NYC Closing Costs Calculator for Sellers
Home Price
Estimated NYC Closing Costs
| Seller Broker Fee | $30,000 |
| Buyer Broker Fee | $30,000 |
| NYC Transfer Tax | $14,250 |
| NY State Transfer Tax | $4,000 |
| Attorney Fees | $4,000 |
| Other Closing Costs | $1,500 |
| Total | $0 |
Disclaimer: Estimated closing costs NYC sellers will potentially pay are for indicative purposes only. Actual closing costs may vary for each transaction.
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Save Up To $20,000What are Seller Closing Costs in New York City
Seller closing costs are real estate transaction fees that are paid at the closing of a sale - including broker commission, transfer taxes, attorney fees, or other fees. Use Prevu’s NYC closing costs calculator for sellers to quickly estimate the potential closing costs on your sale.
To learn more about these fees and how they are calculated, visit ourGuide to Seller Closing Costs in NYCor see the Glossary below.
Closing Costs Calculator Glossary
The closing costs a seller may have to pay in NYC are outlined below.
Seller Broker Fee
The real estate commission paid to the seller's listing agent or broker.
Buyer Broker Fee
The real estate commission paid to the buyer's agent or broker.
NYC Transfer Tax
The New York City Real Property Transfer Tax is 1% of the price if the value is $500,000 or less, or 1.425% if the price is more.
NY State Transfer Tax
New York State imposes a real estate transfer tax on conveyances of real property or interests therein when the consideration exceeds $500.
Attorney Fees
The amount a seller pays a real estate attorney for preparation of documents and advice during a real estate sale transaction.
Seller Closing Costs in NYC
For a $1,950,000 condo in New York City, the typical buyer closing costs would be $158,088.
Seller Broker Fee — $58,500
Buyer Broker Fee — $58,500
NYC Transfer Tax — $27,788
NY State Transfer Tax — $7,800
Attorney Fees — $4,000
Other Closing Costs — $1,500
