Seller Closing Costs for Co-Ops

Seller Closing Costs:

 
Co-operative Apartments  
 
Own Attorney varies*
Stock Transfer Stamps $.05 per share
NYC Real Property Transfer Tax 1% of purchase price if $500,000 or less of the entire amount
1.425% of purchase price if over $500,000 of the entire amount
NYS Transfer Tax .4% (.004) of purchase price
UCC-3 Filing $75 - $125
Flip Tax (if applicable)  Determined by co-operative building 
Payoff Bank Attorney (if applicable) $600 - $1,000
Managing Agent Fee $500 + up
Move-Out Deposit $500 - $1,000 (usually refundable if no damage)
Broker Commission 6% of purchase price
Estate Fees Co-op may impose additional fees for estate sales
Lost Stock and Lease Fees $250 + up
E Tax  Filing (ACRIS) $50 + up
NYS capital Gains Tax Withholding (out of state seller) 6.85% of estimated gain
Non-US Resident (FIRPTA) 10% of purchase price withheld or paid

           

Thank you for visiting PatrickLillyGroup.com. Your source for buying, selling or renting Coops, Condos and Townhouses in Manhattan New York.

This website is not the official website of The Corcoran Group or its affiliated companies, and neither The Corcoran Group nor its affiliated companies in any way warrant the accuracy of any information contained herein. Any product and/or services offered for sale on this website shall not be considered an offer to sell such goods and/or services in any state other than New York.