CLOSING COSTS: SELLERS

CONDOMINIUMS

Seller's Attorney: $2,500 - $3,000
Application and Processing Fees: $500 - $1,000
UCC-3 Filing Fee: $100

Brokerage Commission: 6%
NYC Transfer Tax: 1% of purchase price under $500k, or 1.425% over $500k
NYS Transfer Tax: 0.4% of purchase price for all purchases under $3MM, 0.65% for purchase over $3MM

CO-OPERATIVES

Seller's Attorney: $2,500 - $3,000
Application and Processing Fees: $500 - $1,000
UCC-3 Filing Fee: $100

Brokerage Commission: 6%
NYC Transfer Tax: 1% of purchase price under $500k, or 1.425% over $500k
NYS Transfer Tax: 0.4% of purchase price for all purchases under $3MM, 0.65% for purchase over $3MM

Co-op “Flip Tax” or Transfer Fee: 0-2% (varies at each co-op)

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