Sellers typically pay the broker commission, attorney fees, and New York City/State transfer taxes. Exact amounts depend on price and property type (condo, co-op, or townhouse). I’ll walk you through a precise estimate for your specific home before we list.
Broker | 6% |
Seller's Attorney | Consult your attorney |
Processing Fee (Board Package) | $600+ |
Miscellaneous Condo Charges | Varies by building |
Satisfaction Fee | $200+ (in all counties except Nassau) |
Satisfaction Fee (Nassau) | $500+ |
Escrow Service | $200-$500, consult your attorney |
Pick-Up/Payoff Fee to Title Closer | $50 per Escrow (if applicable) |
Recording Service | $25 per document (if applicable) |
Property Type | NYC RPT | NY State Transfer Tax1 |
|---|---|---|
Residential Unit | 1% | $2 per $500 of conveyance price |
Residential Units | 1.425% | $2 per $500 of conveyance price |
Residential Units | 1.425% | $3.25 per $500 of conveyance price |
Commercial Properties and Vacant Land | 1.425% | $2 per $500 of conveyance price |
Commercial Properties and Vacant Land | 2.625% | $2 per $500 of conveyance price |
Commercial Properties and Vacant Land | 2.625% | $3.25 per $500 of conveyance price |
Maintenance Adjustment | Pro-rates for the month closing |
Short-term interest | Equal interest for the balance of month in which you close |
Carrying costs until closing | Loan payoff, if applicable |
Real Estate Tax Adjustment | Prorate based on tax period |
