NYC Listings with Interest Rate Buydowns or Special Incentives

By CityRealty Staff | From Future New York Sunday, January 21, 2024

A compelling incentive from sellers, known as an 'interest rate buydown,' has become increasingly common, especially in response to heightened mortgage rates. This strategy involves reducing your mortgage interest rate, either temporarily or permanently, by paying additional upfront fees. Achieved through discount points or temporary buydowns, discount points result in a lasting interest rate reduction, while temporary buydowns provide a temporary decrease, gradually reverting to the original rate.

It is crucial to understand the terms and tradeoffs, and buyers should carefully review the mortgage note to grasp the full implications. Temporary buydowns are often paid by the seller or lender and require borrowers to qualify based on the full interest rate after the buydown expires. Below is a roundup of availabilities that offer buyers special incentives to offset today's declining but still significantly elevated interest rates.

57 Park Terrace East, #B17
$449,000

Inwood | Cooperative | 2 Bedrooms, 1 Bath
Incentive: Seller Will Give The Buyer A Credit Of $7,000 To Buy Points For A Lower Rate. In Addition, The Seller Is Offering 6 Months Of Paid Maintenance $8,064, Towards Closing Costs.

57 Park Terrace East, #B17 (Compass)

From the Listing: Tired of elevator small talk? Bid farewell to that discomfort and embrace the luxury of direct access to your new haven on the first floor! Quietly situated Park Terrace Garden home effortlessly combines classic pre-war charm with modern convenience and is well-priced.This well-designed layout allows seamless flow between spaces, making it perfect for daily living and entertaining. See floor plan and full details here.

250 Mercer Street, #B907
$699,000 (-2.9%)

Greenwich Village | Cooperative | Studio, 1 Bath
Incentive: Seller Will Pay The Entire Temporary Assessment Of $832/Mo. Ending May 2024

250 Mercer Street, #B907 (Serhant LLC)

From the Listing: Introducing the most desirable studio loft layout at the iconic full-service 250 Mercer Street with massive eastern-facing windows and a just completed brand-new renovation with modern chic finishes to complement desirable loft features in one of the most sought-after downtown neighborhoods, prime Noho/Greenwich Village. See floor plan and full details here.

H70, #4F
$770,000

Midwood | Condominium | 2 Bedrooms, 2 Baths | 884 ft²
Incentive: Our Sponsor Will Buy Down Your Rate, Significantly Reducing Your Mortgage Payments.

H70, #4F (Corcoran Group)

From the Listing: Unit 4F at H7O Condominium is a spacious and inviting 2-bedroom 2-bathroom layout with its own private outdoor space. As you enter this home, you are welcomed by a large entry foyer with a double-door closet followed by a galley kitchen and large dining/living space with south-facing exposure. The primary bedroom features an en-suite bath. Both bedrooms are on opposite sides of the unit which makes for more privacy and are generous in size and offer ample amounts of closet space. See floor plan and full details here.

42 Rochester Avenue, #3
$838,000 (-11.3%)

Bedford-Stuyvesant | Condominium | 2 Bedrooms, 2 Baths | 953 ft²
Incentive: Approved For Homefirst Downpayment Assistance

42 Rochester Avenue, #3 (Brown Harris Stevens Brooklyn LLC)

From the Listing: Only 3 years old, this bespoke crafted and vibrant, 5-unit condominium, overlooking the sought-after Stuyvesant Heights and Crown Heights border, featuring unequaled quality construction, refined finishes, smart home sophistication, a gracious lobby, and 360 skyline views from the common roof deck, awaits its 2nd owner. Unit 3A is a floor-through, legal 3 bedroom that is currently configured as a very spacious and perfectly apportioned 2 bedroom / 2 bath apartment, with FRONT AND REAR BALCONIES. See floor plan and full details here.

Ritz Tower, #26A
$899,000

Midtown East | Cooperative | 2 Bedrooms, 2 Baths | 1,314 ft²
Incentive: Offering Up To $150,000 In Renovation Credit At Closing With A Full Price Offer!

