RE SALESPERSON - The Corcoran Group
140 Sullivan Street, SoHo, New York, NY 10012
6th Ave & Vandam St At Sw Corner
0.11 miles away
166 6 Avenue
0.13 miles away
6th Ave & Spring St At Nw Corner
0.15 miles away
Varick St & King St At Se Corner (Uptown Only)
0.16 miles away
140 Sullivan Street, Apt 4/5, 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 $7,200,000 five-bedroom home that will end up coming to $360,000.
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 $162,000 if you purchase this Co-op at 140 Sullivan Street, Apt 4/5.
Are you interested in purchasing 140 Sullivan Street, Apt 4/5 and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $144,000.
Located at 140 Sullivan Street, Apt 4/5, in SoHo, this 4100 sqft five-bedroom home is listed by Toni Martin, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Toni at +17182887703.