Client & Broker Resource Center

The New York Seller’s Closing Cost Calculator

What will you walk away with? A working estimate of a seller's costs of sale — the City and State transfer taxes, brokerage, and any co-op flip tax — and the net proceeds after paying off an existing mortgage, anywhere in New York.

NYC RPTT NYS transfer tax Co-op flip tax Net proceeds Rates current to June 2026

Buyer instead?  Open the Purchaser's Cash-to-Close Estimator →

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The sale

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Costs of sale
Net proceeds

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Estimated Seller's Statement

Enter a sale price to begin

Estimate only. Excludes property-tax and common-charge adjustments, unpaid liens, and per-diem prorations. Not a title bill or a closing statement.

Seller — Costs of Sale
Total costs of sale$0
Estimated Net ProceedsPrice − payoff − costs of sale $0

How the numbers are derived

NYC Real Property Transfer Tax (RPTT). Borne by the seller inside the five boroughs. Residential (1–3 family, condo, co-op): 1.0% at or below $500,000; 1.425% above. Commercial / 4+ family: 1.425% at or below $500,000; 2.625% above. There is no RPTT outside New York City.

NYS Real Estate Transfer Tax. 0.4% statewide, paid by the seller. An additional 0.25% base tax (0.65% combined) applies where residential consideration is $3M or more, or commercial consideration is $2M or more.

Brokerage & co-op flip tax. Commission is a matter of the listing agreement and, since 2024, openly negotiable; enter your figure. A co-op flip tax (a transfer fee imposed by the cooperative's proprietary lease or by-laws) is entered as a percentage of price, though some buildings compute it per share or on gain — confirm the formula with the managing agent.

Transfer-tax allocation. The taxes above are the seller's by custom, but allocation is contractual. In a sponsor (new-construction) sale, and occasionally by negotiation, the purchaser assumes the seller's transfer taxes; check the box to remove them from your side. The contract of sale controls.

Threshold Watch. New York's transfer taxes are "cliff" taxes — the higher rate reaches the entire price once a line is crossed. When a price sits just over the $500,000 RPTT line or the $2M/$3M State-surcharge line, the panel quantifies the exposure so it can be weighed in pricing and negotiation.

What this does not include. Property-tax and common-charge prorations, water/sewer and fuel adjustments, unpaid violations or liens, transfer-tax filing fees, and mortgage satisfaction recording are excluded. It is a planning tool, not a closing statement; the contract, payoff letter, and title report control.

2026 legislative note. Spring 2026 proposals to raise the NYC mansion tax (a buyer charge) were not enacted. No change to the seller-side transfer taxes above is in effect as of this writing.