212.864.4555

Sales

Seller Closing Costs
Co-operative Apartments

For The Seller
  • Real Estate Attorney:
  • $1,500 – $3,000+
  • New York City (NYC) Real Property Transfer Tax:
  • 1% of purchase price if $500,000 or less; 1.425% of purchase price if over $500,000
  • New York State (NYS) Transfer Tax:
  • 0.4% of purchase price
  • Flip Tax (if applicable):
  • Set by the Co-operative Board of Directors
  • Brokerage Commission:
  • 6% of purchase price
  • Managing Agent Processing Fee:
  • $250 – $750+
  • Move-Out Deposit / Fee:
  • $500 – $1,000+ (varies by building)
  • Payoff Bank Fees (if applicable):
  • $400 – $600+
  • Non-US Resident (FIRPTA):
  • 10% of purchase price withheld
  • Miscellaneous:
  • Stock transfer tax, lost stock & lease fees, UCC-3 & other filing fees, Co-op charges, etc.