Condos Cost Estimator for Sellers

Condo sellers in Manhattan face a different set of closing costs than buyers — most notably, transfer taxes, which are a seller responsibility in a standard resale transaction. Understanding your full cost picture well before closing helps you price your apartment accurately and avoid surprises at the table.

Use this guide to estimate what you'll net from your sale beyond the purchase price. Your attorney will provide exact figures once you're under contract.

New development exception: NYC and NYS Transfer Taxes are a seller cost in a standard resale. However, in a new development transaction, these taxes shift to the purchaser. If you are selling a sponsor unit or new development property, confirm the arrangement with your attorney.

Broker Commission

Fee	Estimated Cost
Listing broker commission Typically the largest single closing cost for a seller	Per listing agreement
Buyer's broker commission Per your listing agreement	Per listing agreement

Bank Fees

Fee	Estimated Cost
Payoff bank fees Fees charged by your lender to pay off and discharge your existing mortgage at closing	$300 – $1,000

Attorney

Fee	Estimated Cost
Your attorney Consult your attorney for their specific fee structure	~$2,500 – $5,000+

Building Fees

Fee	Estimated Cost
Managing agent closing fee	$500 – $1,000
Move-out fee	$500+
Move-out deposit Refundable	$500 – $1,500

Government & Transfer Taxes

Fee	Estimated Cost
NYC Transfer Tax * Paid by the seller in a standard resale	1.000% < $500,000 1.425% ≥ $500,000
NY State Transfer Tax * Paid by the seller in a standard resale	0.400% < $3M 0.650% ≥ $3M
UCC-3 filing fee Terminates any existing UCC-1 financing statement recorded against the property at the time of sale	$125

* In a standard resale transaction, NYC and NYS Transfer Taxes are the seller's responsibility. In a new development transaction, these shift to the purchaser. Confirm which applies to your sale with your attorney — at higher price points, this distinction has a material impact on your net proceeds.

Recording & Closing

Fee	Estimated Cost
Pick-up / payoff fee to title closer Paid to the title company representative who handles the payoff of your existing mortgage at the closing table	~$250 – $500

Important Note

All figures on this page are estimates only and are intended for planning purposes. Actual closing costs will vary based on your sale price, your existing mortgage balance, building-specific fees, and the nature of the transaction. Transfer taxes in particular represent a significant cost at higher price points — factor them into your net proceeds calculation early. Your attorney will provide a precise closing cost statement once you are under contract.

Thinking about selling? Let's talk through what to expect at the closing table.