Ritz Tower, #26A (Corcoran Group)

From the Listing: New Incentive: Offering up to $150,000 in renovation credit at closing with a full-price offer! Perched high on the 26th Floor, Apartment 26A is awaiting its new owner to transform this breathtaking large two-bedroom, two-bathroom layout to its potential glorious splendor! A wall of windows greets you with spectacular northwest sun-filled views of the Manhattan skyline as you enter this gracious (approx.) 1314 square foot home. See floor plan and full details here.

323 Lenox Road, #2F
$899,000

Prospect Lefferts Gardens | Condominium | 2 Bedrooms, 2 Baths | 809 ft²"
Incentive: Unit 2F Comes With 2 Parking Spaces And A Storage Unit Included In The Purchase Price.
Sponsor Paid 2/1 Rate Buydown Available."

323 Lenox Road, #2F (Corcoran Group)

From the Listing: .Introducing 323 Lenox Road, the newest condominium offering on the Prospect Lefferts Gardens/Flatbush border. Sited amongst similarly scaled mid-rise buildings, the condo seamlessly contributes to the area's diverse architectural fabric. Designed by Studio SC for a discerning urban eye, the building incorporates timeless elements of both function and form that elevate residents' visual and interactive experience while ensuring aesthetic relevance for years to come. See floor plan and full details here.

The Williamsburg Firehouse Lofts, #1B
$899,000

Williamsburg | Condominium | 1 Bedroom, 1 Bath | 937 ft²
Incentive: Sponsor Paid Rate Buydown Available.

The Williamsburg Firehouse Lofts, #1B (Corcoran Group)

From the Listing: There is nothing cookie-cutter about Loft 1B, an amazing one-bedroom (the size of a 2 bedroom), with ample space for living, dining, office, and more. The kitchen boasts endless cabinet space, a gas stove, a microwave, and a full-sized stainless steel refrigerator. Dripping with original exposed brick and featuring partial city views this home is truly one of a kind.If you've ever passed by a NYC Firehouse and said to yourself "Wow, wouldn't it be amazing to live in one of those?" Well, now that dream can become a reality for six lucky homeowners. See floor plan and full details here.

The Rennie, #614
$945,000

Harlem | Condominium | 2 Bedrooms, 2 Baths | 903 ft²
Incentive: Interest Rate Buy Down Options

The Rennie, #614 (Brown Harris Stevens Development Marketing LLC)

From the Listing: Settle into the Harlem Beat with this bright, chic 2 bedroom home facing a quiet, landscaped courtyard. Gorgeous picturesque windows with lovely sills frame views of a Historical Neo-Gothic limestone church, elevating the ambiance inside your home. Gray oak floors are featured throughout, complementing the natural light that fills the spacious home. See floor plan and full details here.

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Parker House, #2A
$1,075,000

Greenpoint | Condominium | 2 Bedrooms, 2 Baths | 890 ft²
Incentive: Sponsor Will Cover 2 Years Of Common Charges For All New Signed Contracts

Parker House, #2A (Serhant LLC)

From the Listing: For a limited time only, sponsor will cover 2 years of common charges for all newly signed contracts. Graced with a charming Juliet balcony and a collection of contemporary fixtures and finishes, this brand-new 2-bedroom, 2-bathroom home combines urban elegance with relaxed Greenpoint living in the heart of one of Brooklyn’s trendiest neighborhoods.

Wide plank oak floors sit beneath airy high ceilings. Double-pane floor-to-ceiling windows let in plenty of natural light while keeping interiors warm and quiet. Built-in storage cabinets and custom woodwork throughout. See floor plan and full details here.

Stratford Terrace, #203
$1,150,000

Flatbush | Condominium | 2 Bedrooms, 2 Baths | 998 ft²
Incentive: Save Up To $500 On Your Monthly Mortgage For Life Of The Loan W/ Sponsor-Paid Buydown Credit.

