Service

NYC Closing Costs

  • Condominiums
  • Co-ops
For the Seller
  • Broker:
  • Typically 6% of purchase price
  • Own Attorney:
  • Consult your attorney
  • Co-op Attorney:
  • $450+
  • Flip Tax:
    Transfer Tax:
  • Typically 1% to 3% of price (if applicable)
    $0.05 per share
  • Move-out Deposit:
  • Varies by building 1
  • NYC Transfer Tax:
  • 1% of price up to $500,000; or 1.425% of price if > $500,000
  • NY State Transfer Tax:
  • $4 per $1,000 of price
  • Pick-up / Payoff Fee:
  • $250-$500
  • UCC-3 Filing Fee:
  • $100
  • Miscellaneous Co-op Charges:
  • Vary by building
For the Purchaser
  • Buyer’s Attorney:
  • Consult your attorney
  • Bank Fees:
  • $350-$750
  • Application Fee:
  • $350
  • Processing Fee:
  • $280
  • Appraisal Fee:
  • $300-$1,500 (depending on sales price)
  • Credit Report Fee:
  • $9.80 single/$14.60 joint
  • Bank Attorney:
  • $750-$850
  • Lien Search:
  • $250-$350
  • UCC-1 Filing Fee:
  • $100
    1% of entire purchase price where price is > $1,000,000
Additional Real Estates Expenses
  • Miscellaneous Co-op Charges:
  • Vary by building
  • Recognition Agreement Fee:
  • $200+
  • Maintenance Adjustment:
  • Pro-rated for the month of closing
  • Short Term Interest:
  • Equal to interest for balance of month in which you close
For the Seller
  • ********Broker:
  • Typically 6% of purchase price
  • Own Attorney:
  • Consult your attorney
  • Co-op Attorney:
  • $450+
  • Flip Tax:
    Transfer Tax:
  • Typically 1% to 3% of price (if applicable)
    $0.05 per share
  • Move-out Deposit:
  • Varies by building 1
  • NYC Transfer Tax:
  • 1% of price up to $500,000; or 1.425% of price if > $500,000
  • NY State Transfer Tax:
  • $4 per $1,000 of price
  • Pick-up / Payoff Fee:
  • $250-$500
  • UCC-3 Filing Fee:
  • $100
  • Miscellaneous Co-op Charges:
  • Vary by building
For the Purchaser
  • Buyer’s Attorney:
  • Consult your attorney
  • Bank Fees:
  • $350-$750
  • Application Fee:
  • $350
  • Processing Fee:
  • $280
  • Appraisal Fee:
  • $300-$1,500 (depending on sales price)
  • Credit Report Fee:
  • $9.80 single/$14.60 joint
  • Bank Attorney:
  • $750-$850
  • Lien Search:
  • $250-$350
  • UCC-1 Filing Fee:
  • $100
    1% of entire purchase price where price is > $1,000,000
Additional Real Estates Expenses
  • Miscellaneous Co-op Charges:
  • Vary by building
  • Recognition Agreement Fee:
  • $200+
  • Maintenance Adjustment:
  • Pro-rated for the month of closing
  • Short Term Interest:
  • Equal to interest for balance of month in which you close