Seller's Guide

When you decide its time to sell your property, RES will utilize the proven success and experience of its real estate professionals to give your property maximum exposure, attract the most qualified of purchasers, attain the maximum price, and make the entire process smooth and seamless for you.

From the initial pricing of the unit, to negotiating the sale, to the professional preparation and submittal of a board package, to the closing of the transaction, RES will be there throughout to ensure the greatest chance of success in the sale of your property.

Download our complete Seller's Guide to learn more about how RES will work for you.


Seller Closing Costs: Co-operative Apartments*
  • Own Attorney:
  • Co-op Attorney:
  • Stock Transfer Stamps:
  • NYC Real Property Transfer Tax:
  • NYS Transfer Tax:
  • UCC-3 Filing:
  • Flip Tax (if applicable):
  • Payoff Bank Attorney (if applicable):
  • Managing Agent Fee:
  • Move-Out Deposit:
  • Broker Commission:
  • Estate Fees:
  • Residential Deed Transfer:
  • Residential Equalization Fee:
  • Gains Tax Withholding (out of state seller):
  • Non-US Resident (FIRPTA):
  • Misc. Co-op fees:
  • $2,000+
  • $450+
  • $.05 per share
  • Up to $500,000: 1% of purchase price; $500,000+: 1.425% of purchase price
  • $4 per $1,000 (.4%) of purchase price
  • $100
  • Determined by co-operative building (typically 1%-3% of price)
  • $450+
  • $500 - $1,000
  • $500 - $1,000 (usually refundable if no damage)
  • Typically 6% of purchase price
  • Coop may impose additional fees for estate sales
  • $75
  • $75
  • 7.7% of gain
  • 10% of price withheld or paid
  • Vary buy building
Seller Closing Costs: Condominium Apartments / Townhouses*
  • Own Attorney:
  • NYC Real Property Transfer Tax:
  • NYS Transfer Tax:
  • UCC-3 Filing:
  • Payoff Bank Fees (if applicable):
  • Managing Agent Fee:
  • Move-Out Deposit:
  • Broker Commission:
  • Residential Deed Transfer:
  • NYS Equalization Fee:
  • Gains Tax Withholding (out of state seller):
  • Non-US Resident (FIRPTA):
  • Misc. Condominium Fees:
  • $2,000 and up
  • Up to $500,000: 1% of purchase price; $500,000+: 1.425% of purchase price
  • $4 per $1,000 (.4%) of purchase price
  • $100
  • $450+
  • $250 - $750
  • $500 - $1,000 (usually refundable if no damage)
  • 6% of purchase price
  • $75
  • $75
  • 7.7% of gain
  • 10% of price withheld or paid
  • Vary by building
* All costs are estimates for informational purposes only. Please confirm closing costs for specific transactions with your attorney. Check with your payoff bank for additional fees. New York State Law requires a written letter of engagement if the legal fee will exceed $3,000. Non New York State residents should procure exemption for state transfer tax forms (TP584) .1031 Exchange Intermediaries will have separate costs.
320 W. 37th Street, 301 New York, NY 10018 Phone: 212-206-9082  Fax: 646-537-2626 © 2011 RES Sales & Marketing Corp.