Closing Costs

Condominiums

For the Seller
Broker : Typically 4-6%
Own Attorney : Consult your attorney
Processing fee : $450+
NYC Transfer Tax : Consult your attorney
Residential : Up to $500,000=1%
$500,000+=1.425%
Commercial : Up to $500,000=1.425%
$500,000+=2.625%
Admin. Fee : Non-Deed Transfer
(i.e,Co-ops) =$50
Residential Deed Transfers =$75
Commercial Deed Transfers = $165
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
Miscellaneous Condominium Charges: Vary by building Note: For condominiums in new developments, the Purchaser will pay costs normally paid by the seller. These include Seller attor-ney fees as well as NY and NYC Transfer Taxes.
For the Seller
Broker : Typically 4-6%
Own Attorney : Consult your attorney
Processing fee : $450+
NYC Transfer Tax : Consult your attorney
Residential : Up to $500,000=1%
$500,000+=1.425%
Commercial : Up to $500,000=1.425%
$500,000+=2.625%
Admin. Fee : Non-Deed Transfer
(i.e,Co-ops) =$50
Residential Deed Transfers =$75
Commercial Deed Transfers = $165
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
Miscellaneous Condominium Charges: Vary by building Note: For condominiums in new developments, the Purchaser will pay costs normally paid by the seller. These include Seller attor-ney fees as well as NY and NYC Transfer Taxes.

All information furnished herein is form sources deemed reliable.No representation is made as too the accuracy there of and it is Submitted subject to errors, omissions and change Without notice, We advise Parties to transactions to consult their own counsel for vertifiation of these costs.

CO-ops

For the Seller
Broker : Typically 4-6%
Own Attorney : Consult your attorney
Processing fee : $450+
NYC Transfer Tax : Consult your attorney
Residential : Up to $500,000=1%
$500,000+=1.425%
Commercial : Up to $500,000=1.425%
$500,000+=2.625%
Admin. Fee : Non-Deed Transfer
(i.e,Co-ops) =$50
Residential Deed Transfers =$75
Commercial Deed Transfers = $165
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
Miscellaneous Condominium Charges: Vary by building Note: For condominiums in new developments, the Purchaser will pay costs normally paid by the seller. These include Seller attor-ney fees as well as NY and NYC Transfer Taxes.
For the Seller
Broker : Typically 4-6%
Own Attorney : Consult your attorney
Processing fee : $450+
NYC Transfer Tax : Consult your attorney
Residential : Up to $500,000=1%
$500,000+=1.425%
Commercial : Up to $500,000=1.425%
$500,000+=2.625%
Admin. Fee : Non-Deed Transfer
(i.e,Co-ops) =$50
Residential Deed Transfers =$75
Commercial Deed Transfers = $165
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
Miscellaneous Condominium Charges: Vary by building Note: For condominiums in new developments, the Purchaser will pay costs normally paid by the seller. These include Seller attor-ney fees as well as NY and NYC Transfer Taxes.

All information furnished herein is form sources deemed reliable.No representation is made as too the accuracy there of and it is Submitted subject to errors, omissions and change Without notice, We advise Parties to transactions to consult their own counsel for vertifiation of these costs.

townhouses and single family homes

For the Seller
Broker : Typically 4-6%
Own Attorney : Consult your attorney
Processing fee : $450+
NYC Transfer Tax : Consult your attorney
Residential : Up to $500,000=1%
$500,000+=1.425%
Commercial : Up to $500,000=1.425%
$500,000+=2.625%
Admin. Fee : Non-Deed Transfer
(i.e,Co-ops) =$50
Residential Deed Transfers =$75
Commercial Deed Transfers = $165
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
Miscellaneous Condominium Charges: Vary by building Note: For condominiums in new developments, the Purchaser will pay costs normally paid by the seller. These include Seller attor-ney fees as well as NY and NYC Transfer Taxes.
For the Seller
Broker : Typically 4-6%
Own Attorney : Consult your attorney
Processing fee : $450+
NYC Transfer Tax : Consult your attorney
Residential : Up to $500,000=1%
$500,000+=1.425%
Commercial : Up to $500,000=1.425%
$500,000+=2.625%
Admin. Fee : Non-Deed Transfer
(i.e,Co-ops) =$50
Residential Deed Transfers =$75
Commercial Deed Transfers = $165
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
Miscellaneous Condominium Charges: Vary by building Note: For condominiums in new developments, the Purchaser will pay costs normally paid by the seller. These include Seller attor-ney fees as well as NY and NYC Transfer Taxes.

All information furnished herein is form sources deemed reliable.No representation is made as too the accuracy there of and it is Submitted subject to errors, omissions and change Without notice, We advise Parties to transactions to consult their own counsel for vertifiation of these costs.

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