RE SALESPERSON - The Corcoran Group
176 East 71st Street, Lenox Hill, New York, NY 10021
Lexington Ave & 68th St At Ne Corner
0.15 miles away
Lexington Ave & 68th St At Nw Corner
0.15 miles away
138 East 68 Street
0.16 miles away
Lexington Ave & 68th St At Sw Corner
0.17 miles away
176 East 71st Street, Apt 19d, New York, NY 10021 Affordability
Are you planning on getting a mortgage for this Lenox Hill 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 $1,450,000 two-bedroom home that will end up coming to $72,500.
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 $14,500 if you purchase this Co-op at 176 East 71st Street, Apt 19d.
Are you interested in purchasing 176 East 71st Street, Apt 19d and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $29,000.
Located at 176 East 71st Street, Apt 19d, in Lenox Hill, this two-bedroom home is listed by Elyse Gutman, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Elyse at +19177963144.