3 beds
2 baths
Co-op
Joseph Vassallo
RE SALESPERSON - Compass
Location
9201 Shore Road, Bay Ridge, New York, NY 11209
Nearby Transit
4th Ave & 93th St At Sw Corner
0.55 miles away
4th Ave & 95th St At Sw Corner
0.57 miles away
4th Ave & 95th St At Nw Corner
0.57 miles away
4th Ave & 93th St At Ne Corner
0.57 miles away
9201 Shore Road, Apt B-402, Brooklyn, NY 11209 Affordability
Are you planning on getting a mortgage for this Bay Ridge 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 $1,250,000 three-bedroom home that will end up coming to $62,500.
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 $12,500 if you purchase this Co-op at 9201 Shore Road, Apt B-402.
Are you interested in purchasing 9201 Shore Road, Apt B-402 and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $25,000.
Located at 9201 Shore Road, Apt B-402, in Bay Ridge, this three-bedroom home is listed by Joseph Vassallo, a real estate agent with Compass. If you have questions about this co-op listing you can contact Joseph at +19176856453.