RE SALESPERSON - The Corcoran Group
25 Sutton Place South, Sutton Place, New York, NY 10022
3rd Ave & 53rd St At Ne Corner
0.43 miles away
West Rd & Unnamed St At Se Corner
0.44 miles away
3rd Ave & 53rd St At Se Corner
0.44 miles away
3rd Ave & 60th St At Se Corner
0.48 miles away
25 Sutton Place South, Apt 14N, New York, NY 10022 Affordability
25 Sutton Place South is a two-bedroom Sutton Place Co-op that is selling for $1,250,000. Purchasing a NYC co-op can be a tricky proposition which can involve high closing costs and lots of money down. Generally speaking, you’ll be required to put down at least 20% or $62,500 for a property like this one. Luckily for you, Co-op closing costs are typically going to be quite a bit lower than those for condos, townhouses, or other types of real property.
As this apartment at 25 Sutton Place South is priced at $1,250,000 you’ll also need to pay a mansion tax of $12,500 if you purchase this co-op. NYC recently introduced a new progressive mansion tax, which applies to all properties that sell above $1 million. For homes selling between $1 and 1.99 Million the rate is only 1%, but that goes up to 3.9% for properties that sell for more than $25 Million.
Are you interested in saving a boatload of money when you purchase 25 Sutton Place South, Apt 14N? You can save up to $25,000 with a 2% buyer broker commission rebate when you find your home on PropertyClub.
This two-bedroom co-op in Sutton Place is brought to you by Lawrence, a licensed salesperson with The Corcoran Group. To schedule a private showing or to get more information on 25 Sutton Place South, Apt 14N you can reach Lawrence at +19179219873.