Estimated cosing costs – Condo Sale

Real Estate Broker 6% of sales price (varies)
Seller’s Attorney $2,000.00 and up
Managing Agent Fee $450.00- $750.00
Move-Out Deposit $500.00- $1,000.00
(usually refundable if no damage)
NYC Transfer Tax 1% of the purchase
price if the purchase price
is $500,000.00 or under;
1.425% of the purchase
price if the purchase price is
over $500,000
NYS Transfer Tax $2.00 per $500.00 of the
purchase price
Filing of Transfer Taxes Approx. $150.00
Title Fees/Recording Charges $100.00-$250.00
Please be aware that these are approximations and there may be additional fees not mentioned here, charged by the condominium board.