1 bed
1 bath
703 sqft
Condo
Richard Hottinger
RE SALESPERSON - The Corcoran Group
Location
385 First Avenue, Gramercy, New York, NY 10010
Nearby Transit
1st Ave & 14th St At Ne Corner (To 8 Av Only)
0.39 miles away
1st Ave & 14th St At Se Corner (To Brooklyn Only)
0.43 miles away
Park Ave & 23rd St At Ne Corner (Uptown Only)
0.44 miles away
Park Ave & 22nd St At Ne Corner (Uptown Only)
0.44 miles away
385 First Avenue, Apt 2H, New York, NY 10010 Affordability
Are you planning on getting a mortgage for this Gramercy Condo? In Manhattan, New York, you’ll be expected to put up a down payment ranging from 10% to 20% of the purchase price. That means that if you’re putting 10% down you’ll need to put $114,500 down to purchase this one-bedroom Condo
Don’t forget that NYC closing costs are notoriously high. The biggest fee is generally the mortgage recording tax which is equivalent to 1.8-1.925% of your loan.
You’ll also be responsible for paying the NYC mansion tax, which is applied to all properties above $1 million on a sliding scale. As this Condo at 385 First Avenue is selling for $1,145,000 you’ll be hit with a tax for $11,450.
Closing costs seem too high? You can mitigate them and earn up to a $22,900 commission rebate when you purchase this one-bedroom Condo at 385 First Avenue, Apt 2H.
This 703 sqft one-bedroom condo in Gramercy is brought to you by Richard, a licensed salesperson with The Corcoran Group. To schedule a private showing or to get more information on 385 First Avenue, Apt 2H you can reach Richard at +19179304210.