RE SALESPERSON - The Corcoran Group
69 Fifth Avenue, Union Square, New York, NY 10003
Broadway & 14th St At Ne Corner
0.12 miles away
Broadway & 14th St At Sw Corner
0.13 miles away
Broadway & 16th St At Se Corner
0.14 miles away
Broadway & 16th St At Ne Corner
0.15 miles away
69 Fifth Avenue, Apt 14F, New York, NY 10003 Affordability
Are you planning on getting a mortgage for this Union Square 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 $1,539,000 one-bedroom home that will end up coming to $76,950.
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 $15,390 if you purchase this Co-op at 69 Fifth Avenue, Apt 14F.
Are you interested in purchasing 69 Fifth Avenue, Apt 14F and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $30,780.
Located at 69 Fifth Avenue, Apt 14F, in Union Square, this one-bedroom home is listed by Fern Budow, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Fern at +12128931415.