| For the Seller | ||
| Broker | 6% | |
| Own Attorney | $1,250.00 and up | |
| Managing Agent Fee | $450.00 | |
| Move-out Deposit | $500.00 | |
| New York City Transfer Tax | 1% of price up to $500,000.00 and,
1.425% of price over $500,000 |
|
| New York State Transfer Tax | $2.00 per $500.00 of price | |
| Payoff Bank Attorney | $300.00 | |
| Misc. Title Fees | $100.00 | |
| "Mansion Tax" | The Mansion Tax is 10% of the
Seller's net profit where the sale exceeds $1,000,000. However, it is not applicable where the property is used exclusively as the Seller's residence. |
|
| For the Purchaser | ||
| Own Attorney | $1,250.00 and up | |
| Bank Fees: | ||
Application, etc. Bank Attorney Short Term Interest Tax Escrows |
0 to 3% of loan value
$500.00 $450.00 One Month 2 to 6 Months |
|
| Recording Fees | $100.00 | |
| Mortgage Tax | 1¾% of amount of mortgage
on loans under $500,000.00; and, 2.12% of amount of mortgage on loans over $500,000.00 |
|
| Fee Title Insurance | Approx. $675.00 per $100,000.00 | |
| Mortgage Title Insurance | Approx. $500.00 per $100,000.00 | |
| Violation Search | $170.00 | |
| Managing Agent Fee | $250.00 | |
| Common Charge Adjustment | One month | |
| R.E. Tax adjustment | 1 to 3 months | |
| Mansion Tax | 1% where price exceeds
$1,000,000 |
|
| Note: Some of the above fees are estimates, and may vary slightly | ||
If I can be of further assistance please feel free to
contact me via e-mail at jhicks@JOH9.COM
, my partner Jeff Kelson via e-mail at jkelson@JOH9.COM
or call 212-946-1102.