Seller Closing Costs

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Hudson Valley Houses 

 

Own Attorney varies

NYS Transfer Tax .4% (.004) of purchase price if under $3M or 0.65% (.0065) of purchase price if equal to or over $3M

Payoff Bank Fees (if applicable) $250 + up

Managing Agent Fee $250 + up

Broker Commission 6% of purchase price

County Recording Fees $50-$200 

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NYC Condominium & Townhouse Ownership 

 

Own Attorney varies

NYC Real Property Transfer Tax 1% of purchase price if $500,000 or less

1.425% of purchase price if over $500,000

NYS Transfer Tax .4% (.004) of purchase price if under $3M or 0.65% (.0065) of purchase price if equal to or over $3M

Reserve Fund Contribution (if applicable) Determined by condominium board payable by buyer or seller as specified

Payoff Bank Fees (if applicable) $250 + up

Managing Agent Fee $250 + up

Move-Out Deposit $500 + up (usually refundable if no damage)

Move- Out Fee $250+ up (non-refunable)

Broker Commission 6% of purchase price

E Tax Filing (ACRIS) $50 – $200

NYS Capital Gains Tax Withholding 8.82% of gain

Non-US Resident (FIRPTA) 15% of purchase price withheld or paid

 

NYC Cooperative Ownership

 

Own Attorney varies

Stock Transfer Stamps $.05 per share

NYC Real Property Transfer Tax 1% of purchase price if $500,000 or less

1.425% of purchase price if over $500,000 

NYS Transfer Tax .4% (.004) of purchase price if under $3M or 0.65% (.0065) of purchase price if equal to or over $3M

UCC-3 Filing $75 – $125

Flip Tax (if applicable) Determined by co-operative building

Payoff Bank Attorney (if applicable) $600 – $1,000

Managing Agent Fee $500 + up

Move-Out Deposit $500 – $1,000 (usually refundable if no damage)

Move- Out Fee $250+ up (non-refunable)

Broker Commission 6% of purchase price

Estate Fees Co-op may impose additional fees for estate sales

Lost Stock and Lease Fees $250 + up, if applicable

E Tax Filing (ACRIS) $50 + up

NYS Capital Gains Tax Withholding 8.82% of gain

Non-US Resident (FIRPTA) 15% of purchase price withheld or paid