Stratford Terrace, #203 (Corcoran Group)

From the Listing: Closings have commenced at Stratford Terrace! Each home is move-in ready for immediate occupancy. .Is it possible to find the perfect two-bedroom with two-bathroom layout? If you're opening the door to Residence 203 at Stratford Terrace, Ditmas Park you've just found it. At an impressive 998 SF of interior space, and 585 SF of exterior from an expansive private terrace boasting gas and water lines for BBQ-ing and gardening plus electric outlets, this apartment has it all. See floor plan and full details here.

395 16th Street, #2
$1,195,000

South Slope - Greenwood Heights | Condominium | 2 Bedrooms, 2 Baths | 825 ft²
Incentive: Sponsor Will Cover A Rate Buy-Down Of 1% Off The Purchaser’S Mortgage!

395 16th Street, #2 (Compass)

From the Listing: Residence Two is a floor-through two-bedroom with Southern and Northern exposure, giving the living space and bedrooms a generous amount of natural light. With two full bathrooms, a washer/dryer featured in the unit, and a great breakfast nook facing the beautiful tree-lined 16th Street, residence two is a fantastic South Slope gem. See floor plan and full details here.

9511 Shore Road, #503
$1,325,000

Fort Hamilton | Condominium | 3 Bedrooms, 2 Baths | 1,597 ft²
Incentive: Interest Rate Buy Down Options.

9511 Shore Road, #503 (Compass)

From the Listing: Classic and modern blissfully unite for this fully redesigned and magnificently renovated three-bedroom, two-bathroom corner apartment. A Condominium conversion, 9511 Shore Road stands directly across from a newly refurbished Shore Road Park and the serene Narrows Waterway. Shore Road Park offers green space, hiking, bike paths, ball fields, and tennis courts. See floor plan and full details here.

The Alcove Residences, #2A
$1,395,000

Prospect Lefferts Gardens | Condominium | 3 Bedrooms, 2 Baths | 1,295 ft²
Incentive: Save Up To $750 Per Month On Your Mortgage Payment For Life Of The Loan W/ The Sponsor Paid Rate Buydown Program.

The Alcove Residences, #2A (Corcoran Group)

From the Listing: Residence 2A, at the Alcove Residences Condominium, is a south-facing 3-bedroom, 2-bathroom home with a 145 SF rooftop cabana included, in the historic Lefferts Garden - When you step from the keyed elevator, you're welcomed directly into the serene oversized Great Room, boasting 9+ foot ceilings, oversized windows and beautiful 7" European white oak pre-finished flooring all soaked in brilliant natural light throughout. See floor plan and full details here.

218 Classon Avenue, #PH
$1,395,000

Bedford-Stuyvesant | Condominium | 2 Bedrooms, 2 Baths | 1,003 ft²
Incentive: Holiday Incentive - Interest Rate As Low As 5.25%

218 Classon Avenue, #PH (Corcoran Group)

From the Listing: Spanning across 1,003 interior square feet, Apartment PH is a spacious and well-thought-out floor plan. This 2 bedroom, 2 bathroom duplex condo features an open great room flooded with natural light from the floor-to-ceiling windows that provide multiple exposures, creating a bright and inviting ambiance for living and dining.These oversized windows and doors open onto a huge, private balcony and massive wrap-around terrace extending your home to the outdoors, perfect for entertaining or taking in your new surroundings which offer captivating views of historic architecture. See floor plan and full details here.

Lincoln Towers, #7K
$1,575,000

Lincoln Center | Cooperative | 2 Bedrooms, 2 Baths | 1,157 ft²
Incentive: Sponsor Pays Mansion Tax

Lincoln Towers, #7K (The Agency Brokerage)

From the Listing: This large two-bedroom with a dining area (which can flex into a third bedroom) has great closets and an expanse of windows with very pleasant views over the lovely trees and gardens of the central Lincoln Towers courtyard. The apartment has been completely renovated from scratch and is delivered move-in ready. See floor plan and full details here.

