Manhattan Condos For Sale
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Manhattan condos for sale in NYC,
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Closing Costs - Manhattan Condos

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Closing Costs - Manhattan Coops 
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
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

Before you begin to shop for Manhattan condos for sale in NYC, use my resources page to learn more about the New York Real Estate market. You may also find the Q & A page useful to get answers to the most frequently asked questions.


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Manhattan condos for sale and coop NYC apartments presented by the Real Estate Board Of New York (REBNY).


Real Estate Board Of New York

Get the latest information and news about Manhattan condos for sale in NYC, and property values.


Mortgage Calculator

Calculate monthly mortgage payments, includes amortization tables, bi-weekly savings, refinance info and helpful tips.


Apartment Value Calculator

If you are open to selling your Manhattan apartment, this is the best place to start. My Apartment Value Calculator will give you a computer generated estimate of your apartment's value. This is not to act as a substitute for a Comparative Market Analysis (CMA), which is a comprehensive appraisal done by a licensed Real Estate Agent.