what is the average price to close on a coop for a buyer?

Mary Smith
Home Buyer
10023

Answers (3)
Alen Moshkovich
Agent
10022

$2,000 to $3,000 on Average for a Coop, add 1% for a property over $1Mil on Mansion Tax.

For a condo it's between 3-3.5% Resale and 5-6% New Development/Sponsor Sale.

Are you buying anything nice Mary?

Wed Mar 18 2009, 08:49
Carol Friedman
Agent
New York, NY

the 3% of the purchase price is about the right figure, however if you buy something over 1 M, you will be paying a mansion tax as well. Your attorney will provide you with a closing statement with all cost prior to closing.
carol friedman NestSeekers 917 287 2308

Wed Mar 18 2009, 04:56
David Zybin
Broker
11204
FIRST ANSWER

figure out a usual closing of 2.5%-3.0% of a loan amount for a coop in New York.

Tue Mar 17 2009, 19:42

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