These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative.
Co-operative Apartments
SELLER'S COSTS:
Own Attorney Consult your attorney
______________________________________________________________________
Stock Transfer Stamps $.05 per share
______________________________________________________________________
New York City Real Property Transfer Tax
(Paid by seller, except most sponsor sales)
Sales $500,000 and Under 1% of Sale Price
Sales Over $500,000 1.425% of Sale Price
______________________________________________________________________
New York State Real Property Transfer Tax
(Paid by seller, except most sponsor sales) 0.4% of Sale Price
______________________________________________________________________
UCC-3 Filing $100
______________________________________________________________________
Flip Tax (if applicable) Determined by co-operative building
______________________________________________________________________
Payoff Bank Attorney (if applicable) $450 + up
______________________________________________________________________
Managing Agent Fee Varies
______________________________________________________________________
Move-Out Fee $500 - $1000
______________________________________________________________________
Broker Commission Never 6% with RB Homes
______________________________________________________________________
Estate Fees Coop may impose additional fees for estate sales
______________________________________________________________________
Lost Stock and Lease Fees $250 - $750
______________________________________________________________________
BUYER'S COSTS:
Own Attorney Consult your attorney
______________________________________________________________________
Managing Agent Application Fee Varies
______________________________________________________________________
Credit Report Fee $50 - $100 per applicant
______________________________________________________________________
New York City Mansion Taxes as of FY 2020
Purchase PriceMansion Tax
Less than $999,999 0.00%
$1,000,000 – $1,999,999 1.00%
$2,000,000 – $2,999,9991.25%
$3,000,000 – $4,999,999 1.50%
$5,000,000 – $9,999,999 2.25%
$10,000,000 – $14,999,999 3.25%
$15,000,000 – $19,999,999 3.50%
$20,000,000 – $24,999,999 3.75%
$25,000,000 or more 3.90%
_____________________________________________________________________
Move-in Deposit $500 - $1,000 (usually refundable)
______________________________________________________________________
Mortgage Associated Fees:
Origination Costs – points 0 - 3% value of loan
______________________________________________________________________
Application, Credit Check, etc. $350 + up
______________________________________________________________________
Appraisal $275 + up
______________________________________________________________________
Bank Attorney $650 + up
______________________________________________________________________
UCC-1 Filing $50 + up
______________________________________________________________________
Recognition Agreement Fee $200 + up
______________________________________________________________________
Lien Search $350
______________________________________________________________________
Maintenance Adjustment Prorated for month of closing
* Check with bank/mortgage broker for additional fees . These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative.
______________________________________________________________________
Condominium Apartments and Townhouses
SELLER'S COSTS:
Own Attorney Consult your attorney
______________________________________________________________________
NYC Real Property Transfer Tax
Sales $500,000 and Under 1% of Sale Price
Sales Over $500,000 1.425% of Sale Price
______________________________________________________________________
NYS Transfer Tax 0.4% of Sale Price
______________________________________________________________________
UCC-3 Filing $100
______________________________________________________________________
Payoff Bank Fees (if applicable) $450 * + up
______________________________________________________________________
Managing Agent Fee Varies
______________________________________________________________________
Move-Out Fee $500 - $1,000
______________________________________________________________________
Broker Commission NEVER 6% with RB Homes
______________________________________________________________________
BUYER'S COSTS:
Own Attorney Consult your attorney
______________________________________________________________________
Managing Agent Fee Varies
______________________________________________________________________
Credit Report Fee $50 - $100 per applicant
______________________________________________________________________
New York City Mansion Taxes as of FY 2020Purchase PriceMansion Tax
Less than $999,999 0.00%
$1,000,000 – $1,999,999 1.00%
$2,000,000 – $2,999,9991.25%
$3,000,000 – $4,999,999 1.50%
$5,000,000 – $9,999,999 2.25%
$10,000,000 – $14,999,999 3.25%
$15,000,000 – $19,999,999 3.50%
$20,000,000 – $24,999,999 3.75%
$25,000,000 or more 3.90%
______________________________________________________________________
Move-in Fee $500 - $1,000
______________________________________________________________________
Mortgage Associated Fees:
Origination Costs – points 0 - 3% value of loan
______________________________________________________________________
Application, Credit Check, etc. $500 + up
______________________________________________________________________
Appraisal $275 + up
______________________________________________________________________
Bank Attorney $500 + up
______________________________________________________________________
UCC-1 Filing $50 + up
______________________________________________________________________
Mortgage Recording Tax
Sales $500,000 and Under 1.8% of mortgage
Sales Over $500,000 1.925% of mortgage
______________________________________________________________________
Title Insurance, Title Search & Rec. Fees Approximately 0.5% of purchase price
______________________________________________________________________
Building Searches $200 - $400
______________________________________________________________________
Recording Charge $17 per document plus $5 per page
______________________________________________________________________
Real Estate Tax Escrow 2-6 months
______________________________________________________________________
If Purchased Directly from Sponsor: ( ie: new construction)
BUYER'S COSTS:
NYC Real Property Transfer Tax
Sales $500,000 and Under 1% of Sale Price
Sales Over $500,000 1.425% of Sale Price
______________________________________________________________________
NYS Transfer Tax $4 per $1,000 of purchase price
______________________________________________________________________
Sponsor's Attorney Fee $1,500 +up
* Check with bank/mortgage broker for additional fees . These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative.
