RE SALESPERSON - Warburg Realty Partnership, Ltd.
262 Central Park West, Upper West Side, New York, NY 10024
Central Park West & 86th St At Nw Corner
0.02 miles away
Central Park West & 87th St At Nw Corner
0.03 miles away
Central Park West & 86th St At Sw Corner
0.04 miles away
Central Park West & 88th St At Nw Corner
0.08 miles away
262 Central Park West, Apt 9B, New York, NY 10024 Affordability
Are you planning on getting a mortgage for this Upper West Side 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 $3,900,000 three-bedroom home that will end up coming to $195,000.
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 $58,500 if you purchase this Co-op at 262 Central Park West, Apt 9B.
Are you interested in purchasing 262 Central Park West, Apt 9B and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $78,000.
Located at 262 Central Park West, Apt 9B, in Upper West Side, this three-bedroom home is listed by Harriet Kaufman, a real estate agent with Warburg Realty Partnership, Ltd.. If you have questions about this co-op listing you can contact Harriet at +19178267051.