| Condominium Apartments/Townhouses |
For the Seller
|
| Broker |
6% of Sale Price |
| 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 $500,001.00
(paid by seller, except sale by sponsor) |
| New York State Transfer Tax |
0.4%
(paid by seller, except sale by sponsor) |
| Miscellaneous Title Fees |
$100.00 |
| Payoff Bank Attorney |
$300.00 |
| |
| For the Purchaser |
| Own Attorney |
$1,250.00 and up |
| Bank Fees |
|
| Points |
0 to 2% of loan value (optional) |
| Application, credit check, etc. |
$300.00 |
| Bank Attorney |
$500.00 |
| Short Term Interest |
Up to 1 Month (wash) |
| Tax Escrows |
2 to 6 Months |
| Bank Underwriting Fees |
$350.00 |
| Appraisal Fee |
$300.00 to $750.00
(dependent on the price of the apartment) |
| Recording Fees |
$100.00 |
| Mortgage Tax |
1.75% of amount of mortgage on loans
under $500,000.00; and 1.875% of amount
of mortgage on loans over $500,001.00 |
| 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 |
1 Month |
| Real Estate Tax Adjustment |
1 to 3 Months |
| Mansion Tax |
1% where price exceeds $1,000,000.00 |
| |
|
Note: Some of the above fees are estimates, and all information is subject to
errors,omissions and changes in facts or circumstances. |
For the Seller |
| Broker |
6% of Sale Price |
| Own Attorney |
$1,250.00 and up |
| Coop Fee |
$450.00 |
| Flip Tax |
1% to 3% of price (if applicable) |
| Stock Transfer Tax |
$0.05 per share |
| Move-out Deposit |
$500.00 |
| New York City Transfer Tax |
1% of price up to $500,00.00, plus $25.00 recording fee, and
1.425% of price over $500,001.00 (paid by seller, except sale by sponsor) |
| New York State Transfer Tax |
0.4% (paid by seller, except sale by sponsor) |
| Payoff Bank Attorney |
$300.00 |
| UCC-3 Filing Fee |
$20.00 |
| |
|
| For the Purchaser |
| Own Attorney |
$1,250.00 and up |
| Bank Fees |
|
| Points |
0 to 2% of loan value (optional) |
| Application, credit check, etc. |
$300.00 |
| Bank Attorney |
$500.00 |
| UCC-3 Filing Fee |
$20.00 |
| Bank Underwriting Fees |
$350.00 |
| Appraisal Fee |
$300.00 to $750.00 (dependent on the price of the apartment) |
| Short Term Interest |
Up to 1 Month (wash) |
| Move-In Deposit |
$500.00 |
| Mortgage Tax |
1.75% of amount of mortgage on loans under $500,000.00; and 1.875% of amount of mortgage on loans over $500,001.00 |
| Fee Title Insurance |
$500.00 |
| Lien Search |
$250.00 |
| Maintenance Adjustment |
1 Month |
| Real Estate Tax Adjustment |
1 to 3 Months |
| Mansion Tax |
1% where price exceeds $1,000,000.00 |
|
