RE SALESPERSON - Sotheby's International Realty, Inc.
Manhattan, New York
Affordability and Closing Costs for 1400 Fifth Avenue, Apt 7A
1400 Fifth Avenue is a three-bedroom Harlem Co-op that is selling for $1,485,000. 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 $74,250 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 1400 Fifth Avenue is priced at $1,485,000 you’ll also need to pay a mansion tax of $14,850 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 1400 Fifth Avenue, Apt 7A? You can save up to $29,700 with a 2% buyer broker commission rebate when you find your home on PropertyClub.
This 1565 sqft three-bedroom co-op in Harlem is brought to you by Lisa, a licensed salesperson with Sotheby's International Realty, Inc.. To schedule a private showing or to get more information on 1400 Fifth Avenue, Apt 7A you can reach Lisa at +19176991050.