RE SALESPERSON - Berkshire Hathaway HomeServices New York Properties
781 Fifth Avenue, Lenox Hill, New York, NY 10022
5th Ave & 60th St At Se Corner
0.03 miles away
5th Ave & 60th St At Ne Corner
0.04 miles away
5 Av (Between E 60 St And E 61 St)
0.07 miles away
Grand Army Plaza & Central Park South At Ne Corner
0.07 miles away
781 Fifth Avenue, Apt 901/904, New York, NY 10022 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 $6,700,000 three-bedroom home that will end up coming to $335,000.
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 $150,750 if you purchase this Co-op at 781 Fifth Avenue, Apt 901/904.
Are you interested in purchasing 781 Fifth Avenue, Apt 901/904 and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $134,000.
Located at 781 Fifth Avenue, Apt 901/904, in Lenox Hill, this three-bedroom home is listed by Craig Dix, a real estate agent with Berkshire Hathaway HomeServices New York Properties. If you have questions about this co-op listing you can contact Craig at +19175670805.