RE SALESPERSON - The Corcoran Group
201 East 25th Street, Kips Bay, New York, NY 10010
Park Ave & 23rd St At Ne Corner (Uptown Only)
0.22 miles away
Park Ave & 28th St At Se Corner (Uptown Only)
0.23 miles away
Park Ave & 28th St At Ne Corner (Uptown Only)
0.24 miles away
Park Ave & 23rd St At Se Corner (Uptown Only)
0.24 miles away
201 East 25th Street, Apt 17F, New York, NY 10010 Affordability
Are you planning on getting a mortgage for this Kips Bay 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 $1,485,000 two-bedroom home that will end up coming to $74,250.
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 $14,850 if you purchase this Co-op at 201 East 25th Street, Apt 17F.
Are you interested in purchasing 201 East 25th Street, Apt 17F and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $29,700.
Located at 201 East 25th Street, Apt 17F, in Kips Bay, this two-bedroom home is listed by Bill Beauchamp, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Bill at +19178602506.