Closing Costs For Buyers

For Condominiums:

Broker

 

Seller's Attorney 

 

Managing Agent Fee

 

Move-out Deposite

 

New York City Transfer Tax:

 

 

New York State Transfer Tax:

 

Miscellaneous Title fees:

 

Payoff Bank Attorney:

 

 

 

6% of the selling price

 

$ 1,500 - $ 5,000 +

 

$ 450 +

 

$ 500 - $ 1000  (Sometimes re-funded)

 

1% of selling price up to $ 500,000 And 1.425% of price over $ 500,001 (Paid by the seller unless the seller is a sponsor or developer)

 

0.4% (paid by seller, unless the seller is a sponsor or developer)

 

$ 100

 

$ 300

For Co-operatives

Broker:

 

Seller's Attorney:

 

Co-op Attorney:

 

Flip tax: 

 

 

Stock transfer tax: 

 

Move-out Deposite:

 

New York City Transfer Tax:

 

 

New York State Transfer Tax:

 

Payoff Bank Attorney:

 

UCC-3 Filing Fee:

 

 

6% of the selling price

 

$ 1,250 - $ 5,000 +

 

$ 450

 

Varies from building to building (1% -3% of the selling price) paid to the building usually to beef up their cash reserves.

 

$ 0.05 per share

 

$ 500 + (sometimes re-funded)

 

$ 1% of price up to $ 500,000.00, AND 1.425% of the selling price over $ 500,001.00 (paid by the seller, except a Sponsor.) + $ 25.00 recording fee

 

0.4 %

 

$ 300

 

$ 20

 

PLEASE NOTE: The above are estimates, and all information is subject to changes, omissions and errors in fact or circumstance