Estimated Closing Costs

Seller's Attorney: $2,500
Managing Agent Fee: $450 and up
Co-op Attorney: $450 and up
Flip Tax (if any): Consult Managing Agent
Stock Transfer Tax: $.05 per share
Move-out Deposit or Fee: $1,000 and up
New York City Transfer Tax: 1% of purchase price up to $500,000; 1.425% of entire purchase where price exceeds $500,000
New York State Transfer Tax: .4% (.004) of price
Payoff Bank Attorney: $450 and up
UCC-3 Filing Fee: $70
Broker: 6%
Purchaser's Attorney: $2,500
Bank Fees: Points 0-2.5%
Application, credit, appraisal, bank attorney and misc. $1,600 Short-Term Interest: One month max*
Move-In Deposit or Fee: $1,000 and up
Managing Agent or Co-op Attorney: (Recognition Agreement Fee) $600
Lien Search: $300
UCC-1 Filing Fee: $70 and up
Maintenance Adjustment: One month max*
Mansion Tax: 1% of entire price when price is equal to or greater than $1,000,000


*Prorated for month of closing

Seller's Attorney: $2,500
Managing Agent Fee: $450 and up
Move-out Deposit or Fee: $1,000
New York City Transfer Tax: 1% of purchase price up to $500,000; 1.425% of entire purchase where price exceeds $500,000
New York State Transfer Tax: .4% (.004) of price
Miscellaneous Title Company Fees: (if Seller has mortgage) $200
Payoff Bank Attorney: $450 and up
Broker: 6%
Purchaser's Attorney: $2,500
Bank Fees: Points 0-2.5%
Application, credit, appraisal, bank attorney and misc. $1,600
Short-Term Interest: One month max*
Real Estate Tax Escrow: 2-8 months**
Recording Fees: $200
Mortgage Tax: 1.8% of amount of mortgage on loans up to $500,000;
1.925% of entire amount on loans over $500,000
Owner's Title Insurance: $436 per $100,000 of purchase price
Mortgage Title Insurance: $364 per $100,000 of mortgage amount on purchase only
Searches (Bankruptcy, Title, Municipal, Violation): $750
Managing Agent Fee: $450 and up
Move-In Deposit or Fee: $1,000 and up
Adjustments: Common Charges - one month max*
Real Estate Taxes - 1 to 3 months**
Mansion Tax: 1% of entire price when price is equal to or greater than $1,000,000


**Expect to pay additional Real Estate Taxes - combined between Seller as an adjustment and escrow established by Lender.

Note: When purchasing a condominium from a Sponsor, the Purchaser will be required to pay New York City and New York State Transfer Taxes, as well as the Sponsor's attorney's fee (typically around $1000).