For The Seller
Broker
Typically 6%
  Own Attorney
$5,000 and up
  NYC Real Property Transfer Tax

1.425% of entire gross purchase price, if price is $500,000 or under; or
2.625% of entire gross purchase price, if price exceeds $500,000
  New York State Transfer Tax
0.4% (.004) of gross purchase price
  Payoff Bank Attorney
(if Seller has a mortgage)
$500
  Miscellaneous
$500
  Transfer security deposits TBD
  E Tax Filing (ACRIS) $150
  Gains Tax Withholding
(out of State Seller) 		7.7% of gain
  Non US Resident (FIRPTA) 10% of price withheld or paid
     
For The Purchaser
Own Attorney
$5,000 and up
  Bank Fees  
Points 0 - 2%
Application, credit, appraisal, bank attorney, engineer and miscellaneous $6,000
  Short-term Interest
One month max (prorated for month of closing)
 

Mortgage Tax

2.175% of entire amount of Mortgage on Loans $500,000 or under
2.80% of entire amount of Mortgage on Loans exceeding $500,000
  Real Esate Tax Escrows
2 to 6 months
  Insurance Escrows
8 months
  Fee Title Insurance
Approximately $300 per $100,000
  Mortgage Title Insurance
$100 per $100,000
  Miscellaneous Title Change
(recording, etc...)
$1,000
  Adjustments
Rents and Security Deposits TBD
Real Estate Taxes 1 to 6 months
Insurance One year
  Creation of Corporation or Limited Liability Company
$2,300
 

All information furnished herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions and change without notice. We advise Parties to transactions to consult their own counsel for verification of these costs.