How much do NYC sellers pay for closing costs?

… the negotiation process  … Flip taxes … Some coop and condo buildings have flip taxes also known as transfer fees … percent of the purchase price and up to 3 to 5 percent Some buildings charge 10 percent of the sellers profit Flip taxes … costs and the rest was a closing credit Similarly coop boards may be more willing to approve a sale with a credit …

By Evelyn Battaglia |January 9, 2023 - 12:30PM