RE SALESPERSON - Halstead Property LLC
1050 Park Avenue, Upper West Side, New York, NY 10028
Central Park West & 81st St At Nw Corner
0.07 miles away
Central Park West & 81st St At Sw Corner
0.09 miles away
Central Park West & 86th St At Sw Corner
0.17 miles away
180 Central Park West
0.18 miles away
1050 Park Avenue, Apt MEDICAL, New York, NY 10028 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 $1,095,000 studio home that will end up coming to $54,750.
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 $10,950 if you purchase this Co-op at 1050 Park Avenue, Apt MEDICAL.
Are you interested in purchasing 1050 Park Avenue, Apt MEDICAL and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $21,900.
Located at 1050 Park Avenue, Apt MEDICAL, in Upper West Side, this studio home is listed by Jeffrey Tanenbaum, a real estate agent with Halstead Property LLC. If you have questions about this co-op listing you can contact Jeffrey at +12123813308.