RE SALESPERSON - Compass
254 West 123rd Street, Harlem, New York, NY 10027
Saint Nicholas Ave & 125th St At Se Corner
0.19 miles away
Saint Nicholas Ave & 125th St At Sw Corner
0.2 miles away
Saint Nicholas Ave & 125th St At Ne Corner
0.2 miles away
Saint Nicholas Ave & 125th St At Nw Corner
0.21 miles away
254 West 123rd Street, Apt 2, New York, NY 10027 Affordability
Are you planning on getting a mortgage for this Harlem 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 $1,850,000 four-bedroom home that will end up coming to $92,500.
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 $18,500 if you purchase this Co-op at 254 West 123rd Street, Apt 2.
Are you interested in purchasing 254 West 123rd Street, Apt 2 and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $37,000.
Located at 254 West 123rd Street, Apt 2, in Harlem, this 2150 sqft four-bedroom home is listed by Kim Amzallag, a real estate agent with Compass. If you have questions about this co-op listing you can contact Kim at +19173185725.