RE SALESPERSON - Compass
Manhattan, New York
Affordability and Closing Costs for 350 West 42nd Street, Apt 10-L
The typical down payment for a Condo in New York City is generally 10-20% so you should expect to put a minimum of $145,000 down at closing if you’re interested in purchasing this two-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 $1,450,000 you’ll be hit with a tax for $14,500.
Are you interested in making an offer on 350 West 42nd Street, Apt 10-L? Learn more about how you can mitigate your closing costs and earn up to a $29,000 buyer rebate when you purchase this property.
Located at 350 West 42nd Street, Apt 10-L, in Garment District, this 957 sqft two-bedroom home is listed by Stephanie Yuan, a real estate agent with Compass. If you have questions about this condo listing you can contact Stephanie at +16504007911.