Attorney Fees
Seller’s Attorney $1,500 - $5,000 +
Payoff Bank Attorney $300
Brokers Commission
Building
Managing Agent fee $450 +
Move-out deposit $500 - $1,000 (sometimes re-funded)
Miscellaneous Title fees $100
Taxes
New York City Transfer Tax
1% of selling price up to $500,000
1.425% of price over $500,001
(Paid by the seller unless the seller is a sponsor or developer)
New York State Transfer Tax
0.4% (paid by seller, unless the seller is a sponsor or developer)
Seller’s Attorney $1,500 - $5,000 +
Payoff Bank Attorney $300
Brokers Commission
Building
Managing Agent fee $450 +
Move-out deposit $500 - $1,000 (sometimes re-funded)
Miscellaneous Title fees $100
Taxes
New York City Transfer Tax
1% of selling price up to $500,000
1.425% of price over $500,001
(Paid by the seller unless the seller is a sponsor or developer)
New York State Transfer Tax
0.4% (paid by seller, unless the seller is a sponsor or developer)
Attorney Fees
Seller’s Attorney $1,250 - $5,000 +
Co-op Attorney $450
Payoff Bank Attorney $300
Brokers Commission
Building
Move-Out deposit $500 + (sometimes re-funded)
UCC-3 Filing Fee $20
Taxes
New York City Transfer Tax
1% of price up to $500,000
1.425% of the selling price over $500,001
(paid by the seller, except a Sponsor) + $25 recording fee
Flip Tax
Varies from building to building (1% -3% of the selling price)
paid to the building usually to beef up their cash reserves.
Stock Transfer Tax $0.05 per share
Seller’s Attorney $1,250 - $5,000 +
Co-op Attorney $450
Payoff Bank Attorney $300
Brokers Commission
Building
Move-Out deposit $500 + (sometimes re-funded)
UCC-3 Filing Fee $20
Taxes
New York City Transfer Tax
1% of price up to $500,000
1.425% of the selling price over $500,001
(paid by the seller, except a Sponsor) + $25 recording fee
Flip Tax
Varies from building to building (1% -3% of the selling price)
paid to the building usually to beef up their cash reserves.
Stock Transfer Tax $0.05 per share
Condominiums
Cooperatives
PLEASE NOTE: The above are estimates, and all information is subject to changes, omissions and errors in fact or circumstance
