RE SALESPERSON - The Corcoran Group
108 East 86th Street, Upper East Side, New York, NY 10028
Lexington Ave & 86th St At Sw Corner (Downtown Only)
0.05 miles away
Lexington Ave & 86th St At Nw Corner (Downtown Only)
0.05 miles away
125 East 86 Street (Downtown Only)
0.06 miles away
Lexington Ave & 86th St At Se Corner (Uptown Only)
0.07 miles away
108 East 86th Street, Apt 12S, New York, NY 10028 Affordability
Are you planning on getting a mortgage for this Upper East Side 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 $2,195,000 three-bedroom home that will end up coming to $109,750.
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 $27,437 if you purchase this Co-op at 108 East 86th Street, Apt 12S.
Are you interested in purchasing 108 East 86th Street, Apt 12S and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $43,900.
Located at 108 East 86th Street, Apt 12S, in Upper East Side, this three-bedroom home is listed by Amy Katcher, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Amy at +19176784719.