2 beds
2 baths
Co-op
Nicole Heffner
RE SALESPERSON - Compass
Location
201 East 77th Street, Upper East Side, New York, NY 10075
Nearby Transit
Lexington Ave & 77th St At Ne Corner (Uptown Only)
0.1 miles away
Lexington Ave & 77th St At Se Corner (Uptown Only)
0.1 miles away
125 East 77 Street (Downtown Only)
0.12 miles away
Lexington Ave & 77th St At Sw Corner (Downtown Only)
0.12 miles away
201 East 77th Street, Apt 8-D, New York, NY 10075 Affordability
Are you planning on getting a mortgage for this Upper East 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 $1,480,000 two-bedroom home that will end up coming to $74,000.
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 $14,800 if you purchase this Co-op at 201 East 77th Street, Apt 8-D.
Are you interested in purchasing 201 East 77th Street, Apt 8-D and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $29,600.
Located at 201 East 77th Street, Apt 8-D, in Upper East Side, this two-bedroom home is listed by Nicole Heffner, a real estate agent with Compass. If you have questions about this co-op listing you can contact Nicole at +19176927477.