RE SALESPERSON - The Corcoran Group
575 Main Street, Roosevelt Island, New York, NY 10044
West Rd & Unnamed St At Se Corner
0.32 miles away
21st St & 41st Ave At Nw Corner
0.69 miles away
40-33 21 Street
0.7 miles away
138 East 68 Street
0.83 miles away
575 Main Street, Apt 714, New York, NY 10044 Affordability
Are you planning on getting a mortgage for this Roosevelt Island 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 $1,350,000 three-bedroom home that will end up coming to $67,500.
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 $13,500 if you purchase this Co-op at 575 Main Street, Apt 714.
Are you interested in purchasing 575 Main Street, Apt 714 and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $27,000.
Located at 575 Main Street, Apt 714, in Roosevelt Island, this 1656 sqft three-bedroom home is listed by Sherri Polin, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Sherri at +17189238070.