TYPICAL NEW YORK CITY COOPERATIVE AND CONDOMINIUM CLOSING COSTS FOR SELLER
| Typical Co-Op Closing Costs | Typical Condo Closing Costs |
| FOR THE SELLER | FOR THE SELLER |
| Broker: Typically 6% depending upon size and marketing | Broker: Typically 6% depending upon size and marketing |
| Own Attorney: Consult your attorney | Own Attorney: Consult your attorney |
| Co-op Attorney: $500+ | Processing Fee: $450+ |
| Flip Tax: 1% to 3% of Price (if applicable) | Move-out Deposit: One time fee of $500+ (if applicable) |
| Stock Transfer Tax: $0.05 per share (if applicable) | NYC Transfer Tax: 1% of price up to $499,999; or, 1.425% of price if $500,000 and over; RPT filing fee $125. |
| Move-out Deposit: One-time fee of $500+ (if applicable) | NY State Transfer Tax: $2 per $500 of price, or 0.4% of purchase price. |
| NYC Transfer Tax: 1% of price up to $499,999; or, 1.425% of price if $500,000 and over; plus $100 filing fee. | Miscellaneous Title Fees: $200 |
| NY State Transfer Tax: $2 per $500 of price or 0.4% of purchase price. | Payoff Fee to Title Closer: $300+ |
| Payoff Fee to Attorney: $400+ | |
| UCC-3 Filing Fee: $75+ | Note: For condominiums in new developments, the Purchaser will pay costs normally paid by the Seller. These include Seller attorney fees as well as NY and NYC Transfer Taxes. |