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NYC and NYS Transfer Taxes Explained: Who Pays What at Which Price Point
NYC + NYS tax real estate transfers. Sellers pay 1%–1.425% city + 0.4%–0.65% state. Here’s who pays and when buyers pay.
The Lore - 261 West 112 Street
The Lore (261 W 112th St) is a Hybrid postwar condo that created massive wealth for 2010–11 buyers and maintained pricing stability.
Seller Closing Costs in NYC: Transfer Taxes, Commissions, and Flip Taxes
NYC sellers typically pay 8%–10% in closing costs, including commission, NYC/NYS transfer taxes, flip tax, and attorney fees.
Brownstone Lane - 309 West 118 Street
309 W 118th St (Brownstone Lane) is a hybrid postwar condo that built major wealth for 2005 sponsor buyers and maintained stable pricing across cycles.