RE SALESPERSON - Warburg Realty Partnership, Ltd.
Manhattan, New York
Affordability and Closing Costs for 150 East 69th Street, Apt 6J
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 $1,500,000 one-bedroom home that will end up coming to $75,000.
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 $15,000 if you purchase this Co-op at 150 East 69th Street, Apt 6J.
Are you interested in purchasing 150 East 69th Street, Apt 6J and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $30,000.
Located at 150 East 69th Street, Apt 6J, in Lenox Hill, this 1437 sqft one-bedroom home is listed by Dorothy Schrager, a real estate agent with Warburg Realty Partnership, Ltd.. If you have questions about this co-op listing you can contact Dorothy at +19176917353.