3 beds
3 baths
2326 sqft
Condo
Location
515 West 29th Street, Chelsea, New York, NY 10001
Nearby Transit
8th Ave & 33rd St At Sw Corner
0.42 miles away
8th Ave & 33rd St At Nw Corner
0.42 miles away
8th Ave & 25th St At Nw Corner
0.43 miles away
8th Ave & 25th St At Sw Corner
0.44 miles away
515 West 29th Street, Apt 7N, New York, NY 10001 Affordability
Are you planning on getting a mortgage for this Chelsea 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 $650,000 down to purchase this three-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 515 West 29th Street is selling for $6,500,000 you’ll be hit with a tax for $146,250.
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 $130,000 commission rebate when you purchase this three-bedroom Condo at 515 West 29th Street, Apt 7N.
This 2326 sqft three-bedroom condo in Chelsea is brought to you by 515 West, a licensed salesperson with The Corcoran Group. To schedule a private showing or to get more information on 515 West 29th Street, Apt 7N you can reach 515 West at +12124732929.