CLOSING COSTS FOR THE SELLER
| CONDOMINIUMS |
| Broker |
6% |
| Seller's Attorney |
$1,250 and up |
| Managing Agent Processing Fee |
$450-$650 and up |
| Move-out Deposit |
$500-$1,000 (usually refundable) |
| Bank Attorney |
$450+ |
| NYC Transfer Tax |
1% of price for purchases of $500,000 or less
1.425% of price for purchases over $500,000
(Paid by Seller, except sale by Sponsor)
|
| NYS Transfer Tax |
0.4% of price
(Paid by Seller, except sale by Sponsor)
|
| Title Fees |
Title and Recording Fee |
| Mortgage Satisfaction Fee |
$150-$300 |
| COOPERATIVES |
| Broker |
6% |
| Seller's Attorney |
$1,250 and up |
| Coop Attorney/Managing Agent |
$400-$600 |
| Flip Tax |
Varies |
| Stock Transfer Tax |
$0.05 per share |
| Move-out Deposit |
$500-$1,000 (refundable) |
| NYC Transfer Tax |
1% of price for purchases of $500,000 or less
1.425% of price for purchases over $500,000
(Paid by Seller, except sale by Sponsor)
|
| NYS Transfer Tax |
0.4% of price
(Paid by Seller, except sale by Sponsor)
|
| Payoff Bank Attorney |
$300 |
| UCC-3 Filing Fee |
$25 |
|
| © 2008 BOND NEW YORK, ALL RIGHTS RESERVED |
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All information presented on this site regarding real property, for sale, purchase, rental and/or financing is from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rentals or other conditions, prior sale, lease or financing or withdrawal without notice. Note: All dimensions and square footage are approximate for the most exact dimensions and square footage please hire your own architect or engineer.