Lincoln Towers, #3A
$1,695,000 (-5.6%)

Lincoln Center | Cooperative | 2 Bedrooms, 2 Baths | 1,253 ft²
Incentive: Sponsor Pays Mansion Tax

Lincoln Towers, #3A (The Agency Brokerage)

From the Listing: This large two-bedroom with a dining area and terrace has great closets and an expanse of windows that all face west, with very peaceful, pleasant views over the lovely trees, gardens, playgrounds, picnic tables, and recreational facilities of the private, gated Lincoln Towers park. The apartment has been completely renovated from scratch and is delivered move-in ready. See floor plan and full details here.

The Conover, #3D
$1,150,000

Red Hook | Condominium | 1 Bedroom, 1 Bath | 870 ft²
Incentive: The Sponsor Is Offering A $100,000 Discount On Apartment 2B For Fully Binding Contracts Signed By January 31, 2024

The Conover, #3D (Douglas Elliman Real Estate)

From the Listing: Residence 3D is a sun-soaked 1 bed, 1 bath residence with stunning treetop views of the neighborhood. The kitchen features custom millwork and Fisher Paykel appliances with matching panels for a seamless look. The large kitchen island has stain and heat-resistant quartz countertops that complete the high-end design. Modern finishes define this townhouse condo-Madera white oak, wide-plank wood floors, oversized windows, and 10ft exposed concrete ceilings. See floor plan and full details here.

One Essex Crossing, #11H
$2,150,000

Lower East Side | Condominium | 1 Bedroom, 2 Baths | 1,170 ft²
Incentive: 24 Month Common Charge Incentive.

One Essex Crossing, #11H (Corcoran Group)

From the Listing: Sitting at the heart of this authentic and historic New York neighborhood One Essex Crossing is the premier residential offering of the dynamic Essex Crossing masterplan. Residence 11H is a unique corner exposure 1,170 SF convertible 2 bedroom, 2 bath home that features a grand, light-filled living/dining room with impressive southeastern views. This residence features wide plank European oak flooring with a warm custom stain, ceiling heights of up to 10 feet, and oversized windows providing exceptional natural light and air. See floor plan and full details here.

One Manhattan Square, #26L
$2,265,000

Lower East Side | Condominium | 2 Bedrooms, 2 Baths | 1,123 ft²
Incentive: Sponsor Will Buy Down Your Mortgage Interest Rate By 2% Annually For The First 3 Years Of Your Mortgage.

One Manhattan Square, #26L (Extell Marketing Group LLC)

From the Listing: Residence 26L is a 1,123 square foot two bedroom, two bathroom with an open gourmet kitchen and breakfast bar. This spacious residence faces North East and North West, with expansive City and East River views.Warm, modern interiors are brought to life by the renowned design team at Meyer Davis Studio. See floor plan and full details here.

VU New York, #22B
$2,295,000

Murray Hill | Condominium | 2 Bedrooms, 2 Baths | 997 ft²
Incentive: Limited Time Incentive: $50,000 Closing Credit For Any 2 or 3 Br Contracts Signed By January 31St, 2024.

VU New York, #22B (Brown Harris Stevens Development Marketing LLC)

From the Listing: Residence 22B is a corner 2 bedroom, 2 bath home that boasts a gracious, split layout and walls of floor-to-ceiling windows. This home features both East and South exposures with breathtaking views of the iconic Manhattan skyline that spans to the Freedom Tower. See floor plan and full details here.

Oosten, #L65
$2,800,000 (-6.7%)

Williamsburg | Condominium | 3 Bedrooms, 3 Baths | 3,341 ft²
Incentive: Sponsor Offering A Two Year Tax Abatement!

