Costs of Selling CONDO
Broker Commission: 6% depending upon size and marketing
Attorney: Consult your attorney
Processing Fee $450+
Move-out Deposit: One time fee of $500+
Bank Attorney: $450+
NYC Transfer Tax: 1% of price up to $500,000 or 1.425% of price if $500,000 and over.
Plus $25 administrative fee.
NY State Transfer Tax: $2 per $500 of price, or 0.4% of purchase price
Miscellaneous Title Fees: $200
Payoff Fee to Title Closer: $300+
Cost of Selling a COOP
Broker Commission: 6%
Own Attorney: Consult your attorney
Co-op Attorney: $450
Flip Tax: 1% to 3% of Price (if applicable)
Stock Transfer Tax: $0.05 per share
Move-out Deposit: One time fee of $500+
NYC Transfer Tax: 1% of price up to $500,000 or 1.425% of price if $500,000 and over.
Plus $25 administrative fee
NY State Transfer Tax: $2 per $500 of price, or 0.4% of purchase price
Payoff Fee to Title Closer: $350
UCC-3 Filing Fee: $30