53W53 Sales Gallery
RE SALESPERSON - The Corcoran Group
Manhattan, New York
Affordability and Closing Costs for 53 West 53rd Street, Apt 17B
Are you planning on getting a mortgage for this Midtown Center Condo? In Manhattan, New York, you’ll be expected to put up a down payment ranging from 10% to 20% of the purchase price. That means that if you’re putting 10% down you’ll need to put $1,488,000 down to purchase this four-bedroom Condo
Don’t forget that NYC closing costs are notoriously high. The biggest fee is generally the mortgage recording tax which is equivalent to 1.8-1.925% of your 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 53 West 53rd Street is selling for $14,880,000 you’ll be hit with a tax for $483,600.
Remember that if you’re purchasing a Condo in a new development or a sponsor unit, you’ll likely be responsible for paying some of the sellers closing costs.
Closing costs seem too high? You can mitigate them and earn up to a $297,600 commission rebate when you purchase this four-bedroom Condo at 53 West 53rd Street, Apt 17B.
This 4220 sqft four-bedroom condo in Midtown Center is brought to you by 53W53, a licensed salesperson with The Corcoran Group. To schedule a private showing or to get more information on 53 West 53rd Street, Apt 17B you can reach 53W53 at +12126885300.