COOPERATIVE APARTMENTS

Seller Expenses
Customary Amount
Buyer Expenses
Customary Amount

Broker
6% of Price

Attorney
$1,500

Coop Agent or Atty.
$450

Loan Associated Bank Fees
$900 plus points and short term interest

Flip Tax
5% of profit
UCC-1 Filing Fee
$25

Stock transfer tax
5 cents per share
Recognition Agreement Fee
$300

Move Out Deposit
$500 (refundable)
Lien Search/TItle Insurance
5% of Price

N.Y.S. Transfer Tax
$2.00 per $500 of Purchase Price
Maintenance Adjustment
Up to one month's maintenance

N.Y.C. Transfer Tax
1% of Purchase Price

Payoff charges of outgoing lender's Atty.
$350

UCC-3 Filing Fee
$25.00

CONDOMINIUMS / TOWNHOUSES 

Seller Expenses
Customary Amount
Buyer Expenses
Customary Amount

Broker
6% of Price

Attorney
$1,500

Coop Agent or Atty.
$450

Loan Associated Bank Fees
$900 plus points and short term interest

Managing Agent Fee
$450
Tax Escrows
2 - 6 months

N.Y.S. Transfer Tax
$2. x $500. of sales price
Lending Bank Atty.
$500

N.Y.C. Transfer Tax
1% of sales price up to $500,000. 1.45% after.
Misc. Title Co. Searches and Recording Fees
$300.00

Title Co. fees
Approx. $100.00
Title Insurance
$675. per $100,000 of sales price

Mortgage Insurance
$500.00 per $100,000. of sales price.

Payoff Attorney Fee
$350
Mortgage Recording Tax
1.75% up to $500,000. ; 2.125% thereafter

Move Out Deposit (Refundable)
$500.00
Short Term Interest
1 month

Managing Agent Fee
$300.00

Adjustments

-Common Charges

-Real Estate Taxes

-Up to one month

-2 to 6 months
Adjustments

-Common Charges

-Real Estate Taxes

-Up to one month

-2 to 6 months