RE SALESPERSON - Compass
131 East 69th Street, Lenox Hill, New York, NY 10021
Lexington Ave & 68th St At Ne Corner
0.05 miles away
Lexington Ave & 68th St At Nw Corner
0.06 miles away
138 East 68 Street
0.07 miles away
Lexington Ave & 68th St At Sw Corner
0.07 miles away
131 East 69th Street, Apt 11/12B, New York, NY 10021 Affordability
Are you planning on getting a mortgage for this Lenox Hill 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 $2,695,000 three-bedroom home that will end up coming to $134,750.
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 $33,687 if you purchase this Co-op at 131 East 69th Street, Apt 11/12B.
Are you interested in purchasing 131 East 69th Street, Apt 11/12B and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $53,900.
Located at 131 East 69th Street, Apt 11/12B, in Lenox Hill, this three-bedroom home is listed by Kirk Henckels, a real estate agent with Compass. If you have questions about this co-op listing you can contact Kirk at +19172916700.