RE SALESPERSON - The Corcoran Group
8 East 83rd Street, Upper East Side, New York, NY 10028
Lexington Ave & 86th St At Sw Corner (Downtown Only)
0.27 miles away
Lexington Ave & 86th St At Nw Corner (Downtown Only)
0.28 miles away
Lexington Ave & 86th St At Se Corner (Uptown Only)
0.29 miles away
125 East 86 Street (Downtown Only)
0.29 miles away
8 East 83rd Street, Apt 3C, 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 $1,475,000 one-bedroom home that will end up coming to $73,750.
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 $14,750 if you purchase this Co-op at 8 East 83rd Street, Apt 3C.
Are you interested in purchasing 8 East 83rd Street, Apt 3C and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $29,500.
Located at 8 East 83rd Street, Apt 3C, in Upper East Side, this one-bedroom home is listed by Oliver Brown, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Oliver at +19176808933.