Own Attorney	$1,500 + up* (more if loan to pay off, etc)
Stock Transfer Stamps	$.05 per share
Seller Due Diligence Fees	0 - $600
NYC Real Property Transfer Tax (Usually paid by Seller, except on sponsor sale) • Sales under $500,000 • Sales $500,000 and over	1% of purchase price 1.425% of purchase price
NYS Real Property Transfer Tax	0.4% (.004) of purchase price
Flip Tax (if applicable)	Determined by each co-operative building
Payoff Bank Attorney (if applicable)	$450 + up
Managing Agent Fee	$500 - $750
Move-Out Deposit	$500 - $1000 (usually refundable if no damage)
Broker Commission	6% of purchase price (negiotable)
Estate Fees	Coop and its legal counsel may impose additional fees for estate sales
Lost Stock and Lease Fees	$250 - $750
Acris Preparation (Taxes)	$0 - $250
E Tax Filing (ACRIS)	$50
Gains Tax Withholding (out of state seller)	7.7% of gain
Non-US Resident (FIRPTA)	10% of price withheld or paid

Own Attorney	$1,500 + up* (more if a lender, etc)
Managing Agent Application Fee	$500
Credit Report Fee	$50 - $100 per applicant
Lead Based Paint Disclosure Fee	$0 - $50
Mansion Tax	1% of purchase price when $1 million or over
Co-op Lien Judgment Search ("Title Search")	$350 and up
Maintenance Adjustment	Prorated for month of closing
Move-in Deposit	$500 - $1,000 (usually refundable if no damage)
Mortgage Associated Fees:
Origination Costs – points	0 - 3% value of loan
Application, Credit Check, etc.	$500 + up
Appraisal	$275 + up
Bank Attorney	$500 + up
UCC-1 Filing	$75 + up
Recognition Agreement Fee	$250 + up

* Costs can change and vary for some transactions. All information is subject to errors, omissions and changes in facts or circumstances. Always consult your attorney before signing a contract.

** Check with bank/mortgage broker/management for additional fees . 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 (TP584) . These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative. Additional fees might be required for powers of attorney, estate and other documentation

top

CLOSING COSTS: CONDOMINIUM APARTMENTS / TOWNHOUSES

Own Attorney	$1,750 + up*
NYC Real Property Transfer Tax • Sales under $500,000 • Sales $500,000 and over	1% of purchase price 1.425% of purchase price
NYS Real Property Transfer Tax	0.4% (.004) of purchase price
Payoff Bank Attorney (if applicable)	$450 and up
Managing Agent Fee	$250 - $750
Move-Out Deposit	$500 - $1000 (usually refundable if no damage)
Broker Commission	6% of purchase price (negotiable)
Estate Fees	Coop and its counsel may impose additional fees for estate sales
Lost Stock and Lease Fees	$250 - $750
E Tax Filing (ACRIS)	$50
Gains Tax Withholding (out of state seller)	7.7% of gain
Non-US Resident (FIRPTA)	10% of price withheld or paid

Own Attorney	$2,000 + up*
Managing Agent Fee	$250 - $500
Credit Report Fee	$50 - $100 per applicant
Due Diligence Fee	$0 - $600
Lead Based Paint Disclosure Fee	$0 - $50
Mansion Tax (if purchase price is $1 million or over)	1% of purchase price
Move-in Deposit	$500 - $1,000 (usually refundable if no damage)
Mortgage Associated Fees:
Origination Costs – points	0 - 3% value of loan
Application, Credit Check, etc.	$500 + up
Appraisal	$275 + up
Bank Attorney	$500 + up
UCC-1 Filing	$75 + up
Mortgage Recording Tax • Sales under $500,000 • Sales $500,000 and over	1.8% of entire mortgage 1.925% of entire mortgage
Title Insurance, Title Search & Recording Fees	Approximately 0.5% - 0.8% of purchase price
Building Searches	$200 - $400
Recording Charge	$17 per document plus $5 per page
Real Estate Tax Escrow	2-6 months
If Purchased Directly from Sponsor: (i.e. new construction)
NYC Real Property Transfer Tax	1% of purchase price of 499,999 or under 1.425% of purchase price of $500,000 or over
NYS Real Property Transfer Tax	$4 per $1,000 of purchase price
Sponsor's Attorney Fee	$1,500 and up