1 bed
1 bath
669 sqft
Condo
Location
500 West 45th Street, Hell's Kitchen, New York, NY 10036
Nearby Transit
8th Ave & 44th St At Nw Corner
0.33 miles away
8th Ave & 44th St At Sw Corner
0.34 miles away
8th Ave & 43rd St At Sw Corner
0.35 miles away
8th Ave & 42nd St At Nw Corner
0.36 miles away
500 West 45th Street, Apt 225, New York, NY 10036 Affordability
Are you planning on getting a mortgage for this Hell's Kitchen Condo? In Manhattan, New York, you’ll be expected to put up a down payment ranging from 10% to 20% of the purchase price. That means that if you’re putting 10% down you’ll need to put $104,550 down to purchase this one-bedroom Condo
Don’t forget that NYC closing costs are notoriously high. The biggest fee is generally the mortgage recording tax which is equivalent to 1.8-1.925% of your loan.
You’ll also be responsible for paying the NYC mansion tax, which is applied to all properties above $1 million on a sliding scale. As this Condo at 500 West 45th Street is selling for $1,045,500 you’ll be hit with a tax for $10,455.
Remember that if you’re purchasing a Condo in a new development or a sponsor unit, you’ll likely be responsible for paying some of the sellers closing costs.
Closing costs seem too high? You can mitigate them and earn up to a $20,910 commission rebate when you purchase this one-bedroom Condo at 500 West 45th Street, Apt 225.
This 669 sqft one-bedroom condo in Hell's Kitchen is brought to you by David, a licensed salesperson with Compass. To schedule a private showing or to get more information on 500 West 45th Street, Apt 225 you can reach David at +19144201985.