RE SALESPERSON - Compass
Manhattan, New York
Broadway & 23rd St At Nw Corner (Downtown Only)
0.08 miles away
6th Ave & 23rd St At Ne Corner (Uptown Only)
0.09 miles away
6th Ave & 23rd St At Se Corner (Uptown Only)
0.1 miles away
5th Ave & 22nd St At Ne Corner (Downtown Only)
0.11 miles away
Affordability and Closing Costs for 40 West 24th Street, Apt 8-N
Are you planning on getting a mortgage for this Flatiron 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 $2,950,000 two-bedroom home that will end up coming to $147,500.
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 $36,875 if you purchase this Co-op at 40 West 24th Street, Apt 8-N.
Are you interested in purchasing 40 West 24th Street, Apt 8-N and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $59,000.
Located at 40 West 24th Street, Apt 8-N, in Flatiron, this two-bedroom home is listed by James Morgan, a real estate agent with Compass. If you have questions about this co-op listing you can contact James at +19179415637.