NYC seller closing costs
NYC seller closing cost calculator.
Selling a co-op, condo or house in New York City means two transfer taxes plus commission, attorney and any flip tax. Enter your price to see each cost and your estimated net.
Estimated net proceeds
$0
Want the exact number?
Rafael will prepare a written net sheet for your home from recent comparable sales, at no cost.
NYC transfer tax rates for sellers.
Co-ops, condos and 1 to 3 family houses. Paid by the seller on a resale.
| Sale price | NYC tax | NY State tax | Total |
|---|---|---|---|
| $500,000 or less | 1% | 0.4% | 1.4% |
| Over $500,000 and under $3 million | 1.425% | 0.4% | 1.825% |
| $3 million or more | 1.425% | 0.65% | 2.075% |
Buildings with 4 or more units pay commercial rates. Rates current as of November 2026.
What it looks like on a real sale.
| Sale | NYC tax | NY State tax | Transfer taxes |
|---|---|---|---|
| $450,000 co-op in Riverdale | $4,500 | $1,800 | $6,300 |
| $1,000,000 condo in East Harlem | $14,250 | $4,000 | $18,250 |
| $3,500,000 townhouse in Manhattan | $49,875 | $22,750 | $72,625 |
Then add commission, your attorney, any co-op flip tax, managing agent or condo processing fees and your mortgage payoff. The buyer, not you, pays the mansion tax on purchases of $1 million or more.
Know your number before you list.
The flip tax, managing agent fees and board requirements differ building by building. Rafael prepares a written net sheet for your apartment or house, so there are no surprises at closing.
NYC closing cost questions.
Selling in Yonkers, Bronxville or Tuckahoe? See the Westchester transfer tax calculator. En español: costos de cierre en NYC.
What transfer taxes does a seller pay in New York City?
Two. The NYC Real Property Transfer Tax is 1% of the price at $500,000 or less and 1.425% above $500,000 for co-ops, condos and 1 to 3 family houses. The New York State transfer tax is 0.4%, rising to 0.65% on NYC residential sales of $3 million or more. Combined, that is 1.4%, 1.825% or 2.075% of the price.
How much are seller closing costs in NYC overall?
Transfer taxes are usually 1.4% to 2.075% of the price. On top of that come the broker commission, your attorney, any co-op flip tax, managing agent or condo processing fees, and paying off your mortgage. The calculator on this page adds them up for your price.
Does the seller pay the NYC mansion tax?
No. The mansion tax is a buyer cost on residential purchases of $1 million or more. Sellers pay the city and state transfer taxes.
Are transfer taxes different for multi-family buildings in NYC?
Yes. Buildings with 4 or more units are taxed at the higher commercial rates: 1.425% city tax at $500,000 or less and 2.625% above, and a 0.65% state tax from $2 million. Ask Rafael for a net sheet on a multi-family sale.
Is the flip tax a transfer tax?
No. A flip tax is a fee set by each co-op building, usually paid by the seller, and it varies widely: a percentage of the price, a dollar amount per share, or nothing at all. Check the building's policy before you price.