45 Wall Street
AVERAGE RATING
recommended by:
43%
overall rating:
43%
overall rating:
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Rent vs Buy Calculation
From: mpopeDate posted: 11/27/2007
Years at this apartment: 2007 - 2007
Why rent when it is less expensive to buy' Below, you will find a Rent vs Buy calculation for a sample 2 bedroom (1189Sqft) home in the Financial District. Please feel free to call me if you wish to discuss this opportunity, or if you have any questions. 646-306-1422
Own v. Rent Analysis:
Apartment Number: 6J
Purchase Price $740,000
% Down Payment 10%
Interest Rate 7.00%
Common Charges $471
RE Tax $960
Tax Bracket 42%
Down Payment $74,000
Loan Amount $666,000
Estimated Montly Payments
Monthly Mortgage Payment (Interest only) $3,885
Common Charges $471
RE Tax $960
Total Monthly Payment Amount (Before Tax Benefit) $5,316
Estimated Tax Deduction
Monthly Mortg. Tax Ded. (Mortg. Int. * Tax Bracket) $1,632
Monthly RE Tax Deduction $403
Total Montly Tax Savings $2,035
Summary
After Tax Monthly Cost $3,281
Comparable Monthly Rent $3,900
Total Monthly Savings vs Rent $619
Total Annual Savings vs Rent $7,427
Long established New Yorkers can appreciate the value of owning, as market rate rentals continue to soar and double digit increases are being offered with renewal leases. Owning your home becomes the natural choice. Whether you are seeking a one bedroom peid-a-teirre, or sprawling three bedroom home, we can accommodate your needs.
a world class condominium with a sophisticated array of personal services and superlative residential design, conveniently located in the heart of the Financial District offers turn-of-the-century landmark architecture and is surrounded by the emerging FiDi luxury shopping district. Listed below are only some of the highlights that have made this building a popular and logical choice for those seeking the best in Manhattan living.
Residence Features:
Federally landmarked Building Exterior
Solid wide plank Nero hardwood floors
Grand Lobby with marble-clad walls
Italian design Tres Piu doors
Sweeping Marble staircase V
arenna kitchens with Poliform cabinetry
Screening Room
Fully integrated appliances:
Children s playroom
Leibherr refrigerator
Private residents restaurant
Bosch cooktop and oven
Private residents lounge Miele dishwasher
Private men s and women s sauna and steam
Built in Bosch microwave
Private resident s health club
Custom Waterworks stainless steel fixtures
Yoga and Pilates studio
Marble and glacier glass baths
Platinum glove concierge services
Deep Zuma soaking tubs
Laundry facilities on each floor
Waterworks crystal egg bath fixtures
Dedicated delivery elevator Washer/Dryer connection provided in every home
Complimentary interior design services available
Financing
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