Closing Costs

Seller Closing Costs in NYC

(Always review with your attorney)

CONDO

• Broker: Typically 6%
• Own Attorney: Varies
• Processing Fee: $450+
• Move-out Deposit/Fee: Varies
• NYC Transfer Tax:
• Up to $500,000 = 1%
• $500,000+ = 1.425%

Admin. Fee

• Residential Deed Transfers= $75
• NY State Transfer Tax: $4 per $1,000 of price
• NYS Equalization Fee: $75
• Pick-up/Payoff Fee: $250-$500
• UCC-3 Filing Fee: $100

COOP

• Broker: Typically 6%
• Own Attorney: Varies
• Co-op Attorney: $450+
• Flip Tax: Typically 1% to 3%
• Stock Transfer Tax: $0.05 per share
• Move-out Deposit/Fee: Varies
• NYC Transfer Tax:
• Up to $500,000 = 1%
• $500,000+ = 1.425%

Admin. Fee

• Non-Deed Transfers=$50
• NY State Transfer Tax: $4 per $1,000 of price
• NYS Equalization Fee: $75.00
• Pick-up / Payoff Fee: $250-$500
• UCC-3 Filing Fee: $100