Closing Cost

Condo

  • Broker: 6%
  • Seller's Attorney: Consult your attorney.
  • Processing Fee: $600+
  • Miscellaneous Condo Charges: Varies by building.

NYC Transfer Tax

  • $499,999.99 and below is 1%
  • $500,000 and up is 1.425%
  • $3,000,000 and up is 1.425%

NYS Transfer Tax

  • $499,999.99 and below is $2 per $500 of conveyance price.
  • $500,000 and up is $2 per $500 of conveyance price.
  • $3,000,000 and up is $3.25 per $500 of conveyance price.
  • Buyer's Attorney: Consult your attorney.
  • Bank Fees: $750+
  • Application Fee: $350+
  • Processing Fee: $330+
  • Appraisal Fee: $500-$2000
  • Credit Report Fee: $45-$100+
  • Bank Attorney: $650-$1000
  • Recording Fees: $250-$750
  • Title Insurance: Variable by transaction

Mortgage Tax

  • $499,999.99 and below is 1.8%
  • $500,000 and up is 1.925%

NYC Transfer Tax

  • $499,999.99 and below is 1%
  • $500,000 and up is 1.425%
  • $3,000,000 and up is 1.425%

NYS Transfer Tax

  • $499,999.99 and below is $2 per $500 of conveyance price.
  • $500,000 and up is $2 per $500 of conveyance price.
  • $3,000,000 and up is $3.25 per $500 of conveyance price.

Mansion Tax

  • $1,000,000 - $1,999,999 is 1%
  • $2,000,000 - $2,999,999 is 1.25%
  • $3,000,000 - $4,999,999 is 1.5%
  • $5,000,000 - $9,999,999 is 2.25%
  • $10,000,000 - $14,999,999 is 3.25%
  • $15,000,000 - $19,999,999 is 3.5%
  • $20,000,000 - $24,999,999 is 3.75%
  • $25,000,000 or more is 3.9%

 

  • Sponsor's Attorney Fee (New Development Only): $1500 and up
  • Working Capital Fund Contribution: 1-2 months common charges

Co-Op

  • Broker: 6%
  • Seller's Attorney: Consult your attorney.
  • RP5217 Filing Fee: $100
  • Miscellaneous Co-op Fees: Varies by building.
  • Pick-Up/Payoff Fee: $250-$700
  • UCC-3 Filing Fee: $20-$40
  • NYS Transfer Tax Form Filing: $5
  • Flip Tax: Please check with the building.

NYC Transfer Tax

  • $499,999.99 and below is 1%
  • $500,000 and up is 1.425%
  • $3,000,000 and up is 1.425%

NYC Transfer Tax

  • $499,999.99 and below is $2 per $500 of conveyance price.
  • $500,000 and up is $2 per $500 of conveyance price.
  • $3,000,000 and up is $3.25 per $500 of conveyance price.
  • Buyer's Attorney: Consult your attorney.
  • Bank Fees: $550-$1000
  • Application Fee: $350-$650
  • Processing Fee: $330-$500
  • Appraisal Fee: $500-$2000
  • Credit Report Fee: $45-$100+
  • Bank Attorney: $650-$750
  • Lien Search: $350-$450
  • UCC-1 Filing Fee: $20-$40
  • Miscellaneous Co-op Charges: Varies by building.
  • Flip Tax: Please check with the building.

NYC Transfer Tax

  • $499,999.99 and below is 1%
  • $500,000 and up is 1.425%
  • $3,000,000 and up is 1.425%

NYS Transfer Tax

  • $499,999.99 and below is $2 per $500 of conveyance price.
  • $500,000 and up is $2 per $500 of conveyance price.
  • $3,000,000 and up is $3.25 per $500 of conveyance price.

Mansion Tax

  • $1,000,000 - $1,999,999 is 1%
  • $2,000,000 - $2,999,999 is 1.25%
  • $3,000,000 - $4,999,999 is 1.5%
  • $5,000,000 - $9,999,999 is 2.25%
  • $10,000,000 - $14,999,999 is 3.25%
  • $15,000,000 - $19,999,999 is 3.5%
  • $20,000,000 - $24,999,999 is 3.75%
  • $25,000,000 or more is 3.9%

Townhouse and Single Family

  • Broker: 6%
  • Seller's Attorney: Consult your attorney.
  • Pick-Up/Payoff Fee to Title Closer: $200-$500, consult your attorney.

NYC Transfer Tax

  • $499,999.99 and below is 1%
  • $500,000 and up is 1.425%
  • $3,000,000 and up is 1.425%

NYS Transfer Tax

  • $499,999.99 and below is $2 per $500 of conveyance price.
  • $500,000 and up is $2 per $500 of conveyance price.
  • $3,000,000 and up is $3.25 per $500 of conveyance price.
  • Buyer's Attorney: Consult your attorney.
  • Bank Fees: $750+
  • Application Fee: $350+
  • Processing Fee: $330+
  • Appraisal Fee: $500-$2000
  • Credit Report Fee: $45-$100+
  • Bank Attorney: $650-$1000
  • Recording Fees: $250-$750
  • Title Insurance: Variable by transaction

Mortgage Tax

  • $499,999.99 and below is 1.8%
  • $500,000 and up is 1.925%

NYC Transfer Tax

  • $499,999.99 and below is 1%
  • $500,000 and up is 1.425%
  • $3,000,000 and up is 1.425%

NYS Transfer Tax

  • $499,999.99 and below is $2 per $500 of conveyance price.
  • $500,000 and up is $2 per $500 of conveyance price.
  • $3,000,000 and up is $3.25 per $500 of conveyance price.

Mansion Tax

  • $1,000,000 - $1,999,999 is 1%
  • $2,000,000 - $2,999,999 is 1.25%
  • $3,000,000 - $4,999,999 is 1.5%
  • $5,000,000 - $9,999,999 is 2.25%
  • $10,000,000 - $14,999,999 is 3.25%
  • $15,000,000 - $19,999,999 is 3.5%
  • $20,000,000 - $24,999,999 is 3.75%
  • $25,000,000 or more is 3.9%

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