Condominiums & Townhouses
- Broker’s Commission – Typically 6%
- Attorney – Consult your attorney
- Capital Contribution Fee – varies by building and can be paid by either the buyer or seller. Check the purchase application for details.
- Managing Agent Fee – $600
- Move-out Deposit – $500-$1000 (usually refundable)
- NYC Transfer Tax – 1% up to $500,000 /1.425% over $500,000
- NYC Transfer Tax Filing Fee: $75
- New York State Transfer Tax: $2 per $500 of price, over $3M, .065% of price
- Misc. Title Company Fees: $250
- Working Capital Fund Contribution : Varies by building and can be paid by either the buyer or seller. Check the purchase application for details.
- Bank Fees: approximately $3000
- Points – Varies
- Application (credit/appraisal) – $600 – $1500
- Bank attorney – $650-$750
- UCC-1 Filing Fee – $125
- Title Search – $275
- Processing/commitment fees – $500
- Attorney – Consult your attorney
- Move-in Deposit – $500 – $1000 (usually refundable)
- Purchase Application Fee – $300-$650
- Credit Report Fee – $100
- Recording Fees: $250-$750
- Mortgage Tax: 1.8% of mortgage on loans under $500K /
- 1.925% of mortgage on loans over $500,000
- Capital Contribution Fee – Varies by building and can be paid by either the buyer or seller. Check the purchase application for details.
- Fee Title Insurance: 0.5% – 0.8% of purchase price
- Mortgage Insurance: Approx. $130 per $100K of mortgage amount
- Violation Searches: $250-$350
- Short term interest: Up to one month
- Bank Escrows (real estate taxes): 2 – 6 months
- Mansion Tax – 1% of purchase price if $1M-$1,999,999
- 1.25% $2M-$2,999,999
- 1.5% $3M-$4,999,999
- 2.25% $5M-$9,999,999
- 3.25 % $10M-$14,999,999
- 3.5% $15M-$19,999,999
- 3.75% $20M-$24,999,999
- 3.9% $25M +
