| Purchaser's Attorney: |
$1,250 and up |
| Bank Fees: |
- Points 0 to 3% of loan amount
-
Application, credit check, etc. $500
- Bank Attorney $450 - $750
- Short Term Interest Up to one month
- Tax Escrows 2 to 6 months
|
| Recording Fees: |
$150 |
| Mortgage Tax: |
2% ** of amount of mortgage on loans
under $500,000, and 2.125%** of amount of mortgage loans of $500,000
and over.
Title Insurance Rates vary by NY law as insurance increases |
| Violation Search: |
$250 |
| Managing Agent Fee: |
$250 |
| Common Charge Adjustment: |
Up to one month |
| Real Estate Tax Adjustment: |
1 to 5 months |
| Mansion Tax: |
1% of price where price is $1,000,000
or more |
| Title Closer Fee: |
$100 - $150 |
| Broker Commission: |
up to 6% |
| Seller's Attorney: |
$1,250 and up |
| Managing Agent Processing Fee: |
$450 - $750 |
| Move-out Deposit: |
$500 - $1,000 |
| New York City Transfer Tax: |
1% of price for purchase of $500,00 or
less, 1.425% of price for purchase over $500,000 (Paid by Seller,
except sale by Sponsor) |
| New York State Transfer Tax: |
0.4% of price (paid by Seller, except
sale by Sponsor) |
| Misc. Title & Recording Fees: |
$100 |
| Mortgage Satisfaction Fee: |
$150 - $300 |
| Broker Commission: |
up to 6% |
| Seller's Attorney: |
$1,250 and up |
| Co-op Attorney/Managing Agent: |
$400 - $800 |
| Flip Tax: |
Varies by building, if any |
| Stock Transfer Tax: |
0.05 per share |
| Move-out Deposit: |
$500 - $1,000 |
| New York City Transfer Tax: |
1% of price for purchase of $500,000
or less, 1.425% of price for purchase over $500,000 (Paid by Seller,
except sale by Sponsor) |
| Transfer Tax Filing Fee: |
$25 recording fee |
| New York State Transfer Tax: |
0.4% of price (paid by Seller, Except sale by Sponsor) |
| Payoff Bank Attorney: |
$300 |
| UCC-3 Filing Fee |
$25 |
