FOR THE SELLER

Own Attorney

$1,850 - $2,500

Stock Transfer Stamps

$.05 per share

NYC Real Property Transfer Tax

1% of purchase price if $500,000 or less of the entire amount

1.425% of purchase price if over $500,000 of the entire amount

NYS Transfer Tax

.4% (.004) of purchase price

UCC-3 Filing

$75 + up

Flip Tax
(If Applicable)

Determined by co-operative building

Payoff Bank Attorney
(If Applicable)

$450 + up

Managing Agent Fee

$500 - $750

Move-Out Deposit

$500 - $1,000
(Usually refundable if no damage)

Broker Commission

6% of purchase price

Estate Fees

Co-op may impose additional fees for estate sales

Lost Stock & Lease Fees

$250 - $750

E Tax Filing (ACRIS)

$50

NYS Capital Gains Tax Withholding
(Out Of State Seller)

7.7% of gain

Non-US Resident (FIRPTA)

10% of purchase price withheld or paid

FOR THE PURCHASER

Own Attorney

$1,600 + up*

Managing Agent
(Recognition Agreement Fee)

$250 + up

Credit Report Fee

$50 - $100 per applicant

Lead Based Paint Disclosure Fee

$0 - $50

Mansion Tax

1% of purchase price when over $1 million

Move-In Deposit

$500-$1,000
(Usually refundable if no damage)

Lien Search

$350

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

$75 + up

Maintenance Adjustment

Prorated for month of closing

* Check with bank/mortgage broker for additional fees. New York State Law requires a written letter of engagement if the legal fee will exceed $3,000. Non New York State residents should procure exemption for state transfer tax forms (TP584). These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative.

FOR THE SELLER

Own Attorney

$1,850 - $2,500

NYC Real Property Transfer Tax

1% of purchase price if $500,000 or less

1.425% of purchase price if over $500,000

NYS Transfer Tax

.4% (.004) of purchase price

Payoff Bank Fees (if applicable)

$250 + up

Managing Agent Fee

$250 - $750

Move-Out Deposit

$500 - $1,000
(Usually refundable if no damage)

Broker Commission

6% of purchase price

E Tax Filing (ACRIS)

$50 - $200

NYS Capital Gains Tax Withholding
(out of state seller)

7.7% of gain

Non-US Resident (FIRPTA)

10% of purchase price withheld or paid

FOR THE PURCHASER

Own Attorney

$2,000 - $2,500

Managing Agent Fee

$250 - $500

Credit Report Fee

$50 - $100 per applicant

Lead Based Paint Disclosure Fee

$0 - $50

Mansion Tax

1% of total purchase price where $1 million and over

Move-In Deposit

$500 - $1000
(Usually refundable if no damage)

Common charges, real estate taxes and insurance premium

Adjustments pro rated as of closing

MORTGAGE ASSOCIATED FEES

Origination Costs - Points

0 - 3% of value loan

Application, Credit Check, etc.

$500 + up

Appraisal

$275 + up

Bank Attorney

$500 + up

UCC-1 Filing

$75 + up

Mortgage Recording Tax

Up to $500,000 is 1.8% of mortgage less $30

Over $500,000 is 1.925% of mortgage less $30

Title Insurance, Title Search & Recording Fees

Approximately 0.5% - 0.8% 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

(i.e. new construction)

NYC Real Property Transfer Tax

1% of purchase price up to $500,000

1.425% of purchase price over 500,000

NYS Transfer Tax

$4 per $1,000 of purchase price

Sponsor's Attorney Fee

$1,500 + up

Working Capital Fund Contribution

An amount equal to 1 or 2 months common charges

* Check with bank/mortgage broker for additional fees. New York State Law requires a written letter of engagement if the legal fee will exceed $3,000. Non New York State residents should procure exemption for state transfer tax forms (TP584). These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative.