NYC Home Sale Net Proceeds Calculator
Selling a condo or co-op in NYC? This calculator answers the question that actually matters: how much will you walk away with. Enter your sale price and we’ll net out the broker commission, transfer taxes, attorney fees, building fees, and your actual mortgage payoff to show your real take-home number.
Want the full itemized closing cost breakdown, or the buyer side? See all our calculators.
Glossary
Gross proceeds is just your sale price. Net proceeds is what actually lands in your account after every cost of selling — commission, taxes, fees — and your mortgage payoff come out. It’s the number that matters for your next move.
In order, typically: your mortgage payoff (if any), broker commission (4-6% of sale price), NYC & NY State transfer taxes (1.4%-2.075% combined), and building flip tax if your co-op charges one. Attorney fees and building move-out fees are smaller, more predictable amounts.
Net proceeds is a cash number: what you walk away with at closing. Capital gains is a tax number: your sale price minus your cost basis (what you paid, plus qualifying improvements and buying costs), used to figure any tax owed. You can have healthy net proceeds and little-to-no taxable gain, especially with the primary-residence exclusion — they answer different questions. Use our Capital Gains Tax Calculator to estimate the tax side separately.
Yes — that’s what this calculator is for. Use your target list price (or a recent comparable sale) as your sale price estimate, plug in your actual mortgage balance from your last statement, and you’ll have a realistic range before you sign a listing agreement.
A transfer fee some co-op (and occasionally condo) buildings charge sellers, typically 1-3% of the sale price, set by the building’s proprietary lease or bylaws — not the city. Check your building’s documents, since many buildings have none.
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 — plus a flip tax if the building charges one, which is more common for co-ops than condos.