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Anticipated Seller Closing Costs

Anticipated Seller Closing Costs

For Co-op Sales:

  • Broker commission: Typically 5-6% of sale price
  • Attorney fees: $2,500-$5,000
  • NYC transfer tax: 1% of price over $500,000
  • NYS transfer tax: 0.4% of sale price
  • Flip tax: 1-3% of sale price (if applicable)
  • Move-out deposit/fee: Varies by building
  • UCC-3 filing fee (to release lien): $100-$200
  • Payoff attorney fee (if applicable): $300-$650

 

For Condo Sales:

  • Broker commission: Typically 5-6% of sale price
  • Attorney fees: $2,500-$5,000
  • NYC transfer tax: 1% of price over $500,000
  • NYS transfer tax: 0.4% of sale price
  • Managing agent processing fee: $500-$1,000
  • Move-out deposit/fee: Varies by building
  • Title company fees: $1,000-$2,000

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