 Photo by Steve Strang on Unsplash By Colin O'Leary Selling a home in New York City comes with a unique set of fees and taxes that many sellers don’t expect. Whether you're listing a co-op, condo, or townhouse, understanding your NYC seller closing costs is essential for pricing your home correctly and knowing your true net proceeds. To make things easier, use our free tool to calculate your estimated net earnings instantly: 👉 NYC Seller Closing Cost Calculator What Are Seller Closing Costs in NYC? Seller closing costs are the fees paid at the end of a real estate transaction. These costs are separate from any mortgage payoff and typically range between 6%–10% of the sale price, with transfer taxes and broker commission making up the bulk of the expenses. Breakdown of NYC Seller Closing Costs 1. Broker Commission (5–6%) This is typically the largest expense for NYC sellers. The commission is split between the listing agent and the buyer’s agent and is paid only if the property successfully closes. 2. NYC Transfer Tax (RPTT) NYC charges a Real Property Transfer Tax on all sales:
3. New York State Transfer Tax
4. Attorney Fee NYC attorneys handle contract preparation, due diligence, and closing coordination. Typical seller attorney fees range from $2,000–$5,000, depending on the complexity of the transaction. 5. Co-op Flip Tax Many co-ops charge a flip tax, which may be structured as:
6. Building Fees & Move-Out Fees Condo and co-op buildings may charge:
7. Miscellaneous Costs Other smaller fees may include:
How Much Will You Actually Net From Your Sale? Your bottom line depends on your final sale price, closing costs, and remaining mortgage balance. You can calculate your exact proceeds here: 👉 NYC Seller Closing Cost Calculator Frequently Asked Questions Who pays closing costs in NYC? Sellers pay broker commission, NYC and NYS transfer taxes, attorney fees, and certain building fees. How much are seller closing costs on a $1 million sale? Typically between $70,000–$100,000, depending on the building and commission. Do condo and co-op closing costs differ? Co-ops may include flip taxes and additional board fees, which can make them more expensive. Are seller closing costs tax-deductible? Some may be deductible. Always confirm with a CPA. Thinking About Selling Your NYC Home? Selling in NYC is complex, but understanding your closing costs doesn’t have to be. Use our calculator for a fast, accurate estimate and reach out to Colin O'Leary with The Big City Team at 646-300-2012 if you’re considering listing your home. 👉 Estimate Your Closing Costs Now
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 Photo by Dorian Mongel on Unsplash By Colin O'Leary New York City’s housing market is always changing, but some neighborhoods consistently stand out for high prices and strong demand. Manhattan still dominates the luxury scene, but Brooklyn and Queens have neighborhoods that are catching up, offering space, charm, and great locations. Using the latest Q3 2025 data from PropertyShark, here’s a look at the 20 most expensive neighborhoods in NYC based on median sale prices.
From the modern skyscrapers of Hudson Yards to the quiet streets of Malba, NYC’s real estate offers a wide range of options for buyers and investors. Each neighborhood has its own personality, charm, and appeal, making it important to consider what matters most to you when choosing a home. For expert guidance navigating NYC’s competitive market, contact Colin O’Leary and The Big City Team at 646-300-2012 for a complimentary consultation. Searching for NYC homes for sale? Beth Davis is a trusted NYC real estate agent dedicated to helping buyers, sellers, tenants, and relocating families navigate the New York City market with ease. Known for her hardworking, loyal, and personable approach, Beth offers white-glove service, guiding clients through every step of the home buying or selling process. With personal experience relocating her own family from Washington, D.C., to Switzerland, and ultimately to New York City, Beth understands the challenges of moving firsthand. As co-founder of The Big City Team at Berkshire Hathaway HomeServices Fillmore, she expertly handles every detail—from selecting the right neighborhood to ensuring a smooth move into your new home. Beth is also a skilled listing agent, marketing NYC homes effectively to achieve top results for her clients. Her comprehensive knowledge of the city, combined with a commitment to exceptional service, ensures a seamless real estate experience. Ready to buy, sell, rent, or relocate to NYC? Contact Beth Davis, your NYC real estate agent, at 914-574-3169 and start your journey today!  Brooklyn, New York By Colin O'Leary If you’re planning to buy a home in NYC this year, one of the most important steps in the homebuying process is getting pre-approved for a mortgage. Especially in today’s market, where mortgage rates have risen compared to just a few months ago, obtaining a mortgage pre-approval can give you a major advantage. Pre-approval provides a clear understanding of your budget and borrowing power, helping you approach your home search with confidence and a realistic plan. Mortgage pre-approval is often the first step for first-time homebuyers who want to navigate the NYC housing market efficiently. A mortgage pre-approval occurs when a lender determines you’re qualified for a home loan. Your pre-approval letter shows the maximum loan amount you’re approved for, as well as the expected interest rate and loan term. During this process, the lender reviews your financial history to determine how much they’re willing to lend. With this information in hand, you gain a true picture of what you can afford, making your home search more focused and effective. In a market where rising mortgage rates affect affordability, this insight is especially valuable. A mortgage pre-approval also shows sellers that you’re a serious buyer. Getting pre-approved can improve your chances of earning a seller’s confidence and should be completed as early as possible in the homebuying process. Even though bidding wars in NYC are easing, a pre-approval letter strengthens your offer and shows that you are financially prepared to purchase a home. For first-time buyers and experienced buyers alike, getting pre-approved for a mortgage is a crucial first step. It helps you understand your price range, gives you an advantage in competitive markets, and signals to sellers that you are ready to buy. Partnering with a trusted lender and a knowledgeable NYC real estate professional ensures you have the guidance and tools needed to navigate the homebuying process successfully. If you’re planning to buy a home in NYC and need assistance, contact Colin O'Leary with The Big City Team at 646-300-2012 to get started. Our team of experienced agents and trusted lenders can guide you through pre-approval and the entire homebuying process. |
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December 2025
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The Big City Team
Berkshire Hathaway HomeServices Fillmore Real Estate
4717 Avenue N, Brooklyn, NY 11234
Colin R. O’Leary
Founder & Team Leader | Licensed R.E Salesperson
Phone: 646-300-2012
Email: [email protected]
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Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate.
Equal Housing Opportunity.
Privacy Policy