closing cost estimates for the seller
Consult your attorney: $2,500—$5,000+
Payoff Bank Fees: $500—$1,000
Co-op's Attorney/Managing Agent Closing Fee: $400—$1,000
Move-out Deposit: varies by co-op, typically $500—$1,000 (refundable)
Move-out Fee: $500—$1,500 (non-refundable)
Admin Fee: $250—$1,000
Flip Tax or Transfer Tax: refer to managing agent
NY Stamp Tax: $0.05/share
Residential NYC Transfer Tax:
1% if purchase price is < $500,000
1.425% if purchase price is > $500,000+
Progressive NY State Transfer Tax:
0.4% for Residential transactions < $3M
0.65% for Residential transactions > $3M
Transfer Tax Filing Fee: $125
UCC-3 Filing Fee: $125
Listing Broker: Per your listing agreement
Seller Broker: Per your listing agreement
*The figures provided are general estimates and not guaranteed. Fees may vary based on a variety of factors. This information is provided without warranty, and you are encouraged to consult your attorney to discuss your specific situation and verify costs.
With careful consideration of each client's needs, Ria strives for a streamlined process to both buying, selling and renting real estate in New York City, with particular expertise in Brooklyn townhomes, Manhattan apartments and the co-op board application process. With the best resources and connections within the real estate industry, every client at every price-point receives high-touch service tailored to their needs.