Closing Costs For Cooperatives - Purchaser

 

Consult attorney, $2500 & UP
Points (0 TO 3%)
$600+
$650+
$500+
$300
$100
$200
$500+ DEPENDING ON PRICE.
$500/$1000+
PRORATED MONTH OF CLOSING
1% OF ENTIRE PURCHASE IF OVER $1,000,000

 

Attorney
Bank Fees
Application, Credit Check, etc.
Bank Attorney
Miscellaneous Bank Fees
Lien Search
UCC-1 Filing
Recognition Agreement Fee
Appraisal
Move-In Fee/Deposit
Maintenance AdjustmenT
Mansion Tax

 

Please note that these are estimates and that potential buyers should consult their real estate attorney or financial advisor for specifics.


Closing Costs for Cooperatives - Seller

CONSULT ATTORNEY, $2500 & UP
6% of sales price
1% to 3% of sales price (if Applicable)
$.05 per share


NYC 1% of price up to $500,000; 1.425% of price over $500,00


.4% of sales price (or .004)
$450
$500 - $750
$500/$1000
$450
$50

To be advised by accountant or real estate attorney

ATTORNEY
Broker commision
Flip Tax
Stock transfer tax


NYC Real Property transfer Tax

 

NYS Transfer Tax
Coop attorney
Stock & Lease Fees
Move-Out Fee/Deposit
Payoff bank attorney
E Tax Filing (Acris)
Capital Gains

 

Please note that these are estimates and that potential buyers should consult their real estate attorney or financial advisor for specifics.


Closing Costs For Condominiums - Seller

 

Broker’s Commission
Attorney
Consult Attorney Processing fee
Move out fee/deposit
Bank Attorney

NYS Transfer Tax


NYC Transfer Tax


Miscellaneous Fees
Pay Off Fee – Title Closer
Common Charge Adjustment
Real Estate Tax Adjustment
Capital Gains

6%
$2500, PLUS
$500+
APPROX. $500 FEE/$1000 DEPOSIT
$500+

1% OF PRICE UP TO $500K, OR 1.425% OF PRICE OF $500K AND OVER, PLUS A $25 ADMINISTRATION FEE.

.4% OF PURCHASE PRICE OR $4 PER $1,000 OF PURCHASE PRICE

$275+
$300+
PRO-RATED FOR THE MONTH OF CLOSING
1 TO 6 MONTHS
CONSULT YOUR ATTORNEY

 

Please note that these are estimates and that potential buyers should consult their real estate attorney or financial advisor for specifics.


Closing Costs For Condominiums - Purchaser

 

Attorney
Bank Fees/Points
Application, Credit Check, etc.
Appraisal
Bank Attorney
Recording Fees

Mortgage Tax

 

$2500, PLUS– CONSULT ATTORNEY
0% TO 3% OF LOAN VALUE (IF APPLICABLE)
$500+
APPROX. $500
$500+
APPROX. $300

2.05% OF AMOUNT OF MORTGAGE UNDER $500,000; OR 2.175% AMOUNT OF MORTGAGE ON LOAN $500,000 AND OVER. (IF APPLICABLE)

FEE TITLE INSURANCE
MORTGAGE TITLE INSURANCE
MUNICIPAL SEARCH
MANAGING AGENT FEE
COMMON CHARGE ADJUSTMENT
REAL ESTATE TAX ADJUSTMENT
SHORT TERM INTEREST
TAX ESCROWS
MANSION TAX

APPROX. $450 PER $100,000
APPROX. $200 PER $100,000 (IF APPLICABLE)
$275+
$250+
PRO-RATED FOR THE MONTH OF CLOSING
1 TO 6 MONTHS
ONE MONTH
2 – 6 MONTHS
1% OF ENTIRE PURCHASE PRICE OF $1,000,000 OR MORE



FOR NEW DEVELOPMENTS, THE PURCHASER MAY PAY COSTS NORMALLY PAID BY THE SELLER. THESE
CAN INCLUDE THE NYC AND NYS TRANSFER TAXES (1.825%) AS WELL AS SELLER ATTORNEY FEES.

 

Please note that these are estimates and that potential buyers should consult their real estate attorney or financial advisor for specifics.


Mortgage calculator

Please note that these are estimates and that potential buyers should consult their financial advisor and mortgage broker/banker for specifics.