RE SALESPERSON - Compass
124 Thompson Street, SoHo, New York, NY 10012
166 6 Avenue
0.14 miles away
6th Ave & Vandam St At Sw Corner
0.14 miles away
6th Ave & Spring St At Nw Corner
0.17 miles away
Broadway & Prince St At Nw Corner (Downtown Only)
0.22 miles away
124 Thompson Street, Apt 27/28, New York, NY 10012 Affordability
Are you planning on getting a mortgage for this SoHo 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 two-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 124 Thompson Street, Apt 27/28.
Are you interested in purchasing 124 Thompson Street, Apt 27/28 and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $37,000.
Located at 124 Thompson Street, Apt 27/28, in SoHo, this two-bedroom home is listed by Aimee Scher, a real estate agent with Compass. If you have questions about this co-op listing you can contact Aimee at +18457508111.