Principal payoff at closing; reduces cash to seller (not a closing cost)
%
Typical NYC range: 4–6%
%
Common on co-ops (1–3% of sale price); rare on condos
$
Typical range: $3,000–$5,000
II. The Tally
Estimated Closing Costs
NYC Broker Commission $0
NYC Transfer Tax $0
NY State Transfer Tax $0
Seller's Attorney Fee$0
Mortgage Satisfaction Recording Fee$0
Bank Loan Satisfaction Fees$0
Seller Power of Attorney Recording Fee$0
Building Move-Out Fee$0
Building Managing Agent Closing Fee$0
Building Flip Tax $0
Co-op UCC-3 Termination Fee$0
Co-op Transfer Tax Filing Fee$0
Co-op Stock Transfer Tax$0
Total Closing Costs$0
Net Sale Proceeds (before payoff)$0
Less: Outstanding Loan Payoff$0
Net Sale Proceeds$0
Costs: 0.00% of sale price
Estimates only. Line-item defaults reflect typical NYC seller fees; actual amounts vary by building, lender, attorney, and transaction structure. Transfer tax rates per the NYC Real Property Transfer Tax (RPTT) and NY Tax Law § 1402. The NYS Mansion Tax is customarily paid by the buyer and is not included here.