RE SALESPERSON - Compass
180 West 58th Street, Central Park South, New York, NY 10019
7th Ave & 57th St At Ne Corner
0.05 miles away
7th Ave & 57th St At Nw Corner
0.06 miles away
7th Ave & 57th St At Se Corner
0.07 miles away
7th Ave & 57th St At Sw Corner
0.08 miles away
180 West 58th Street, Apt 6-B, New York, NY 10019 Affordability
Are you planning on getting a mortgage for this Central Park South 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 $1,250,000 one-bedroom home that will end up coming to $62,500.
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 $12,500 if you purchase this Co-op at 180 West 58th Street, Apt 6-B.
Are you interested in purchasing 180 West 58th Street, Apt 6-B and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $25,000.
Located at 180 West 58th Street, Apt 6-B, in Central Park South, this one-bedroom home is listed by Marilyn Eiges, a real estate agent with Compass. If you have questions about this co-op listing you can contact Marilyn at +19173592364.