Sales Guides

Co-ops

For the Seller

Broker: Usually 6% depending on the size and Marketing.

Attorney: Consult your own attorney

Co-op Attorney:$450.00+

Flip Tax:1% to 3% of Price (if applicable)

Stock Transfer Tax:$ 0.05 per share

Move-out Deposit:One time fee of $500.00+

NYC Transfer Tax:1% of price up to $500,000.00: or, 1,425% of price if $500,000.00 and over plus $25.00 administrative fee.

NY State Transfer Tax: $2.00 per $500.00 of price, or 0.4% of purchase price

Payoff Fee to Title Closer:$350

UCC-3 Filing Fee:$30

For the Buyer

Attorney:Consult your attorney

Bank Fees:Points: 0% to3% of loan value

Application, credit check, etc.:$500+

Bank Attorney:$450+

Lien Search:$300

UCC-1 Filing:$20

Appraisal Fee:$300+

Application Fee (Credit Report/Appraisal): $500 Short Term Interest Equal to interest for balance month in which you close

Move-in Deposit:One time fee of $500+

Recognition Agreement Fee:$200+

Maintenance Adjustment:Pro-rated for the month of closing

Mansion Tax:1% of entire purchase price when price is $1,000,000 or more.

seller

Condominiums

For the Seller

Broker: Usually 6% depending on the size and Marketing.

Attorney: Consult your own attorney

Processing Fee: $450+

Move-out Deposit: One time fee of $500.00+

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: $2.00 per $500.00 of price, or 0.4% of purchase price

Miscellaneous Title Fees: $200

Payoff Fee to Title Closer: $300+

For the Buyer

Attorney:Consult your own attorney

Bank Fees: Points:0% to3% of loan value

Application Fee:(Credit Report, Appraisal) $500+

Bank Attorney:$450+

Short Term Interest:One month

Tax Escrows:2 to 6 months

Recording Fees:$300

Mortgage Tax:1.75% of amount of mortgage on loans under $500,000; or, 1.875% of amount of mortgage on loans of $500,000 and over

Fee Title Insurance:Approx. $450 per $100,000

Mortgage Title Insurance:Approx. $200 per $100,000

Municipal Search: $275+

Managing Agent Fee:$250+

Common Charge Adjustment: Pro-rated for the month of closing

Real State Tax Adjustment: 1 to 6 months

Mansion Tax: 1% of entire purchase price Where price is $1,000,000 or more.

Move-in Deposit:One time fee of $500/+

Note: For condominiums in new developments, the Purchaser will pay cost normally paid by the Seller. These include Seller attorney fees as well as NY and NYC /Transfer Taxes.