Condo Flip Tax NYC

The flip tax in NYC is a common closing cost for both co-op and condo sellers. Learn what the typical real estate flip tax is in New York City, who pays the apartment flip tax, and the difference between flip taxes, transfer taxes and capital contributions in NYC real estate.

What Is the Average Flip Tax in NYC and Who Pays It?

By Sonja Gosine, Spokesperson at Hauseit® / July 30, 2018

The average co-op apartment flip tax in NYC is 1% to 3% of the sale price, and it’s customarily paid by the seller. The flip tax varies by building, and in rare instances you may even encounter a condo which [...]

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