RE SALESPERSON - Prime Manhattan Residential
50 Riverside Drive, Upper West Side, New York, NY 10024
Broadway & 79th St At Sw Corner (Downtown Only)
0.18 miles away
Broadway & 79th St At Nw Corner (Downtown Only)
0.19 miles away
Broadway & 79th St At Se Corner (Uptown Only)
0.2 miles away
Broadway & 79th St At Ne Corner (Uptown Only)
0.21 miles away
50 Riverside Drive, Apt 5-D, New York, NY 10024 Affordability
Are you planning on getting a mortgage for this Upper West Side 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 $2,975,000 three-bedroom home that will end up coming to $148,750.
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 $37,187 if you purchase this Co-op at 50 Riverside Drive, Apt 5-D.
Are you interested in purchasing 50 Riverside Drive, Apt 5-D and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $59,500.
Located at 50 Riverside Drive, Apt 5-D, in Upper West Side, this 2000 sqft three-bedroom home is listed by Robert Dankner, a real estate agent with Prime Manhattan Residential. If you have questions about this co-op listing you can contact Robert at +19179512242.