Jim St. André
RE SALESPERSON - Compass
300 West 23rd Street, Chelsea, New York, NY 10011
8th Ave & 23rd St At Sw Corner
0.01 miles away
8th Ave & 23rd St At Nw Corner
0.02 miles away
8th Ave & 23rd St At Se Corner
0.02 miles away
8th Ave & 23rd St At Ne Corner
0.03 miles away
300 West 23rd Street, Apt 11-EF, New York, NY 10011 Affordability
Are you planning on getting a mortgage for this Chelsea 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 $2,175,000 two-bedroom home that will end up coming to $108,750.
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 $27,187 if you purchase this Co-op at 300 West 23rd Street, Apt 11-EF.
Are you interested in purchasing 300 West 23rd Street, Apt 11-EF and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $43,500.
Located at 300 West 23rd Street, Apt 11-EF, in Chelsea, this two-bedroom home is listed by Jim St. André, a real estate agent with Compass. If you have questions about this co-op listing you can contact Jim at +16467328162.