sellers

Closing Costs for Sellers

This is a general guideline to closing costs. Consult your attorney for complete break out of the costs.

Condominiums & Townhouses 

For the Seller 

Own Attorney: 200 and up (Flat fee or hourly Fee)
Application Fees: $250 & up
NYC Transfer Tax: Up to $500,000 = 1%,  $500,000+ = 1.425%
NY State Transfer Tax: $4 per $1,000 of price
Miscellaneous Title Fees & Bank Payoff Fees: $200-$500
Broker Commission: 6%

Co-ops 

For the Seller 

Own Attorney: 200 and up (Flat fee or hourly Fee)
Application Fees: $250 & up
NYC Transfer Tax: Up to $500,000 = 1%,  $500,000+ = 1.425%
NY State Transfer Tax: $4 per $1,000 of price
Flip Tax: Typically: 1% to 3% of price (if applicable)

Stock Transfer Tax: $0.05 per share
Bank Payoff Fees: $200-$500 (if applicable)