NYC Real Estate Taxes

The NYC Mortgage Recording Tax is 1.8% for loans below $500k and 1.925% for loans above $500k. It does not apply to co-ops.

The Mortgage Recording Tax in NYC

By Sonja Gosine, Spokesperson at Hauseit® / April 17, 2020

The NYC Mortgage Recording Tax (MRT) is 1.8% for loans below $500k and 1.925% for loans of $500k or more. The MRT is the largest buyer closing cost in NYC. How much Mortgage Recording Tax you pay is based on [...]

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What are NYC real estate taxes like? How will tax reform affect NY home owners? What taxes will you owe New York for buying and selling property in New York City? Read our overview of NYC real estate taxes tailored for buyers, sellers and owners. Updated for The Tax Cuts and Jobs Act of 2018!

NYC Real Estate Taxes Overview and Guide for Beginners

By Sonja Gosine, Spokesperson at Hauseit® / March 1, 2018

An overview of the NYC real estate taxes you'll have to face when buying, selling or simply maintaining a property in New York City. Read this guide before buying, whether it's your first or your tenth home purchase! Updated for

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There are many benefits to buying an apartment in New York City and living in the world’s greatest city; however, it’s important to understand what the downsides are before you buy an apartment in NYC. We'll explain the pros and cons of buying an apartment in New York!

Things to Consider Before You Buy an Apartment in NYC

By Sonja Gosine, Spokesperson at Hauseit® / January 17, 2018

There are many benefits to buying an apartment in NYC and living in the world’s greatest city; however, it’s important to understand what some of the potential downsides could be as well. Most of the articles you’ll find on this

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What is a Purchase CEMA mortgage in NYC? Are purchase CEMA loans worthwhile?

Purchase CEMA Mortgage – Negotiating a Purchase CEMA Loan in NYC

By Sonja Gosine, Spokesperson at Hauseit® / November 20, 2017

A Purchase CEMA is a strategy for reducing your closing costs when buying or selling a condo or house in New York City. A Purchase CEMA is also known as a Purchase Consolidation Extension Modification Agreement. The Purchase CEMA itself

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