NYC Seller Closing Cost Calculator

Estimate your total closing costs and net proceeds on a NYC condo or co-op sale — broker commission, transfer taxes, attorney fees, flip tax, and building fees, broken down line by line. Enter your actual mortgage payoff for an accurate net proceeds number.

Prefer a version that leads with your walk-away number? Try our Net Proceeds Calculator (same math, different framing). Just need transfer tax or flip tax alone? Try our standalone Transfer Tax or Flip Tax calculators. Looking for the buyer side, or want to compare renting vs. buying? See all our calculators.

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Net Sale Proceeds
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Total Closing Costs: $0
Mortgage Payoff: $0
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Estimated Closing Costs
FeeAmount
Broker Commission$0
Building Flip Tax$0
NYC & NY State Transfer Tax$0
Seller’s Attorney Fee$0
Move-Out Deposit$0
Move-Out Fee$0
Managing Agent Fee$0
Bank Loan Satisfaction Fee$0
ACRIS Filing Fee$0
Residential Deed Transfer Fee$0
Co-op Attorney Fee$0
UCC-3 Termination Fee$0
Non-Deed Transfer Fee$0
Co-op Stock Transfer Tax$0
Power of Attorney Fee$0
Property Condition Disclosure Credit$0

Glossary

Broker Commission

The standard real estate commission in NYC runs 4% to 6% of the sale price, with 5% most common for condos and co-ops. It’s paid entirely by the seller at closing and typically split between the listing and buyer’s agents.

NYC & NY State Transfer Tax

The NYC Transfer Tax is 1% for sales under $500,000 and 1.425% at $500,000 or more. The NY State Transfer Tax adds 0.4% under $3 million and 0.65% at $3 million or more. Both are seller-paid and apply to the entire sale price, not just the amount above each threshold.

Building Flip Tax

A transfer fee some co-op (and occasionally condo) buildings charge sellers, typically 1-3% of the sale price. It’s set by the building’s proprietary lease or bylaws, not by the city — check your building’s documents, since many buildings have none.

Mortgage Payoff vs. Closing Costs

Paying off your existing mortgage isn’t a closing cost — it’s a separate reduction of your proceeds. This calculator shows both: your total closing costs as a share of the sale price, and your final net proceeds after the mortgage payoff on top of those costs.

Property Condition Disclosure Credit

New York law lets sellers pay buyers a flat $500 credit instead of completing the Property Condition Disclosure Statement. Most NYC sellers take this option rather than filling out the form.

Capital Gains Tax

Capital gains tax is not a closing cost and isn’t collected at the closing table — it’s calculated and filed separately on your federal, state, and city income tax returns. This calculator doesn’t estimate it; talk to your accountant about your specific gain and any primary-residence exclusion you may qualify for.

Condo vs. Co-op Seller Costs

Condos pay ACRIS filing and residential deed transfer fees; co-ops instead pay a co-op attorney fee, UCC-3 termination fee, non-deed transfer fee, and stock transfer tax — reflecting that a co-op sale transfers shares and a proprietary lease, not real property.

Disclaimer: NestApple’s NYC Seller Closing Cost Calculator is an estimate for reference purposes only. It does not include capital gains tax, which is calculated separately on your income tax return. Exact closing costs will vary per transaction. Always consult the closing statement your real estate attorney provides for your transaction’s actual closing costs, and your accountant for tax implications. NestApple and its affiliates do not provide tax, legal, or accounting advice. NestApple is a licensed real estate broker and professional service provider.