Tag Archives: Closing Costs

Closing Costs for NYC Property

For the Seller:

Coops,Condos,residential 1-4 family
Brokerage Commission negotiable
NYC Transfer tax:
1% of price for purchases up to $500,000
1.425% of price for purchases over $500,000
NYS Transfer tax
$2 per $500.00 of sales price
Attorney fee $1500 and up
Flip tax (depends on building) 0-5% COOPS*** Continue reading Closing Costs for NYC Property