CO-OPS

CONDOS

Broker’s Commission: 6% of the purchase price

Broker’s Commission: 6% of the purchase price

Seller’s Attorney: From $1500 to $2,500 and up. (Paid by Seller, except sale by Sponsor)

Seller’s Attorney: From $1500 to $2,500 and up.

Co- op Attorney: $450 and up

Managing Agent Processing Fee: $650 and up

Managing Agent Fee: $650 and up

Application Fees: $500 - $1,000

Flip Tax (if any): Determined by co-op building

Move-out Deposit Fee: $1,000 (usually refundable if no damage)

Move-out Deposit: $500 - $1,000 (refundable)

New York City Real Property Transfer Tax:

1% for purchases price of $500,000 or less; 1.425% of price for  purchase over $500,000 (Paid by Seller, except sale by Sponsor)

Stock Transfer Tax: $0.05 per share

New York State Transfer Tax: 0.4% (.004) of price

New York City Real Property Transfer Tax: 1% for purchases price of $500,000 or less; 1.425% of price for  purchase over $500,000 (Paid by Seller, except sale by Sponsor)

New York State Capital Gains Withholding Tax:

8.97% of taxable gain on sale (only applicable to  non-US residents)

New York State Transfer Fee: 0.4% (.004) of price. (Paid by Seller, except sale by Sponsor)

Property Condition Disclosure Statement: $500

New York State Capital Gains Tax Withholding:

8.97% of taxable gain on sale (only applicable to  non-US residents)

Payoff Bank Attorney: $250 and up

Federal Withholding Tax (FIRPTA): 10% of purchase price (only applicable to  non-US residents)

Federal Withholding Tax (FIRPTA): 10% of purchase price is withheld if Seller is a non-US resident

Bank Attorney Fees: $750 to $1000

Pick-up fees for Mortgage Payoffs: $200 per mortgage