Condominium

  • Broker - Usually 6% of the sale price
  • Seller's Attorney - $1,500 - $5,000+
  • Managing Agent Fee - $450+
  • Move-Out Fee - $500 - $1,000
  • New York State Transfer Tax - 0.4%
  • New York City Transfer Tax - 1% of selling price up to $500,000 | 1.425% of price over $500,001
  • Title Fees -$100
  • Bank Attorney - $300

Cooperative

  • Broker - Usually 6% of the sale price
  • Seller's Attorney - $1,500 - $5,000+
  • Co-op Attorney - $450
  • Flip Tax - Varies from building to building (typically 1-15% of sales price).
  • Stock Transfer Tax - $0.05 per share
  • Move-Out Fee - $500 – $1,000
  • Bank Attorney - $300
  • UCC Filing Fee - $20


  • This closing cost guide is designed to provide the general costs associated with a condo & co-op purchase respectively. Please note that these are estimates and that potential buyers should consult with their real estate attorney or financial advisor for specifics. Please take we do not represent that these are the entirety of potential costs, but are to be used as a guide.