RE SALESPERSON - Compass
1088 Park Avenue, Carnegie Hill, New York, NY 10128
125 East 86 Street (Downtown Only)
0.15 miles away
Lexington Ave & 86th St At Nw Corner (Downtown Only)
0.15 miles away
Lexington Ave & 86th St At Ne Corner (Uptown Only)
0.16 miles away
Lexington Ave & 86th St At Sw Corner (Downtown Only)
0.17 miles away
1088 Park Avenue, Apt 12-A, New York, NY 10128 Affordability
Are you planning on getting a mortgage for this Carnegie Hill 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 $5,700,000 five-bedroom home that will end up coming to $285,000.
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 $128,250 if you purchase this Co-op at 1088 Park Avenue, Apt 12-A.
Are you interested in purchasing 1088 Park Avenue, Apt 12-A and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $114,000.
Located at 1088 Park Avenue, Apt 12-A, in Carnegie Hill, this five-bedroom home is listed by Jennifer Taylor, a real estate agent with Compass. If you have questions about this co-op listing you can contact Jennifer at +19179687504.