Sellers Closing Closing cost in New York City
Through out the five Boroughs of New York City the Sellers Closing Costs are as follows:
New York City Real Property Tax - under 500k 1% 500k and over 1.425% of sales price
New York State Transfer Tax (stamps) $4.00 per $1,000 of sales price
Payoff of the existing Mortgage
Property Condition Disclosure Credit $500 if PCDA is not filled out
Miscellaneous fees- pick up fees due the title representative, recording fee for the satisfaction of the sellers mortgage, payments of unpaid real estate taxes, water meters, payments of judgments and liens.
When you are ready to buy or sell a home in Brooklyn please feel free to contact me. I specialize in assisting sellers and buyers with their Brooklyn Real Estate Needs.