RE SALESPERSON - Brown Harris Stevens Residential Sales, LLC
850 Park Avenue, Upper West Side, New York, NY 10075
Central Park West & 81st St At Nw Corner
0.07 miles away
Central Park West & 81st St At Sw Corner
0.09 miles away
Central Park West & 86th St At Sw Corner
0.17 miles away
180 Central Park West
0.18 miles away
850 Park Avenue, Apt 1DR, New York, NY 10075 Affordability
Are you planning on getting a mortgage for this Upper West Side 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 $1,350,000 two-bedroom home that will end up coming to $67,500.
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 $13,500 if you purchase this Co-op at 850 Park Avenue, Apt 1DR.
Are you interested in purchasing 850 Park Avenue, Apt 1DR and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $27,000.
Located at 850 Park Avenue, Apt 1DR, in Upper West Side, this two-bedroom home is listed by Thomas Burchill, a real estate agent with Brown Harris Stevens Residential Sales, LLC. If you have questions about this co-op listing you can contact Thomas at +12123965818.