RE SALESPERSON - Brown Harris Stevens Residential Sales LLC
Upper West Side
Manhattan, New York
Affordability and Closing Costs for 775 Park Avenue, Apt 6D
775 Park Avenue is a three-bedroom Upper West Side Co-op that is selling for $5,500,000. 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 $275,000 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 775 Park Avenue is priced at $5,500,000 you’ll also need to pay a mansion tax of $123,750 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 775 Park Avenue, Apt 6D? You can save up to $110,000 with a 2% buyer broker commission rebate when you find your home on PropertyClub.
This three-bedroom co-op in Upper West Side is brought to you by Mary, a licensed salesperson with Brown Harris Stevens Residential Sales LLC. To schedule a private showing or to get more information on 775 Park Avenue, Apt 6D you can reach Mary at +12129069259.