See our closing cost estimation for the seller.
Closing cost estimates for the seller.
| Fee | Estimated Cost | |
|---|---|---|
| Broker Commission | Broker | ~6% |
| Bank | Payoff Bank Fees | $300 - $1,000 |
| Attorney | Your Attorney | Consult your attorney ~$2,500 - $5,000+ |
| Building | Managing Agent Closing Fee | $500 - $1,000 |
| Move-out Fee | $500+ | |
| Move-out Deposit | $500 - $1,500 (refundable) | |
| Government | Residential NYC Transfer Tax* | 1% if purchase price is < $500,000 |
| 1.425% if purchase price is > $500,000+ | ||
| Progressive NY State Transfer Tax* | 0.4% for Residential transactions < $3M | |
| 0.65% for Residential transactions > $3M | ||
| UCC-3 Filing Fee | $125 | |
| Recording & Closing | Pick up/Payoff Fee to Title Closer | ~$250 - $500 |
Closing cost estimates for the seller.
| Fee | Estimated Cost | |
|---|---|---|
| Broker Commission | Broker | ~6% |
| Bank | Payoff Bank Fees | $500 - $1,000 |
| Attorney | Your Attorney | Consult your attorney ~$2,500 - $5,000+ |
| Building | Co-op's Attorney/Managing Agent Closing Fee | $400 - $1,000 |
| Move-out Deposit | Varies by co-op, typically $500 - $1,000 (refundable) | |
| Move-out Fee | $500 - $1,500 (non-refundable) | |
| Government | Admin Fee | $250 - $1,000 |
| Flip Tax or Transfer Tax | Refer to managing agent (typically 1 - 3% of price or $ per share) | |
| NY Stamp Tax | $0.05/share | |
| Government | Residential NYC Transfer Tax | 1% if purchase price is < $500,000 |
| 1.425% if purchase price is > $500,000+ | ||
| Progressive NY State Transfer Tax | 0.4% for Residential transactions < $3M | |
| 0.65% for Residential transactions > $3M | ||
| Transfer Tax Filing Fee | $100 | |
| UCC-3 Filing Fee | $125 |
With a winning approach that includes both endless patience and tenacious negotiation skills, Erez is known putting his clients at ease, educating them on the complex New York City market and helping people with the most significant purchase of their lives.
Contact TodayCompass
90 5th Avenue, New York, NY 10011
