Seller Closing Costs Calculator
Use our interactive calculator to estimate your sell-side closing costs in New York City for condos, co-ops, and single-family homes.
Frequently Asked Questions
Seller closing costs in New York City typically range from 6% to 9% of the sale price, depending on the type of property and any negotiated concessions. The largest portion is often the broker commission, followed by transfer taxes and legal fees.
You can use our Seller Closing Costs Calculator to generate a personalized estimate based on your expected sale price, property type, and whether you're selling a co-op, condo, or townhouse. The calculator factors in all standard costs, including transfer taxes, legal fees, and building-specific fees.
In NYC, both the buyer and seller have their own closing costs. Sellers are typically responsible for broker commissions, transfer taxes, and their legal fees. Buyers handle most of the loan-related and title-related costs. In some cases, sellers may offer concessions to cover part of the buyer's costs, especially in new developments or slower markets.
Yes — each property type has its own cost structure: Condos Sellers typically pay NYC and NYS transfer taxes, broker commission, and possibly building-related fees like move-out charges or managing agent fees. Co-ops In addition to broker commissions and transfer taxes, co-op sellers may face a flip tax, which is often a percentage of the sale price or profit. They may also owe move-out or managing agent fees. These vary by building. Single-Family Homes/Townhouses Sellers usually pay broker commissions, transfer taxes, and their attorney’s fee. Since there is no co-op or condo board involved, there are no building or management-related application fees. Our Seller Closing Costs Calculator adjusts for your property type to give you the most accurate estimate possible.
Estimating Seller Closing Costs
When selling a property, various closing costs impact your net proceeds. Our Seller Closing Costs Calculator helps you estimate attorney fees, broker commissions, and transfer taxes so you can better plan your sale.
Property Details: Key Inputs
- Sale Price: The agreed-upon sales price of the home.
- Outstanding Debt (Check Box): Indicates if there is an existing mortgage to be paid off at closing.
- Power of Attorney (Check Box): If selected, legal fees may increase for processing.
- New York City CEMA (Check Box): If applicable, can reduce transfer taxes.
- Property Type: Condo, Co-op, or Single-Family Home, determining applicable fees.
Seller Closing Costs: Defined
Attorney & Administrative Fees
- Seller's Attorney Cost: Legal fees for handling the sale and contract review.
- Move-Out Fee: Charged by some buildings for administrative costs.
- Management Fees: Fees for processing sale paperwork in condo and co-op buildings.
- Property Condition Disclosure Statement Fee: A fee applied when waiving disclosure requirements.
Broker Commission
- Broker Commission: Typically 5–6% of the sale price, paid by the seller.
Transfer Taxes
- State Transfer Tax: 0.4% for sales under $3M, 0.65% for sales over $3M. (View NYS Tax Info)
- City Transfer Tax: 1% for sales under $500K, 1.425% for sales $500K+. (View NYC RPTT Info)
- Total Transfer Taxes: Sum of all applicable state and city taxes.
Total Seller Closing Costs
- Closing Cost Percentage: Total closing costs as a percentage of the sale price.
- Total Closing Costs: The sum of all applicable fees and taxes.
- Closing Costs A 6-step Guide to Closing on Your NYC Apartment The Seller can continue to show their property to other potential buyers.
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A 6-step Guide to Closing on Your NYC Apartment
The Seller can continue to show their property to other potential buyers.