NYC Seller Closing Cost Calculator 2026
Selling a NYC apartment typically costs the seller 7–10% of the sale price once commissions, transfer taxes, flip tax, and attorney fees are added up. The single biggest variable is broker commission — usually 5-6% for full-service representation. Use this calculator to estimate total costs and your net proceeds, then request a building-specific breakdown including recent comps.
FAQ
Q: Who pays the NY State and NYC transfer taxes? A: The seller, in resale transactions. In new development, sponsors often shift these onto the buyer. Combined, the taxes are roughly 1.4% under $500K, 1.825% over $500K, and 2.075% over $3M.
Q: Is the broker commission really negotiable? A: Yes. While 5–6% is standard for full-service brokers in NYC (3% to the listing agent, 2–3% to the buyer's agent), everything on the listing agreement is negotiable. What you give up with discount brokers is marketing reach, time on market, and negotiating power.
Q: When does the flip tax apply? A: In most NYC co-ops. The rate and structure vary by building — some charge a flat percentage of the sale price (most common), some charge a per-share amount, some charge a percentage of the seller's profit. The co-op board sets it. Your managing agent can confirm your building's rate in advance.
Q: What about capital gains tax? A: Not included in this calculator because it requires your original cost basis, capital improvements, and whether you qualify for the $250K/$500K federal primary-residence exclusion. For NY non-residents, there's also an Estimated Payment of Income Tax due at closing (10.9% of estimated gain). Always loop in your CPA before closing.
Q: How is "Net Proceeds" calculated? A: Sale price minus total closing costs, before federal and state capital gains tax. It's what lands in your bank account at the closing table, not what you ultimately keep after the IRS.
Estimates are based on typical NYC resale transaction structure and 2026 tax rates. Broker commission is negotiable. Co-op flip tax defaults to 2% but varies 0–3% by building. Does not include federal or state capital gains tax or non-resident estimated income tax payment. Not tax or legal advice.
