Contact Us Today
Do you have questions about buying, selling or renting an apartment in NY City?
Contact Us via email or Call: (917) 617-0774
Contact Us Today
Do you have questions about buying, selling or renting an apartment in NY City?
Contact Us via email or Call: (917) 617-0774
We have compiled a list of resources to assist you with your research to help you find your dream apartment in NY. This will ultimately educate you as a buyer and help make your decision, an easier one to
make. Before you begin to shop for an apartment in NY City, it is important to understand the roles of the two most common types of New York Real Estate Agents, the Buyers' and Sellers' Brokers. To learn more about NY Real Estate Agents and Brokers, we recommend you visit our Q
& A page to see our most frequently asked questions. If you need advice pertaining to New York Real Estate, please feel free to call us for a no obligation consultation:
Learn about the differences between the two most common New York Real Estate Agents, the Buyer's and the Seller's Brokers.
Get the latest information and news about New York apartment property values.
New York State Association Of Realtors
Learn about Broker’s duties to customers (buyers), clients (sellers)
and more.
Calculate monthly mortgage payments, includes amortization tables, bi-weekly savings, refinance info and helpful tips.
NY1 Residential Real Estate Listings
New York apartments for sale, listed via the Real Estate Board Of New York.
(Note: advertisements for New York apartments are paid for and placed by New York Real Estate Agents who work for the sellers. It is their goal to obtain the highest price possible for the apartments they
represent. If you set up appointments to view apartments without your own Buyer's Real Estate Broker, you will be doing so without representation and dealing directly with the Seller's Real Estate Broker.)
New York City Real Estate Prices
New York apartment prices and trends, broken down by neighborhood, brought to you by NY1 Residential and the Real Estate Board Of New York.
MORTGAGE CLOSING COSTS
| Attorney | $1,750 and up |
|---|---|
| Mortgage Bank Points Fee | 0% - 3% of the loan amount |
| Mortgage Fees, Including Credit Report, Appraisal and Application. | $500 - $1,000 and up |
| Mortgage Bank Attorney | $400 and up |
| Short Term Interest | One month (max) |
| Tax Escrow | 2 - 6 months |
| Recording Fees | $200 - $300 |
| Mortgage Tax | 1.75% of amount of mortgage for loans under $500,000 1.875% of amount of mortgage for loans more than $500,000 |
| Fee Title Insurance | Approx. $450 per $100,000 |
| Mortgage Title Insurance | Approx. $200 per $100,000 |
| Municipal Search | $275 and up |
| Managing Agent Fee | $250 - $500 |
| Common Charge Adjustment | Pro-rated for the month of closing |
| Real Estate Tax Adjustment | 1 - 6 months |
| Mansion Tax | 1% of entire purchase price when it exceeds $1,000,000 |
| Move-in Deposit | $250 - $1,000 refundable after move-in, pending damage |
| For the majority of new developments and apartments purchased directly from a sponsor, the purchaser usually pays the following: | |
| NYC Transfer Tax | 1% of price up to $500,000 or 1.425% of price if $500,000 and up Plus $25 administrative fee |
| NYS Transfer Tax | $4.00 per $1,000.00 of price or 0.4% of purchase price |
| Your Attorney | Approx. $1,750+ |
|---|---|
| Mortgage Bank Points Fee | 0% - 3% of loan amount |
| Mortgage Fees, Including Credit Report, Appraisal And Application. | $500 - $1,000 |
| Mortgage Bank Attorney | $400 and up |
| Lien Search | $250 - $350 |
| UCC-1 Filing | $50 |
| Short Term Interest | Equal to interest for balance of month in which you close |
| Move-in Deposit | $250 - $1,000 refundable after move in, pending damage |
| Recognition Agreement Fee | $200 and up |
| Maintenance Adjustment | Pro-rated for the month of closing |
| Mansion Tax | 1% of entire purchase price once the sale exceeds $1,000,000 |