Buyers
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Closing Costs for Co-Ops
| Attorney |
$1,600 & up* |
| Managing Agent Application Fee |
$250 - $500 |
| Credit Report Fee |
$50 - $100 per applicant |
| Lead-Based Paint Disclosure |
$0 - $50 |
| Mansion Tax |
1% of purchase price ($1 million and over) |
| Move-In Deposit |
$500 - $1,000 (usually refundable if no damage) |
| Mortgage Associated Fees |
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| Origination Costs - points |
0 - 3% value of loan |
| Application, Credit Checks, etc. |
$500 & up |
| Appraisal |
$275 & up |
| Bank Attorney |
$500 & up |
| UCC-I Filing |
$50 & up |
| Recognition Agreement Fee |
$200 & up |
| Lien Search |
$250 - $350 |
* Check with bank/mortgage broker for additional fees.
New York Law requires a written letter of engagement if the legal fee will exceed $3,000. Non-New York State residents should procure exemption for state transfer tax forms (TP584). These costs are provided only as estimates. Please confirm closing costs for specific transactions with your attorney.
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