RE SALESPERSON - Halstead dba Brown Harris Stevens Residential Sales LLC
880 Fifth Avenue, Upper West Side, New York, NY 10021
Central Park West & 81st St At Nw Corner
0.07 miles away
Central Park West & 81st St At Sw Corner
0.09 miles away
Central Park West & 86th St At Sw Corner
0.17 miles away
180 Central Park West
0.18 miles away
880 Fifth Avenue, Apt 1H, New York, NY 10021 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 $1,200,000 studio home that will end up coming to $60,000.
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 $12,000 if you purchase this Co-op at 880 Fifth Avenue, Apt 1H.
Are you interested in purchasing 880 Fifth Avenue, Apt 1H and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $24,000.
Located at 880 Fifth Avenue, Apt 1H, in Upper West Side, this 1000 sqft studio home is listed by Jeffrey Tanenbaum, a real estate agent with Halstead dba Brown Harris Stevens Residential Sales LLC. If you have questions about this co-op listing you can contact Jeffrey at +12123813308.