RE SALESPERSON - Elegran Real Estate and Development
Manhattan, New York
Affordability and Closing Costs for 350 West 42nd Street, Apt PH-E
The typical down payment for a Condo in New York City is generally 10-20% so you should expect to put a minimum of $159,500 down at closing if you’re interested in purchasing this one-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 $1,595,000 you’ll be hit with a tax for $15,950.
Are you interested in making an offer on 350 West 42nd Street, Apt PH-E? Learn more about how you can mitigate your closing costs and earn up to a $31,900 buyer rebate when you purchase this property.
Located at 350 West 42nd Street, Apt PH-E, in Garment District, this 778 sqft one-bedroom home is listed by Peter Oliveri, a real estate agent with Elegran Real Estate and Development. If you have questions about this condo listing you can contact Peter at +19175664956.