In NYC, you aren't just choosing a neighborhood; you're choosing a legal structure:
While some conventional loans allow as little as 3% down, most NYC sellers and co-op boards expect 20% .
These offer the most autonomy but are the most expensive and require the buyer to manage all maintenance and utilities. 3. Essential Team Members
Buyers should budget between 2% and 6% of the purchase price. These are often higher for condos and new developments because buyers may be asked to cover the "sponsor's" taxes.