7 beds
7.5 baths
8350 sqft
Co-op
John Burger
RE SALESPERSON - Brown Harris Stevens Residential Sales, LLC
Location
995 Fifth Avenue, Upper West Side, New York, NY 10028
Nearby Transit
Central Park West & 81st St At Nw Corner
0.07 miles away
Central Park West & 81st St At Sw Corner
0.09 miles away
Central Park West & 86th St At Sw Corner
0.17 miles away
180 Central Park West
0.18 miles away
995 Fifth Avenue, Apt 15THFLR, New York, NY 10028 Affordability
Are you planning on getting a mortgage for this Upper West Side 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 $36,000,000 seven-bedroom home that will end up coming to $1,800,000.
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 $1,404,000 if you purchase this Co-op at 995 Fifth Avenue, Apt 15THFLR.
Are you interested in purchasing 995 Fifth Avenue, Apt 15THFLR and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $720,000.
Located at 995 Fifth Avenue, Apt 15THFLR, in Upper West Side, this 8350 sqft seven-bedroom home is listed by John Burger, a real estate agent with Brown Harris Stevens Residential Sales, LLC. If you have questions about this co-op listing you can contact John at +12129069274.