sellers

Closing Costs for Sellers

This is a general guideline to closing costs. Consult your attorney for complete break out of the costs.

Condominiums

For the Seller
     
  • Own Attorney: 1600 and up Flat fee or hourly Fee Processing Fee: $450+
  • NYC Transfer Tax: Up to $500,000 = 1%
  • Residential: $500,000+ = 1.425%
  • NY State Transfer Tax: $4 per $1,000 of price
  • NYS Equalization Fee: $75
  • Miscellaneous Title Fees: $200-$500
  • Pick-up/Payoff Fee to Title Closer: $100-$300

Co-ops

For the Seller
     
  • Own Attorney: 1600 and up Flat fee or hourly Fee
  • Co-op Attorney: $450+
  • Flip Tax: Typically 1% to 3% of price (if applicable)
  • Stock Transfer Tax: $0.05 per share
  • NYC Transfer Tax: Up to $500,000 = 1%
  • Residential: $500,000+ = 1.425%
  • NY State Transfer Tax: $4 per $1,000 of price
  • NYS Equalization Fee: $75.00
  • Pick-up / Payoff Fee: $250-$500
  • UCC-3 Filing Fee: $100

Townhouses and Single Family Homes

For the Seller
     
  • Own Attorney: 1600 and up Flat fee or hourly Fee
  • NYC Transfer Tax: Up to $500,000 = 1%
  • Residential: $500,000+ = 1.425%
  • NY State Transfer Tax: $4 per $1,000 of price
  • NYS Equalization Fee: $75
  • Miscellaneous Title Fees: $200-$500
  • Pick-up / Payoff Fee to Title Closer: $100-$300