| For the Seller | ||
| Broker | 6% | |
| Own Attorney | $1,250.00 and up | |
| Co-op Attorney | $450.00 | |
| Flip Tax | 1% to 3% of Price (if applicable) | |
| Stock Transfer Tax | $.05 per share | |
| Move-out Deposit | $500.00 | |
| New York City Transfer Tax | 1% of price up to $500,000.00
plus $25.00 recording fee; and, 1.425% of price over $500,000 |
|
| New York State Transfer Tax | $2.00 per share $500.00 of price | |
| Payoff Bank Attorney | $300.00 | |
| UCC-3 Filing Fee | $20.00 | |
| "Cuomo Tax" | The Cuomo 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 UCC-1 Filing |
0 to 3% of loan value
$400.00 $450.00 $20.00 |
|
| Short Term Interest | One Month | |
| Move-in Deposit | $500.00 | |
| Recognition Agreement Fee | $200.00 | |
| Lien Search | $250.00 | |
| Maintenance Adjustment | One Month | |
| 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.