Short Term Interest; Equal to interest for balance of month in which you close.
Move-in Deposit:
One time fee of $500.00+
Recognition Agreement Fee:
$200
Maintenance Adjustment:
Pro-rated for the months of closing.
Mansion Tax:
1% of entire purchase price where price is $1,000,000 or more.
Condominium Apartments
SELLER
Broker:
Typically 6% depending upon size and marketing
Own Attorney:
Consult your attorney
Processing Fee:
$450.00+
Move-out Deposit:
One time fee of $500+
Bank Attorney:
$695
NYC Transfer Tax:
1% of price up to $500,000:
or, 1.425% of price if $500,000 and over.
Plus $25 administrate fee.
NY State Transfer Tax:
$2.00 per $500.00 or price, or 0.4% of purchase price
Miscellaneous Title Fees:
$200
Payoff Fee to Title Closer:
$300+
PURCHASER
Own Attorney:
Consult your attorney
Bank Fees:
Points: 0% to 3% of loan value
Application Fee
(Credit repost/Appraisal):
$500+
Bank Attorney:
$695
Short Term Interest:
One Month
Tax Escrows:
2 to 6 months
Recording Fees:
$300
Mortgage Tax:
2.05% of amount of mortgage on loans under $500,000;
or 2.80% of amount of mortgage
on loans of $500,000 and over.
Fee Title Insurance:
Approx. $450 per $100,000
Mortgage Title Insurance:
Approx. $200 per $100,000
Municipal Search:
$275+
Managing Agent Fee:
$250+
Common Charge Adjustment:
Pro-rated for the month of closing
Real Estate Tax Adjustment:
1 to 6 months
Mansion Tax:
1% of entire purchase price where price is $1,000,000 or more.
Move-in Deposit:
One time fee of $500+
1) Costs can change and vary for certain transactions. All information is subject to errors, omissions and changes in facts or circumstances. Consult your attorney before signing a contract. We do not represent that these are the entirety of potential costs, but are only to be used as a guide.
2) For condominiums in new developments, the Purchaser will pay costs normally paid by the Seller. These include Seller attorney fees as well as NY and NYC Transfer Taxes.
CENTURY 21 NY Metro – Buy, Sell, Rent Manhattan Apartments and Real Estate.
Address: 575 Madison Avenue, New York, NY 10022
Telephone: 212.872.2200 Email: inquiry@c21nyc.com
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions and all square footage are approximate. For exact dimensions, you must hire your own architect or engineer.
