RE SALESPERSON - Warburg Realty Partnership, Ltd.
211 Central Park West, Upper West Side, New York, NY 10024
Central Park West & 81st St At Nw Corner
0.02 miles away
Central Park West & 81st St At Sw Corner
0.04 miles away
180 Central Park West
0.13 miles away
Central Park West & 77th St At Nw Corner
0.17 miles away
211 Central Park West, Apt 2G, New York, NY 10024 Affordability
Are you planning on getting a mortgage for this Upper West Side 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 $12,500,000 four-bedroom home that will end up coming to $625,000.
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 $406,250 if you purchase this Co-op at 211 Central Park West, Apt 2G.
Are you interested in purchasing 211 Central Park West, Apt 2G and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $250,000.
Located at 211 Central Park West, Apt 2G, in Upper West Side, this 3600 sqft four-bedroom home is listed by Bonnie Chajet, a real estate agent with Warburg Realty Partnership, Ltd.. If you have questions about this co-op listing you can contact Bonnie at +19173317892.