1 bed
1 bath
627 sqft
Condo
Location
181 East 28th Street, Kips Bay, New York, NY 10016
Nearby Transit
Park Ave & 28th St At Se Corner (Uptown Only)
0.16 miles away
Park Ave & 28th St At Ne Corner (Uptown Only)
0.17 miles away
Park Ave & 28th St At Sw Corner (Downtown Only)
0.19 miles away
Park Ave & 28th St At Nw Corner (Downtown Only)
0.2 miles away
181 East 28th Street, Apt 402, New York, NY 10016 Affordability
Are you planning on getting a mortgage for this Kips Bay 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 $115,000 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 181 East 28th Street is selling for $1,150,000 you’ll be hit with a tax for $11,500.
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 $23,000 commission rebate when you purchase this one-bedroom Condo at 181 East 28th Street, Apt 402.
This 627 sqft one-bedroom condo in Kips Bay is brought to you by 181 East, a licensed salesperson with The Corcoran Group. To schedule a private showing or to get more information on 181 East 28th Street, Apt 402 you can reach 181 East at +12128668887.