RE SALESPERSON - The Corcoran Group
815 Park Avenue, Lenox Hill, New York, NY 10021
Lexington Ave & 77th St At Sw Corner (Downtown Only)
0.13 miles away
Lexington Ave & 77th St At Nw Corner (Downtown Only)
0.14 miles away
125 East 77 Street (Downtown Only)
0.14 miles away
Lexington Ave & 77th St At Se Corner (Uptown Only)
0.15 miles away
815 Park Avenue, Apt 1AD/D2, New York, NY 10021 Affordability
Are you planning on getting a mortgage for this Lenox Hill 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 $1,900,000 three-bedroom home that will end up coming to $95,000.
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 $19,000 if you purchase this Co-op at 815 Park Avenue, Apt 1AD/D2.
Are you interested in purchasing 815 Park Avenue, Apt 1AD/D2 and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $38,000.
Located at 815 Park Avenue, Apt 1AD/D2, in Lenox Hill, this 2000 sqft three-bedroom home is listed by Paul Wexler, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Paul at +12128361075.