RE SALESPERSON - Compass
Manhattan, New York
Affordability and Closing Costs for 350 West 42nd Street, Apt 16-A
The typical down payment for a Condo in New York City is generally 10-20% so you should expect to put a minimum of $115,000 down at closing if you’re interested in purchasing this one-bedroom Garment District 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 350 West 42nd Street is selling for $1,150,000 you’ll be hit with a tax for $11,500.
Are you interested in making an offer on 350 West 42nd Street, Apt 16-A? Learn more about how you can mitigate your closing costs and earn up to a $23,000 buyer rebate when you purchase this property.
Located at 350 West 42nd Street, Apt 16-A, in Garment District, this 741 sqft one-bedroom home is listed by Samantha Shuman, a real estate agent with Compass. If you have questions about this condo listing you can contact Samantha at +15185882671.