Co-operative Apartments
SELLER'S COSTS:
Own Attorney Consult your attorney
______________________________________________________________________
Stock Transfer Stamps $.05 per share
______________________________________________________________________
New York City Real Property Transfer Tax
(Paid by seller, except most sponsor sales)
Sales $500,000 and Under 1% of Sale Price
Sales Over $500,000 1.425% of Sale Price
______________________________________________________________________
New York State Real Property Transfer Tax
(Paid by seller, except most sponsor sales) 0.4% of Sale Price
______________________________________________________________________
UCC-3 Filing $100
______________________________________________________________________
Flip Tax (if applicable) Determined by co-operative building
______________________________________________________________________
Payoff Bank Attorney (if applicable) $450 + up
______________________________________________________________________
Managing Agent Fee Varies
______________________________________________________________________
Move-Out Fee $500 - $1000
______________________________________________________________________
Broker Commission Never 6% with RB Homes
______________________________________________________________________
Estate Fees Coop may impose additional fees for estate sales
______________________________________________________________________
Lost Stock and Lease Fees $250 - $750
______________________________________________________________________
BUYER'S COSTS:
Own Attorney Consult your attorney
______________________________________________________________________
Managing Agent Application Fee Varies
______________________________________________________________________
Credit Report Fee $50 - $100 per applicant
______________________________________________________________________
New York City Mansion Taxes as of FY 2020
Purchase PriceMansion Tax
Less than $999,999 0.00%
$1,000,000 – $1,999,999 1.00%
$2,000,000 – $2,999,9991.25%
$3,000,000 – $4,999,999 1.50%
$5,000,000 – $9,999,999 2.25%
$10,000,000 – $14,999,999 3.25%
$15,000,000 – $19,999,999 3.50%
$20,000,000 – $24,999,999 3.75%
$25,000,000 or more 3.90%
_____________________________________________________________________
Move-in Deposit $500 - $1,000 (usually refundable)
______________________________________________________________________
Mortgage Associated Fees:
Origination Costs – points 0 - 3% value of loan
______________________________________________________________________
Application, Credit Check, etc. $350 + up
______________________________________________________________________
Appraisal $275 + up
______________________________________________________________________
Bank Attorney $650 + up
______________________________________________________________________
UCC-1 Filing $50 + up
______________________________________________________________________
Recognition Agreement Fee $200 + up
______________________________________________________________________
Lien Search $350
______________________________________________________________________
Maintenance Adjustment Prorated for month of closing
* Check with bank/mortgage broker for additional fees . These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative.
______________________________________________________________________
Condominium Apartments and Townhouses
SELLER'S COSTS:
Own Attorney Consult your attorney
______________________________________________________________________
NYC Real Property Transfer Tax
Sales $500,000 and Under 1% of Sale Price
Sales Over $500,000 1.425% of Sale Price
______________________________________________________________________
NYS Transfer Tax 0.4% of Sale Price
______________________________________________________________________
UCC-3 Filing $100
______________________________________________________________________
Payoff Bank Fees (if applicable) $450 * + up
______________________________________________________________________
Managing Agent Fee Varies
______________________________________________________________________
Move-Out Fee $500 - $1,000
______________________________________________________________________
Broker Commission NEVER 6% with RB Homes
______________________________________________________________________
BUYER'S COSTS:
Own Attorney Consult your attorney
______________________________________________________________________
Managing Agent Fee Varies
______________________________________________________________________
Credit Report Fee $50 - $100 per applicant
______________________________________________________________________
New York City Mansion Taxes as of FY 2020Purchase PriceMansion Tax
Less than $999,999 0.00%
$1,000,000 – $1,999,999 1.00%
$2,000,000 – $2,999,9991.25%
$3,000,000 – $4,999,999 1.50%
$5,000,000 – $9,999,999 2.25%
$10,000,000 – $14,999,999 3.25%
$15,000,000 – $19,999,999 3.50%
$20,000,000 – $24,999,999 3.75%
$25,000,000 or more 3.90%
______________________________________________________________________
Move-in Fee $500 - $1,000
______________________________________________________________________
Mortgage Associated Fees:
Origination Costs – points 0 - 3% value of loan
______________________________________________________________________
Application, Credit Check, etc. $500 + up
______________________________________________________________________
Appraisal $275 + up
______________________________________________________________________
Bank Attorney $500 + up
______________________________________________________________________
UCC-1 Filing $50 + up
______________________________________________________________________
Mortgage Recording Tax
Sales $500,000 and Under 1.8% of mortgage
Sales Over $500,000 1.925% of mortgage
______________________________________________________________________
Title Insurance, Title Search & Rec. Fees Approximately 0.5% of purchase price
______________________________________________________________________
Building Searches $200 - $400
______________________________________________________________________
Recording Charge $17 per document plus $5 per page
______________________________________________________________________
Real Estate Tax Escrow 2-6 months
______________________________________________________________________
If Purchased Directly from Sponsor: ( ie: new construction)
BUYER'S COSTS:
NYC Real Property Transfer Tax
Sales $500,000 and Under 1% of Sale Price
Sales Over $500,000 1.425% of Sale Price
______________________________________________________________________
NYS Transfer Tax $4 per $1,000 of purchase price
______________________________________________________________________
Sponsor's Attorney Fee $1,500 +up
* Check with bank/mortgage broker for additional fees . These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative.
39-06 62nd Street Suite #BC Woodside, NY 11377. 212.203.9158 © 2018 RB HOMES INC. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
