RE SALESPERSON - Compass
214 West 16th Street, Chelsea, New York, NY 10011
7th Ave & 14th St At Nw Corner
0.09 miles away
7th Ave & 14th St At Ne Corner
0.1 miles away
7th Ave & 18th St At Sw Corner (Downtown Only)
0.1 miles away
7th Ave & 18th St At Nw Corner (Downtown Only)
0.11 miles away
214 West 16th Street, Apt 1/2S, New York, NY 10011 Affordability
214 West 16th Street is a two-bedroom Chelsea Co-op that is selling for $1,749,500.Buying a coop in NYC can be a tricky proposition which can involve high closing costs and lots of money down. Generally speaking, you’ll be required to put down at least 20% or $87,475 for a property like this one. Luckily for you, Co-op closing costs are typically going to be quite a bit lower than those for condos, townhouses, or other types of real property.
As this apartment at 214 West 16th Street is priced at $1,749,500 you’ll also need to pay a mansion tax of $17,495 if you purchase this co-op. NYC recently introduced a new progressive mansion tax, which applies to all properties that sell above $1 million. For homes selling between $1 and 1.99 Million the rate is only 1%, but that goes up to 3.9% for properties that sell for more than $25 Million.
Are you interested in saving a boatload of money when you purchase 214 West 16th Street, Apt 1/2S? You can save up to $34,990 with a 2% buyer broker commission rebate when you find your home on PropertyClub.
This 1220 sqft two-bedroom co-op in Chelsea is brought to you by Caitlin, a licensed salesperson with Compass. To schedule a private showing or to get more information on 214 West 16th Street, Apt 1/2S you can reach Caitlin at +16313354297.