301 West 118th Street, Apt 9-B

The typical down payment for a Condo in New York City is generally 10-20% so you should expect to put a minimum of $149,900 down at closing if you’re interested in purchasing this three-bedroom Harlem Condo.

If you’re planning on getting a mortgage you’ll also have to pay a mortgage recording tax of 1.8% to 1.925% of the 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 301 West 118th Street is selling for $1,499,000 you’ll be hit with a tax for $14,990.

Are you interested in making an offer on 301 West 118th Street, Apt 9-B? Learn more about how you can mitigate your closing costs and earn up to a $29,980 buyer rebate when you purchase this property.