Seller's Closing Costs

Estimated Expenses

The following costs are approximate and should only be used as a guide.


Condominium Closing Costs


New York City transfer tax filing fee $50 and:
Sales up to $500,000 1% of price
Sales over $500,000 1.425% of price
New York State transfer tax 0.4% of price
New York State equalization fee $75
Seller's attorney $2,500
Mortgage pick-up/payoff fee $300-$500
Managing agent fee (processing fees) $650
Move-out deposit $1,000
Move-out fee $500
Title charges $150-$250
UCC-3 filing fee $100
Broker fee 6%

Co-op Closing Costs


New York City transfer tax filing fee $50 and:
Sales up to $500,000 1% of price
Sales over $500,000 1.425% of price
New York State transfer tax 0.4% of price
New York State equalization fee $75
Seller's attorney $2,500
Co-op flip tax Varies by building
Stock transfer tax $0.05 per share
Mortgage pick-up/payoff fee $100-$650
Managing agent fee (processing fees) $650
Move-out deposit $1,000
Move-out fee $500
UCC-3 filing fee $100
Broker fee 6%

1-4 Family House Closing Costs


New York City transfer tax filing fee $50 and:
Sales up to $500,000 1% of price
Sales over $500,000 1.425% of price
New York State transfer tax 0.4% of price
New York State equalization fee $75
Seller's attorney $2,500
Residential deed transfer fee $75
Mortgage pick-up/payoff fee $300-$500
Misc. title fees $200-$500
Broker fee 6%