RE SALESPERSON - Compass
416 Ocean Avenue, Prospect Park South, New York, NY 11226
St. Pauls Pl & Caton Ave At Se Corner
0.09 miles away
Ocean Ave & Woodruff Ave At Nw Corner
0.13 miles away
Ocean Ave & Parkside Ave At Ne Corner
0.2 miles away
1713 Church Avenue
0.22 miles away
416 Ocean Avenue, Apt 14, Brooklyn, NY 11226 Affordability
416 Ocean Avenue is a five-bedroom Prospect Park South Co-op that is selling for $1,375,000.Buying a coop in NYC can be a tricky proposition which can involve high closing costs and lots of money down. Generally speaking, you’ll be required to put down at least 20% or $68,750 for a property like this one. Luckily for you, Co-op closing costs are typically going to be quite a bit lower than those for condos, townhouses, or other types of real property.
As this apartment at 416 Ocean Avenue is priced at $1,375,000 you’ll also need to pay a mansion tax of $13,750 if you purchase this co-op. NYC recently introduced a new progressive mansion tax, which applies to all properties that sell above $1 million. For homes selling between $1 and 1.99 Million the rate is only 1%, but that goes up to 3.9% for properties that sell for more than $25 Million.
Are you interested in saving a boatload of money when you purchase 416 Ocean Avenue, Apt 14? You can save up to $27,500 with a 2% buyer broker commission rebate when you find your home on PropertyClub.
This 2450 sqft five-bedroom co-op in Prospect Park South is brought to you by Terrence, a licensed salesperson with Compass. To schedule a private showing or to get more information on 416 Ocean Avenue, Apt 14 you can reach Terrence at +12129458769.