RE SALESPERSON - The Corcoran Group
205 Third Avenue, Gramercy, New York, NY 10003
3rd Ave & 14th St At Ne Corner (To 8 Av Only)
0.21 miles away
3rd Ave & 14th St At Se Corner (To Brooklyn Only)
0.23 miles away
101 East 14 Street
0.26 miles away
Park Ave & 22nd St At Ne Corner (Uptown Only)
0.26 miles away
205 Third Avenue, Apt 7S, New York, NY 10003 Affordability
Are you planning on getting a mortgage for this Gramercy 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 $1,115,000 two-bedroom home that will end up coming to $55,750.
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 $11,150 if you purchase this Co-op at 205 Third Avenue, Apt 7S.
Are you interested in purchasing 205 Third Avenue, Apt 7S and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $22,300.
Located at 205 Third Avenue, Apt 7S, in Gramercy, this 1025 sqft two-bedroom home is listed by Steve Duggan, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Steve at +12126838300.