Selling in NYC
NYC closing costs for sellers
A practical overview of NYC seller closing costs — transfer taxes, attorney fees, co-op flip taxes, and how to estimate net proceeds.
Transfer taxes and fees
New York City and New York State transfer taxes apply to most sales. Co-ops may also charge a flip tax or transfer fee set by the building. These line items often surprise first-time sellers who focus only on broker commission.
Attorney and title costs
Seller-side attorney fees, title-related charges, and payoff costs for existing mortgages should be modeled before pricing. NYC transactions move quickly once a deal is accepted, so sellers benefit from understanding net proceeds early.
Use a valuation before you list
A live comp-based estimate helps anchor expectations before closing costs are deducted. Pair Giglou’s home value tool with a local advisor review to stress-test price, timing, and likely net at closing.