Janet Wang, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Janet at +12128361008.