RE SALESPERSON - Compass
Central Park South
Manhattan, New York
Affordability and Closing Costs for 1 Central Park South, Apt 1106
Are you planning on getting a mortgage for this Central Park South 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 $499,000 down to purchase this two-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 1 Central Park South is selling for $4,990,000 you’ll be hit with a tax for $74,850.
Closing costs seem too high? You can mitigate them and earn up to a $99,800 commission rebate when you purchase this two-bedroom Condo at 1 Central Park South, Apt 1106.
This 1676 sqft two-bedroom condo in Central Park South is brought to you by Charlie, a licensed salesperson with Compass. To schedule a private showing or to get more information on 1 Central Park South, Apt 1106 you can reach Charlie at +19172738613.