515 West 18th Street
RE SALESPERSON - The Corcoran Group
515 West 18th Street, Chelsea, New York, NY 10011
8th Ave & 16th St At Nw Corner
0.41 miles away
103 8 Avenue
0.42 miles away
8th Ave & 15th St At Nw Corner
0.43 miles away
8th Ave & 16th St At Ne Corner
0.44 miles away
515 West 18th Street, Apt 504, New York, NY 10011 Affordability
Are you planning on getting a mortgage for this Chelsea 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 $225,000 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 515 West 18th Street is selling for $2,250,000 you’ll be hit with a tax for $28,125.
Remember that if you’re purchasing a Condo in a new development or a sponsor unit, you’ll likely be responsible for paying some of the sellers closing costs.
Closing costs seem too high? You can mitigate them and earn up to a $45,000 commission rebate when you purchase this one-bedroom Condo at 515 West 18th Street, Apt 504.
This 1015 sqft one-bedroom condo in Chelsea is brought to you by 515 West, a licensed salesperson with The Corcoran Group. To schedule a private showing or to get more information on 515 West 18th Street, Apt 504 you can reach 515 West at +12127960515.