Oosten, #L65 (Compass)

From the Listing: Situated on the vibrant South Williamsburg waterfront with endless amenities, Oosten brings luxury living in New York City to a whole new level. A rare full city block development designed by celebrated Dutch architect Piet Boon, the building’s stunning glass façade with gunmetal-framed floor-to-ceiling windows gives every residence the modern touch, as well as a taste of the original Williamsburg. For the interiors, Boon’s design features calming colors and clean lines that perfectly accentuate the roomy, airy features of the homes. See floor plan and full details here.

The Bryant, #25A
$4,995,000 (-4.9%)

Midtown West | Condominium | 2 Bedrooms, 2.5 Baths | 1,650 ft²
Incentive: Winter Incentives at The Bryant: Reduced Prices. No Common Charges for 12-months. Reduced Closing Costs.>

The Bryant, #25A (Corcoran Group)

From the Listing: .Located high above vibrant Bryant Park in the heart of New York City, this park-facing corner two-bedroom residence, designed by Pritzker Prize-winning David Chipperfield Architects, wraps the northwest corner with eleven floor-to-ceiling windows. At 1,650 sq. ft. (153.29 sq. m.), this home offers an expansive split bedroom floor plan with an abundance of natural light and incomparable views over Bryant Park through full-to-ceiling double-paned glass doors with Juliet balconies. The custom marble terrazzo facade transitions seamlessly into the interiors, creating crisp architectural frames to the windows and a border for the heated oak herringbone floors. See floor plan and full details here.

No. 33 Park Row, #12A
$5,650,000

Financial District | Condominium | 3 Bedrooms, 3.5 Baths | 2,332 ft²
Incentive: 2% Rate Buy-Down Buyer Incentive. For a limited time, Sponsor will buy down your mortgage interest rate by 2% annually, for the first 2 years of your mortgage.

No. 33 Park Row, #12A (Compass)

From the Listing: Overlooking Tribeca and City Hall Park, this is the first residential property in New York City by Pritzker Prize-winning architect Richard Rogers, Rogers Stirk Harbour + Partners. Residence 12A features three bedrooms, three-and-a-half bathrooms, gracious proportions of 2,183 interior sq ft, 142 exterior SqFt and a private elevator vestibule. The interiors feature stunning 11-foot-high ceilings and wall-to-wall, floor-to-ceiling windows overlooking City Hall Park. It is a remarkable and delightful pairing directly from the minds of Rogers Stirk Harbour + Partners. Living and entertaining spaces in N°33 Park Row’s residences highlight unobstructed, forever-preserved views over City Hall Park, along with the uniquely beautiful qualities of northern light. See floor plan and full details here.

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In this article:

Active Listings With Interest Rate Buydowns or other Special Incentives

57 Park Terrace East, #B17
$449,000

250 Mercer Street, #B907
$699,000 (-2.9%)

H70, #4F
$770,000

42 Rochester Avenue, #3
$838,000 (-11.3%)

Ritz Tower, #26A
$899,000

323 Lenox Road, #2F
$899,000

The Williamsburg Firehouse Lofts, #1B
$899,000

The Rennie, #614
$945,000

Select which properties are of interest to you:

Parker House, #2A
$1,075,000

Stratford Terrace, #203
$1,150,000

395 16th Street, #2
$1,195,000

9511 Shore Road, #503
$1,325,000

The Alcove Residences, #2A
$1,395,000

218 Classon Avenue, #PH
$1,395,000

Lincoln Towers, #7K
$1,575,000

Lincoln Towers, #3A
$1,695,000 (-5.6%)

The Conover, #3D
$1,150,000

One Essex Crossing, #11H
$2,150,000

One Manhattan Square, #26L
$2,265,000

VU New York, #22B
$2,295,000

Oosten, #L65
$2,800,000 (-6.7%)

The Bryant, #25A
$4,995,000 (-4.9%)

No. 33 Park Row, #12A
$5,650,000

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Active Listings With Interest Rate Buydowns or other Special Incentives

Select which properties are of interest to you:

Select which properties are of interest to you:

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