| Fee | Estimated Cost | |
|---|---|---|
| Transfer Taxes |
New York State Transfer Tax
New York City Transfer Tax
Transfer Tax Preparation Fee (Paid to Title Company)
|
0.4% of Purchase Price
Sales Price of $500K or Less: 1.0% of Purchase Price
Sales Price of Greater Than $500K: 1.425% of Purchase Price
$150–$200
|
| Condominium Specific Closing Fees |
Application/Waiver Fee
Power of Attorney Recording Fee
Satisfaction of Mortgage Recording Fee
Title Closer Mortgage Pick-Up Fee
|
$500–$1,000
$150
$100 per Mortgage
$250 per Mortgage
|
| Cooperative Specific Closing Fees |
Flip Tax
Stock Transfer Stamps
Transfer Agent Fee
Transfer Tax Filing Fee
Mortgage Payoff Bank Attorney Fee
UCC-3 Termination Filing Fee
|
Specific to Individual Building
$0.05 per Share
$750–$1,000
$100
$400–$500 per Mortgage
$75–$125 per Mortgage
|
| Additional Costs |
Broker’s Commission
Attorney’s Fees
Move-Out Fee (Non-Refundable)
Move-Out Deposit (Refundable)
|
6% of Purchase Price
$3,000 and Up
$500–$1,000
$500–$1,000
|
| Fee | Estimated Cost | |
|---|---|---|
| Transfer Taxes |
New York State Transfer Tax
New York City Transfer Tax
Transfer Tax Preparation Fee (Paid to Title Company)
|
Sales Price of less than $3M: 0.4% of Purchase Price
Sales Price of $3M or more: 0.65% of Purchase Price
Sales Price of $500K or Less: 1.0% of Purchase Price
Sales Price of Greater Than $500K: 1.425% of Purchase Price
$150–$200
|
| Additional Costs |
Broker’s Commission
Attorney’s Fees
|
6% of Purchase Price
$3,000 and Up
|