NYC Real Property Transfer Tax (RPTT) Archives

The NYC and NYS Transfer Tax for condo and co-op sellers is 1.425% for sales of $500k or less and 1.825% above $500k. Tax rates vary by property type.

The NYC and NYS Transfer Tax (RPTT) for Sellers

By Sonja Gosine, Spokesperson at Hauseit® / January 8, 2021

Combined NYC and NYS Transfer Taxes for sellers in New York City is between 1.4% and 2.075% of the sale price. Both NYC and New York State charge a separate transfer tax. Calculate Seller Transfer Taxes in NYC: Purchase Price: [...]

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Los costos de cierre del vendedor en la ciudad de Nueva York oscilan entre el 8% y 10% del precio de venta. Los costos de cierre incluyen un 6% de honorarios para el agente inmobiliario, Impuestos de Transferencia entre 1.4% y 1.825% y cuotas legales.

¿Cuánto Son Los Costos de Cierre para el Vendedor de Una Vivienda en la Ciudad de Nueva York?

By Sonja Gosine, Spokesperson at Hauseit® / May 8, 2019

Los costos de cierre en la ciudad de Nueva York varían entre un 8% y un 10% del precio de venta. Por lo general, los costos de cierre del Vendedor son más altos para los co-ops que para los condominios

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Being a desperate seller is bad enough, don’t make your situation worse by signing up for an instant offer, listing with your building broker and more tips.

What Not To Do As a Desperate Seller in NYC

By Sonja Gosine, Spokesperson at Hauseit® / April 16, 2019

You need to move quickly as a desperate seller, but that doesn’t mean you should forgo some basic research about home selling alternatives. Don’t fall for instant offer programs or other vulture investor schemes, don’t just give your listing to

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As of 2019, the NY Transfer Tax was increased to 0.65% on sales of $3 million or more, and the Mansion Tax was increased on purchases of $2 million or more.

Changes to NYC Mansion Tax and NYS Transfer Tax for 2019

By Sonja Gosine, Spokesperson at Hauseit® / April 11, 2019

Both the NYC Mansion Tax for buyers and the NYS Transfer Tax rates for sellers were increased in April 2019 as a result of tax law changes enacted as part of the New York State 2020 Fiscal Year Budget. There

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Buyer closing costs in NYC are 1.5% to 6%. Buyer closing costs are higher for condos than co-ops. New developments have the highest closing costs.

How Much Are Buyer Closing Costs in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / January 25, 2019

Buyer closing costs in NYC are between 1.5% to 6% of the purchase price. Buyer closing costs are higher for condos vs. co-ops, and closing costs are the highest for new developments (also known as sponsor units). The largest buyer

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The Best Sell Your Home Yourself Websites of 2019

By Sonja Gosine, Spokesperson at Hauseit® / January 23, 2019

The best sell your home yourself websites of 2019 are Zillow and Craigslist on a national level, and The New York Times and StreetEasy on a local New York City level. Realtor.com is also a close runner up on a

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Seller closing costs in NYC are between 8% to 10% of the sale price. Closing costs include a 6% broker fee, NYC Transfer Taxes of 1.4% to 1.825% and legal fees.

How Much Are Seller Closing Costs in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / January 15, 2019

Seller closing costs in NYC are between 8% to 10% of the sale price. Seller closing costs are usually higher for co-ops than condos because most co-ops charge sellers a flip tax. Closing costs include a 6% broker fee, NYC

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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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