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Closing Cost for The Seller
Own Attorney: Varies
NYC Transfer Tax: 1% of purchase price if $500,000 or less of the entire amount
1.425% of purchase price if over $500,000 of the entire amount
NYS Transfer Tax: 0.4% (.004) of purchase price if under $3M or 0.65% (.0065) of purchase price if equal to or over $3M
UCC-3 Filing: $75 + up
Payoff Bank Fees (if applicable): $450 + up
Broker Commission: 6% of purchase price
E Tax Filing (Acris): $50 - $200
NYS Capital Gains Tax Withholding: 8.82% of gain
Non-US Resident (FIRPTA): 15% of purchase price withheld or paid
These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative.
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