RE SALESPERSON - The Corcoran Group
288 West Street, TriBeCa, New York, NY 10013
Canal St & Varick St At Nw Corner (Downtown Only)
0.26 miles away
Canal St & Varick St At Ne Corner (Uptown Only)
0.29 miles away
Varick St & King St At Sw Corner (Downtown Only)
0.35 miles away
St. John La & Laight St At Se Corner
0.35 miles away
288 West Street, Apt 6W/5W, New York, NY 10013 Affordability
Are you planning on getting a mortgage for this TriBeCa 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 $5,775,000 four-bedroom home that will end up coming to $288,750.
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 $129,937 if you purchase this Co-op at 288 West Street, Apt 6W/5W.
Are you interested in purchasing 288 West Street, Apt 6W/5W and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $115,500.
Located at 288 West Street, Apt 6W/5W, in TriBeCa, this four-bedroom home is listed by Danny Davis, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Danny at +19177768564.