Estimated Closing Costs
Warburg Realty - A Higher Standard Since 1896
Co-operative Apartments
Seller
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%

Buyer
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

Condominiums / Townhouses
Seller
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%

Buyer
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).

All costs subject to change. Information shown for illustrative purposes only. For specific information, please visit your financial consultant.
ALL INFORMATION IS FROM SOURCES DEEMED RELIABLE BUT IS SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, PRIOR SALE OR WITHDRAWAL WITHOUT NOTICE. NO REPRESENTATION IS MADE AS TO ACCURACY OF ANY DESCRIPTION. ALL MEASUREMENTS AND SQUARE FOOTAGE ARE APPROXIMATE AND ALL INFORMATION SHOULD BE CONFIRMED BY CUSTOMER. ALL RIGHTS TO CONTENT, PHOTOGRAPHS AND GRAPHICS RESERVED TO BROKER. AS THE EXCLUSIVE AGENT, WARBURG REALTY REPRESENTS THE SELLER OF THE PROPERTY.
©2008 Warburg Realty Partnership, Ltd. All Rights Reserved.
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