RE SALESPERSON - Engel & Volkers Brownstone Brooklyn
2 Grace Court, Brooklyn Heights, New York, NY 11201
Clinton St & Montague St At Nw Corner
0.29 miles away
78 Clinton Street
0.29 miles away
51 Clark Street
0.35 miles away
Clark St & Henry St At Nw Corner
0.36 miles away
2 Grace Court, Apt 5H, Brooklyn, NY 11201 Affordability
Are you planning on getting a mortgage for this Brooklyn Heights 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 $1,160,000 two-bedroom home that will end up coming to $58,000.
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 $11,600 if you purchase this Co-op at 2 Grace Court, Apt 5H.
Are you interested in purchasing 2 Grace Court, Apt 5H and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $23,200.
Located at 2 Grace Court, Apt 5H, in Brooklyn Heights, this two-bedroom home is listed by Katriona Kearney, a real estate agent with Engel & Volkers Brownstone Brooklyn. If you have questions about this co-op listing you can contact Katriona at +19176803670.