Co-operative

Condominium

Sponsor Sales (new construction)

NYC Transfer Tax

Sales <$500,000

1% of sales price

1% of sales price

Sales >$500,000

1.425% of sales price

1.425% of sales price

NYS Transfer Tax

0.4% of sales price

0.4% of sales price

Seller’s Attorney Fee

$1,500 - $2,000

$1,500 - $2,000

Mortgage Related Fees

Mortgage Tax

Sales <$500,000

N/A

1.800% of loan amount

Sales >$500,000

N/A

1.925% of loan amount

Bank Costs -

Points

0% to 3% of loan

0% to 3% of loan

Application/Credit Check

$500+

$500+

Appraisal

$400+

$400+

Bank attorney

$500+

$500+

UCC-1 Filing

$50+

N/A

Recognition Agreement Fee

$250+

N/A

       Short Term Interest

One month

One month

Title Insurance

N/A

0.5% - 0.8% of sales price

Mansion Tax

1% if $1,000,000+

1% if $1,000,000+

Own Attorney Fees

$1,800+

$1,800+

Managing Agent Fee

$250-$500

$250-$500

Managing Agent Credit Report Fee

$50-$100/person

$50-$100/person

Lead Paint Disclosure

$0-$50

$0-$50

Move-in Deposit

$500+

$500+

Maintenance Adjustment

Up to one month

N/A

Lien Search

$250+

N/A

Common Charge Adjustment

N/A

Up to one month

Real Estate Tax Adjustments

N/A

One to six months

Title Search

N/A

$300-$500

Tax Escrow

N/A

Two to six months

Title Closer Fee

N/A

$125-$150

Recording Fees

N/A

$200-$350