eXp Realty NYC is committed to adhering to the guidelines of The New York State Fair Housing Regulations. 

Click to view the NYS Fair Housing Notice and NYS Fair Housing Disclosure.

Standard Operating Procedures for Purchasers of Real Estate Property Pursuant to Real Property Law §442-H

Manhattan Co-Op Closing Costs for Seller

New York State Law requires a written letter of engagement if the legal fee will exceed $3,000. Non New York State residents should procure exemption for state transfer tax forms (TP-584) . These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative
Attorney $2,000 - $5,000*
Stock Transfer Stamps $.05 per share
NYC Real Property Transfer Tax Sales under $500,000 will be 1% of price and Sales over $500,000 will be 1.425%.
NY State Transfer Tax 0.4% of Purchase Price.
Flip Tax (if applicable) Determined by co-operative building
Payoff Bank Attorney (if applicable) $450 & up
Managing Agent Fee $500 - $750
Move-Out Deposit $500 - $1,000 usually refundable if there is no damage
Broker Commission 6% of Purchase Price
Estate Fees Varies, Co-op may impose additional fees for estate sales
Lost Stock and Lease Fees $250 - $750
eTax Filing Fee(ACRIS) $50
Gains Tax Withholding (This refers to Out of State Seller) 7.7% of Gain
Non-United States Resident (FIRPTA) 10% of Price withheld or paid.
* Check with bank/mortgage broker for additional fees .

Revised 12/15

Co-Op Closing Costs - Seller

Co-Op Closing Costs - Buyer

 Condo/Townhome Closing Costs - Seller

 Condo/Townhome Closing Cost - Buyer

 Common Costs for Condo & Coop

Lee Presser
Lee Presser
Lic. Associate Real Estate Broker
1501 Broadway 12th FL New York NY 10036