Closing Costs

Broker: ~6%

Payoff Bank Fees: $500 - $1,000

Your Attorney Consult your attorney:  ~$2,500 - $5,000+

Co-op's Attorney/Managing Agent Closing Fee:  $400 - $1,000
Move-out Deposit:  Varies by co-op, typically $500 - $1,000 (refundable)
Move-out Fee: $500 - $1,500 (non-refundable)
Admin Fee:  $250 - $1,000
Flip Tax or Transfer Tax:  Refer to managing agent (typically 1 - 3% of price or $ per share)
NY Stamp Tax:  $0.05/share

Residential NYC Transfer Tax:

1% if purchase price is < $500,000
1.425% if purchase price is > $500,000+

Progressive NY State Transfer Tax:

0.4% for Residential transactions < $3M
0.65% for Residential transactions > $3M

Transfer Tax Filing Fee: $100
UCC-3 Filing Fee: $125

Consult your attorney: (~$2,500-$5,000+)

Payof Bank Fees: $500-$1,000

Residential NYC Transfer Tax: up to $500,000 $500,000+

1% 1.425%, plus fling fee of $100

NY State Transfer Tax:  0.4% of purchase price
Transfer Tax Filing Fee: $100
UCC-3 Filing Fee: $125