NYC Closing Costs for Sellers: What You’ll Pay & How to Plan for It

Selling a home in New York City? Then you need to know about closing costs—the often-overlooked fees that can eat into your profits if you’re not prepared.

Here’s what NYC sellers can expect to pay in 2025:

🧾 Common Seller Closing Costs

NYC Transfer Tax

1% for properties up to $500K
1.425% for properties over $500K

New York State Transfer Tax

0.4% of sale price

Broker Commission

Typically 5–6%, split between listing and buyer’s agent

Attorney Fees

$2,000–$5,000 depending on complexity

Co-op Flip Tax (if applicable)

Varies by building: 1–3% of sale price

Move-out Fees, Payoffs, and Misc.

Mortgage satisfaction
UCC-3 filings
Coop/condo transfer fees or move-out deposits

💸 Example: Selling a $1.2M Condo in Brooklyn

Total closing costs can range from $90K to $105K, depending on taxes and commission.

Pro tip: Some developers (in new development resales) may negotiate on transfer taxes. Let your agent guide those discussions.

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I enjoy the responsibility of taking care of each client's real estate needs and making the transaction as smooth as can be. With every new challenge, I am well prepared and ready to deliver honest, capable guidance that will lead to your perfect home.

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