Robb Maximilian Saar
RE SALESPERSON - Engel & Volkers New York Real Estate LLC
400 East 56th Street, Sutton Place, New York, NY 10022
3rd Ave & 53rd St At Ne Corner
0.32 miles away
3rd Ave & 53rd St At Se Corner
0.32 miles away
3rd Ave & 60th St At Se Corner
0.37 miles away
3rd Ave & 60th St At Sw Corner
0.38 miles away
400 East 56th Street, Apt 32P, New York, NY 10022 Affordability
Are you planning on getting a mortgage for this Sutton Place 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 $1,695,000 two-bedroom home that will end up coming to $84,750.
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 $16,950 if you purchase this Co-op at 400 East 56th Street, Apt 32P.
Are you interested in purchasing 400 East 56th Street, Apt 32P and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $33,900.
Located at 400 East 56th Street, Apt 32P, in Sutton Place, this 1445 sqft two-bedroom home is listed by Robb Maximilian Saar, a real estate agent with Engel & Volkers New York Real Estate LLC. If you have questions about this co-op listing you can contact Robb Maximilian at +19175970404.